OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD returns to 1.3150

FXstreet.com (Barcelona) - After climbing to the boundaries of 1.3180, the EUR upside run out of steam and retreated to the current area of 1.3150/55, despite the Spanish short-term bond auctions printing lower yields and extending the positive momentum of the peripheral debt markets. The 10-year benchmark remains well below the 5.0%, adding to the optimism.

A grim result came in from Greece, where the unemployment rate posted a record high, escalating to 27.0% in February, higher than January’s 26.7%.

At the moment EUR/USD is flat at 1.3151 with the immediate support at 1.3111 (MA10d) ahead of 1.3071 (low May 8) and finally 1.3068 (low May 7).
On the flip side, a breakout of 1.3194 (high May 8) would aim for 1.3220 (high May 2) and finally 1.3243 (high May 1).

Forex: GBP/JPY capped at 154.00 region

The GBP/JPY broke higher to test the 154.00 region Thursday, bolstered by upbeat economic data out of the United Kingdom. However, during European trading, the failed summit of this region capped the upside and subsequently drove the pair back into negative territory in these moments. Presently, the pair is now settling at 153.69/72, down a modest -0.03% ahead of the BoE decision at 11:00 GMT.
Read more Previous

Spanish borrowing costs fall debt auction

The Spanish Tesoro Público held a debt auction on Thursday during which it sold a total of 4.574 billion euro worth of 3-, 5- and 13-year bonds, exceeding the maximum target of 3.5-4.5 billion euros.
Read more Next
Start livechat