OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CAD remains rangebound below 1.0100

FXstreet.com (Córdoba) - The USD/CAD remained little changed as the US dollar failed to benefit from much-weaker-than-expected Canadian Ivey PMI. The indicator came in at 52.2 (seasonally adjusted) against the 58.3 expected.

However, USD/CAD moved only a few pips on the release in a quiet session. At time of writing, USD/CAD is trading around 1.0085/90, still 0.2% above its opening price.

As for technical levels, immediate resistances are seen at 1.0100 (psychological level) and 1.0140 (10-day SMA). On the downside, supports could be found at 1.0060 (200-day SMA) and 1.0050 (low May 1).

Forex: EUR/JPY loses 130.00 handle as Draghi "threats" more easing

ECB Draghi’s speech triggered the tumble of the euro today, affecting the EUR/JPY performance as it fell from 130.20 area down below the 130.00 mark. The cross is currently at 129.70 (-0.18% on the day) lows as the President of the European Central Bank said they’re ready to act again, following last week’s 25bp refi rate cut to 0.50%.
Read more Previous

Forex: EUR/GBP approaches 0.8400 support after Draghi

The EUR/GBP fell from its highs, at 0.8438, and tumbled almost 30 pips on ECB Draghi’s speech in Rome. The cross is now pressured back to its support area, close to the 0.8400 mark, after an open mind towards more rate cuts. That psychological level has been holding the pair since April 25, despite several attempts to the downside.
Read more Next
Start livechat