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Forex: GBP/USD bounces back above 1.5500

FXstreet.com (Córdoba) - The Sterling dipped briefly below 1.5500 and printed a fresh daily low in the knee-jerk reaction to the US employment data, which showed US economy added more jobs than expected, the unemployment rate edged lower to 7.5% while March and February figures were upwardly revised.

The US dollar benefited broadly from quite strong data and dragged GBP/USD to a 3-day low of 1.5479 before losing momentum. As investors take a breather, GBP/USD managed to bounce back above 1.5500 and it is currently around 1.5515, still 0.1% below its opening price.

Rehn confirms within two years compliance period will be extended to deficit in Spain and France

Olli Rehn, vice president of the European Commission responsible for Economic Affairs, announced today that the deadline for achieving deficit to Spain and France would be extended by two years, placing it in 2016 and 2015 respectively.
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Forex: EUR/JPY benefits from US NFP and moves to 129.50

The USD/JPY rally seen after the US nonfarm payrolls report had a positive effect on the EUR/JPY, and from 128.50 the cross jumped by 100 pips to 129.50 in order to trade +1.20% higher on the last day of the week. The market is still below yesterday’s high of 129.91 that was printed after the ECB rate cut by 25bp to 0.50%, and quickly retraced in reaction to Draghi’s open mind regarding negative deposit rates.
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