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Forex: EUR/USD gyrating around 1.3050

FXstreet.com (Barcelona) - Positive news from Italy’s new coalition government over the weekend lifted the cross to the boundaries of 1.3070 overnight, although the upside lost impetus and dragged the cross back to the current mid 1.30s.

Ahead in the day Spanish Retail Sales and EMU’s Consumer Confidence are due, preceding a key 10-year auction of bonds in the Italian markets.

As of writing, the cross is losing 0.02% at 1.3045 facing the next resistance at 1.3094 (high Apr.25) ahead of 1.3130 (high Apr.19) and then 1.3202 (high Apr.16).
On the flip side, a breach of 1.2988 (low Apr.25) would the target 1.2954 (low Apr.24) en route to 1.2948 (MA200d).

Forex – Low CPI adds to the case for the RBA to cut again – NAB Global Markets

The AUD/USD is trading sharply higher to start the week, up 40 pips at 1.0318 last. In recent weeks both HSBC China PMI, and Aussie CPI came in below expectations which some analysts believe could lead to interest rate cuts by the RBA in coming months.
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Forex: GBP/USD consolidates above 1.5500

The sterling quickly left behind the key resistance at 1.5500 on Monday, escalating to the vicinity of 1.5530 on upbeat news from Italy over the weekend...
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