OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/CHF trading negatively at 0.9436/37

FXstreet.com (Barcelona) - The USD/CHF has been devoid of any sweeping movements Friday, instead clinging to negative territory, most recently on the heels of economic data in the EMU. Following the SNB speech, the pair is now trading at 0.9436/37, down -0.11% during European trading.

Briefing the technical levels, the Mataf.net analyst team identifies the next short-term supports for the USD/CHF at 0.9417, then 0.9389, and finally 0.9355. Alternatively, a paring of losses will result in a testing of resistances at 0.9479, onto 0.9513, and finally 0.9541.

In the EMU, the M3 Money Supply (3M) came in at +3.0% in March, compared with a figure of +3.4% previously. Moreover, the M3 Money Supply (YoY) yielded only +2.6%, missing estimates of +3.0%. Finally, Private Loans (YoY) fell -0.8%, matching projections.

EMU: M3 Money Supply up 3% in March

The Eurozone M3 Money Supply increased 3% in the three months to March, following a 3.4% rise in the three months to February, according to the ECB official data.
Read more Previous

Forex: EUR/JPY bouncing from 128.00 low

After a first drop below the 129.00 handle towards the 128.00 mark after the BoJ meeting, the EUR/JPY rebound from there in reaction to the BoJ outlook, German import prices data and European opening pulled the cross above 128.50 area (session high at 128.87). EMU money supply is out, easing in March from 3.4% to 3.0% (3m) and from 3.1% to 2.6% (YoY), below 3.0% consensus.
Read more Next
Start livechat