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Forex: EUR/USD spikes 1.3350 as risk appetite jumps

FXstreet.com (Barcelona) - The single currency has quickly left behind the 1.3300 key resistance on bullish comments by Roesler that Germany is opposed to a weak euro. In addition, stop orders triggering above 1.3300 would be also playing its part in this euro upside.

Next on the euro docket will be the Spanish and French bond auctions, although market participants expect the decline trend in yields to remain unchanged.

EUR/USD is now up 0.38% at 1.3340 facing the next hurdle at 1.3370 (Upper Bollinger) ahead of 1.3382 (high Jan.14) and finally 1.3487 (2012 high Feb.24).
On the downside, a break below 1.3249 (low Jan.11) would accelerate losses towards 1.3221 (MA21d) and then 1.3204 (MA10d).

Forex: NZD/USD testing the 0.8400 level

After bottoming out at the 0.8381 (session low) during overnight trading, the NZD/USD has pared the majority of losses as the pair attempts to recover strength following an early stumble Thursday. In recent moments the cross has regained the 0.8400 level and is currently testing this region, shackled by a -0.10% drop still during European trading.
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Forex Flash: Weak employment report hits Australian dollar – BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the FX market has been relatively stable overnight with AUD under performing following weaker than expected Australian employment report for December.
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