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Forex: EUR/USD consolidates below 1.3200

FXstreet.com (Barcelona) - The single currency is extending its correction from yesterday’s highs around 1.3240 to the current area of 1.3170/75, ahead of the final manufacturing PMI figures from de euro zone members.

The Chinese manufacturing PMI disappointed investors overnight, falling to 50.4 in April, a tad lower than the median at 50.6 and down from March’s 51.6.

As of writing, the cross is losing 0.04% at 1.3173 with the next support at 1.3162 (hourly low May 1) followed by 1.3120 (hourly high Apr.30) and finally 1.3052 (MA21d).
On the flip side, a surpass of 1.3319 (high Feb.25) would then target 1.3343 (61.8% of Feb-Apr slide) en route to 1.3456 (high Feb.14).

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AUD/USD has fallen an additional 20+ pips in the last hour of trading, adding to an early slide from 1.0280 region after Australian housing data gave yet another reason to believe the RBA has further room to cut.
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Forex: GBP/USD hovering over 1.5550

The sterling is following its European peer on Thursday, orbiting around 1.5545/50 ahead of the Construction PMI due later in the UK economy. Recall that the cross pierced the key resistance at 1.5600...
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