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Forex: EUR/USD threatening 1.3000

FXstreet.com (Barcelona) - The shared currency is intensifying its intraday decline on Friday, just pips away from the psychological level at 1.3000 as the greenback is accelerating its march north.
The prevailing risk aversion continues to fuel the USD rally, prolonging its advance since Thursday evening and dragging riskier assets to fresh lows.

In the opinion of Strategist G.Gibbs at RBS, the euro descent “…comes despite stronger than expected German factory orders and industrial production this week. Spain also reported stronger industrial production data overnight. Nevertheless, with the USD broadly stronger, the recent ECB policy announcements probably helped make the downside path easier overnight”.

EUR/USD is now down 0.17% at 1.3019 and a breach of 1.3010 (low May 9) would open the door to 1.2992 (MA200d) and finally 1.2988 (low Apr.25).
On the flip side, the first hurdle is located at 1.3075 (MA21d) ahead of 1.3100 (MA10d) and then 1.3194 (high May 8).

Forex: NZD/USD plummets to session lows at 0.8338/42

An overnight attempt at the upside was capped at the 0.8420 level Friday, leaving the NZD/USD in absolute free-fall as it lost its grip on the 0.8400 level. This proved to be the least of its concerns, having now been driven towards support to fresh session lows at 0.8338/42 during European trading. At this juncture the cross is now incurring a loss of -0.67% off its opening.
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Forex: USD/JPY rising at escape velocity at 101.32/39

The USD/JPY steadfast rise has thus far found no signs of ending Friday, as an overnight push was met with further buying of the dollar against the yen today. European trading has painted this same picture, with the pair now reach session highs in these moments as the yen thrashing continues unabated. In these moments the cross is now trading at 101.32/39, up a stellar +0.71% above its opening.
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