OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD eyes 1.3250 after ADP

FXstreet.com (Barcelona) - The shared currency is printing fresh multi-week highs in the vicinity of 1.3250 on Wednesday, after the US private sector disappointed investors in April adding 119K jobs vs. 150k expected and 131K in the previous month.

Next on tap will be the ISM manufacturing, expected to ease to 50.9 in April from March’s 51.3.

The cross is now advancing 0.51% at 1.3235 with the next hurdle at 1.3319 (high Feb.25) followed by 1.3343 (61.8% of Feb-Apr slide).
On the flip side, a breakdown of 1.3120 (hourly high Apr.30) would open the door to 1.3052 (MA21d) and finally 1.2988 (low Apr.25).

Forex: GBP/USD jumps to test 1.5600 level, first time since Feb. 13

The GBP/USD reacted to the upside following the weaker-than-expected ADP report with the cable jumping around 40 pips from 1.5560 to reach the highest level since February 13 at 1.5595, just ahead the 1.5600.
Read more Previous

Forex: USD/CHF falls to 0.9250 as US data gets published

The 0.9300 handle gave in to downside pressure during the European morning and breached below the psychological level. The market is extending the fall on the publication of the US ADP report, reaching as low as 0.9248 but being able to find support at 0.9250.
Read more Next
Start livechat