OctaFX | OctaFX Forex Broker
Abrir una cuenta
Back

EUR/USD glued to 1.2940/45

FXstreet.com (Barcelona) - The lack of catalyst are weighting on the pair on Monday, keeping the demand subdued and the price action flat-lined in the area of 1.2940/45.

“While we expect EUR/USD to trade in the high 1.20s in the coming months, we acknowledge that risks are skewed to the downside as the likelihood of an early Fed exit has clearly increased. Moreover, we expect volatility to remain elevated due to the high uncertainty about the timing of the exit”, assessed Senior Analyst S.Holbek at Danske Bank.

At the moment, the pair is advancing 0.06% at 1.2943 and a surpass of 1.2994 (high May 24) would then target 1.2998 (high May 22) en route to 1.3030 (high May 14). On the downside, support levels line up at 1.2904 (low May 24) followed by 1.2897 (MA10d) and finally 1.2821 (low May 23).

AUD/USD trading positively at 0.9550/58

The AUD/USD downside was temporarily halted during European trading Monday, leading to an ascension with the pair near session highs of 0.9550/58 in these moments.
Leer más Previous

Asian equity markets highlighted by Japanese decline

Japanese equities continued their week over week decline Monday, after plummeting for the second time. While Japanese markets led the plunge, Chinese stocks faired much better, holding on despite last weeks weakness across global equity markets.
Leer más Next
Start livechat