Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



OctaFX_Farid

Member
  • Posts

    4,490
  • Joined

  • Last visited

  • Days Won

    3

Everything posted by OctaFX_Farid

  1. CFTC Positioning: USD longs fall to lowest levels since September – Rabobank FXStreet (Barcelona) - The Rabobank Research Team shares the CFTC positioning data for FX space as at 16th December, 2014, noting that USD longs fell back to lowest levels since September after FOMC meeting. Key Quotes “USD long slipped back to their lowest level since early September ahead of last week’s FOMC meeting.” “Coincidentally, net EUR shorts dropped substantially back to their lowest levels since August. There is some speculation that full blown QE from the ECB could support the EUR through increased demand for peripheral bonds.” “Net JPY shorts continued their retreat. On the back of a bout of safe haven demand, net shorts returned to their lowest level for 5 weeks. The renewed upside climb in spot USD/JPY suggests this pullback in positions is temporary.” “For a second consecutive week GBP shorts loss ground aggressively. They have now returned to the lowest levels in 5 weeks.” “AUD net shorts dropped back to their lowest levels since late October. CAD short positions, however, lengthened a little. MXN net shorts were extended further.” “CHF net shorts dropped significantly in a week in which SNB announced negative rates.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 22, 2014 OctaFX.Com News Updates
  2. ECB may announce bond purchase program in early 2015 – BBH FXStreet (Barcelona) - The Brown Brothers Harriman Team notes that consensus has developed around ECB’s bond purchase program timing, with markets expecting it to begin in early 2015. Key Quotes “There appears to be a general consensus that the ECB will announce a sovereign bond purchase program early next year. This anticipation and the decline in oil prices have driven European bond yields to record lows. It has helped ensure that the Greece's political uncertainty stays localized. Economic data alone will not persuade the market otherwise. That said, money supply data and credit data, due December 30, will be important for assessing the next phase of the TLTROS, which require banks to increase their lending books.” “A non-binding opinion of the European Court of Justice on the OMT program is expected on January 14. It is not seen as an obstacle.“ OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 22, 2014 OctaFX.Com News Updates
  3. Quiet range expected for EUR/USD – FXStreet FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, explains that the overall bearish trend for EUR/USD remains firm, but with holiday season in, the pair will likely remain confined to the 1.22/23 range. Key Quotes “The EUR/USD pair bounced from its year low of 1.2219, extending up to 1.2272 early in the European session. But volume has gone on holidays and the pair trades in slow motion within Friday’s range. From the fundamental side, the only data released in the EZ was German import price index, down yearly basis 2.1%, below market expectations of a 1.9% drop.“ “Technically, the 4 hours chart shows indicators recovering from oversold levels, but well below its moving averages, with 20 SMA presenting a strong bearish slope above currently around 1.2300. The overall bearish trend remains firm in place, although not much action should be expected these days, with the pair most likely confined to the 1.22/23 range.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 22, 2014 OctaFX.Com News Updates
  4. OctaFX.com-OctaFX Supercharged REAL CONTEST current position! Win Tesla Model S, Smart Fortwo or Renault Twizy! Open a Contest Account and Deposit it. Trade and receive achievements. Interact with other traders. Win one of 10 amazing prizes. View contest standings Stand out for outstanding with OctaFX! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today! Please stay tuned for the news and updates from OctaFX! Wishing you luck and profitable trading, yours truly, OctaFX!
  5. USD/CHF consolidates around 0.9800 FXStreet (Córdoba) - USD/CHF steadied in a quite narrow range Friday after reaching a 2 ½-year high the previous day following the unexpected decision of the Swiss National Bank to set negative interest rates to defend the CHF cap. USD/CHF has spent the day consolidating within 0.9780 - 0.9820 after hitting its highest level in over 2 years at 0.9847 as the franc weakened broadly after the SNB announcement. With investors gearing up for Christmas holidays, the pair might extend its consolidative phase during the next hours. At time of writing, USD/CHF is trading at 0.9790, virtually unchanged on the day. USD/CHF levels to watch As for technical levels, resistances are seen at 0.9823 (daily high), 0.9847 (2014 high Dec 18) and 0.9872 (Aug 3 2012 high). On the flip side, supports could be found at 0.9780 (daily low), 0.9721 (Dec 18 low) and 0.9700 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 19, 2014 OctaFX.Com News Updates
  6. EUR/CAD running into supply post Canadian CPI FXStreet (Guatemala) - EUR/CAD is trading at 1.4264, up 0.11% on the day, having posted a daily high at 1.4296 and low at 1.4203. EUR/CAD has dropped back post the highs and rally that’s came in the form of a spike post the Canadian CPI arriving at 2% and missing the 2.2% expectations. The main fall in process came from gasoline year on year by 5.9%. The 1.53 handle is a congested area where strong offers are placed and coinciding with EUR/USD’s recent fall out from the top of the 1.24 handle. The current price is at the (Daily 100 SMA) and just ahead we have 1.4285 (Weekly Classic PP), 1.4288 (Daily Classic PP) and 1.4341 (Hourly 200 SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 19, 2014 OctaFX.Com News Updates
  7. US treasury 30y yields 35bp away from all-time yield lows – RBS FXStreet (Barcelona) - The RBS Research Team observes that the 30y treasury bonds are only 35bp away from seeing all-time lows for bonds at around 2.50%, further noting that its daily momentum is strongly bearish. Key Quotes “The back end of the yield curve appears uniquely vulnerable to an overbought correction right now. At the end of the day on Wednesday the Treasury 5's-30's curve tested and swiftly rejected significant support at 111bp, a level derived by the tights in this curve in mid-2008 and then again at the start of 2009. I illustrate this support level in today's first chart while the second chart shows that daily momentum turned in favor of further steepening in the past few days.” “The upshot is that those crowded into the long end of the curve may have some rough sledding in the coming weeks—perhaps failing to beat the forwards in their flattening trades or just losing money on outright longs in bonds.” “With 30yr yields roughly 35bp away from the all-time yield lows in American history (2.50% in December 2008 and again in July 2012), it may be a good time for the longs in bonds to ask themselves what are playing for with 120bp of rally behind us and 35bp left before all-world resistance emerges.” “5s (1.65%) – Next support comes in at 1.70% (where we were Monday last week) and then it gets stronger at 1.80% and just above. First resistance emerges at 1.47% and then major resistance lines up at ~1.27%. Daily momentum is bearish again.” “10s (2.20%) –Next resistance comes in at the flash crash lows ~1.86%. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is bearish.” “30s (2.83%) – Bonds don't have any solid support until 3.105%, the November "lows." Next resistance is at ~2.50%, the all-time rate lows for bonds. Daily momentum is solidly bearish.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 19, 2014 OctaFX.Com News Updates
  8. Canadian data today may deliver mixed signals on the economy – TDS FXStreet (Barcelona) - According to Shaun Osborne and Martin Schwerdtfeger, FX Strategists at TD Securities, today’s Canadian data is expected to deliver mixed signals on the economy and will unlikely help to resolve the short-term uncertainty for funds. Key Quotes “The market already feels like it is starting to dial it down ahead of the holidays. The CAD ignored a late sell-off in crude oil yesterday—ending the brief consolidation in the market and driving WTI back to a little shy of the mid-week lows—and maintained a somewhat better bid tone versus a generally stronger USD into the close Thursday.” “USDCAD looks heavy but it really should be moving the other way. It’s hard for us to ignore two—usually—fairly decisive drivers of the CAD’s performance; spreads and commodities. US-Canada 5-year spreads remain elevated (new cycle highs) and soft crude is a clear CAD negative.” “Our FV estimate for USDCAD based on these variables is tracking obstinately higher (1.1870 today) even as the spot rate is trying to push onto a 1.15 handle.” “Technically, we can see grounds for a little more softness in USDCAD near-term, with the USD well capped in the upper 1.16s this week. But fundamentally, we see little reason for optimism on the CAD; something will have to give—either spreads and commodities improve in the CAD’s favour or the CAD will shortly be trading at new lows versus the USD.” “Today’s Canadian data—which we expect to deliver some mixed signals on the economy—is unlikely to help resolve the short-term uncertainty for funds on the basis of our forecasts (see above).” “Broadly, the numbers should reinforce the trading range that has developed in the past few sessions but our gut feeling is that slippage in USDCAD should remain limited and that minor dips remain a buy.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 19, 2014 OctaFX.Com News Updates
  9. Morgan Stanley: Where to target EUR/USD in 2015? – eFXnews FXStreet (Barcelona) - The eFXnews team, notes Morgan Stanley anticipates EUR to come under pressure over 2015, forecasting the EUR/USD pair to extend downwards towards the 1.12 area. Key Quotes “The renewed pressure on the EUR does not end with monetary policy expectations and market indicators. Political uncertainty is also likely to build following the first round of the Greek presidential election.” “As a result, we expect the EUR to come under continued pressure over the coming year and reiterate our view of EURUSD extended towards the 1.12 area. This base case projection assumes no QE from the ECB and is formed around the scenario that the current announced measures are set to weaken the EUR via portfolio outflows, increased bank lending (EUR used as a funding currency) and currency hedging of outstanding positions.” “However, if the ECB does move to QE in the coming months, this would likely take us to our 1.12 target more rapidly and put the focus on our EUR bear case scenario, where we project EURUSD down to 1.05 for end-2015.” This content has been provided under specific arrangement with eFXnews. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 19, 2014 OctaFX.Com News Updates
  10. AUD/USD retreats, unable to rise above 0.8200 FXStreet (Córdoba) - AUD/USD is moving sideways on Friday, on a quiet session so far. The pair moved to the upside during the Asian session but found resistance below 0.8200. From 0.8190 it moved to the downside but managed to find support slightly above 0.8145 (yesterday’s American session low) and it was trading 0.8155/60, marginally lower for the day. The aussie remains steady on Friday against the US consolidating near 4-year lows, headed toward the fourth weekly decline in a row. AUD/USD technical levels To the upside resistance levels might be located at 0.8190 (daily high) and above here at 0.8205 and 0.8235 (Dec 17 high). On the opposite direction, support levels could lie at 0.8140, 0.8115 and below here at 0.8100/05 (Dec 17 low). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 19, 2014 OctaFX.Com News Updates
  11. GBP/USD at day’s low as UK public sector net borrowing rises FXStreet (Mumbai) - The GBP/USD pair has slipped to the day’s low after the official data in the UK showed the budget deficit widened again in November, although by far less than had been expected by economists. The pair is now down 0.13% to trade at 1.5651 levels, after failing to extend gains above 1.5680 levels. Public sector net borrowing - excluding state-controlled banks - was GBP 14.1 billion last month, from a revised figure of GBP 7.1 billion in October. Economists had forecast borrowing to increase to GBP 15.1 billion. Earlier this month, the Office for Budget Responsibility raised its forecast for borrowing this year to GBP 91.3 billion from GBP 86.6 billion previously. Earlier today, the Pound was also weighed down by the disappointing Gfk consumer confidence data. GBP/USD Technical Levels The pair has an immediate support located at 1.56, under which losses could be extended to 1.5547 levels. Meanwhile, resistance is seen at 1.5682 and 1.5750 levels. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 19, 2014 OctaFX.Com News Updates
  12. OctaFX.com-OctaFX Christmas and New Year trading schedule! Due to the approaching holidays, we would like you to be aware of our special Christmas and New Year trading schedule and Customer Support operating hours. Please, consider this schedule while planning your trading: OctaFX Technical Department would also like you to be informed that due to Christmas and New Year holidays, we have altered trading schedule for XAU/USD and XAG/USD trading instruments. For your convenience, we provide you with this timetable (all times are EET, Server time): Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day. We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to support@octafx.com Happy Holidays & Profitable Trading with OctaFX! Stand out for outstanding with OctaFX! Please stay tuned for the news and updates from OctaFX! Thank you for choosing OctaFX as your top-notch Forex Broker!
  13. United States CB Leading Indicator (MoM) above expectations (0.5%) in November: Actual (0.6%) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  14. EUR/GBP drops further below 0.7860 FXStreet (Córdoba) - EUR/GBP weakened after better-than-expected economic data from the United Kingdom and fell further after Wall Street opening bell. Recently printed a fresh weekly low at 0.7835. While the pound remains resilient in the market, the euro is among the worst performers affected by expectations of more easing from the European Central Bank. The pair is falling for the third day in a row and is having the worst decline since February. Currently trades at 0.7839, down more than 1%. EUR/GBP eyes December lows From Monday’s high the pair dropped 165 pips and approached an important support area located around 0.7830, where December lows lie. Below here, the next potential support could be located at 0.7795 (November lows). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  15. Russia Central Bank Reserves $ down to $414.6B from previous $416.2B Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  16. Wall Street likely to extend Post Fed rally FXStreet (Mumbai) - After positing gains in the previous session, the stock markets in the US appear poised for another positive day as indicated by the action in the US index futures. At the time of writing, the DJIA futures are up 1.30%, while the S&P 500 futures are up 1.28%. The NASDAQ futures advanced 1.41%, along with a 1.40% gain in the Russell futures. Accordingly, the VIX futures declined 4.27%. The stocks would also be buoyed by a report from the Labor Department showing an unexpected drop in initial jobless claims in the week ended December 13th. Initial Jobless claims slipped to 289K, a decrease of 6,000 from the previous week's revised level of 295K. In overseas trading, Asian stocks moved mostly higher, with Nikkei gaining more than 2%, while Hong Kong's Hang Seng Index ending 1.1% higher. Meanwhile, major European markets are also seeing significant strength on the day. The German Dax Index is up by 2.1%, while the French Cac is up 2.7%, while the London’s Ftse is up 1.3%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  17. The 10-yr Treasury yield in the US rises above 2.2% FXStreet (Mumbai) - The 10-yr yield Treasury in the US extended gains post an upbeat US weekly jobs data to trade above the 2.2% mark. The 10-yr yield is now up 6.5 basis points at 2.215%, after having recovered from a low of 2.009% hit on Tuesday. Yields shot up after the Federal Reserve indicated possibility of a sooner-than-expected policy tightening in the US in case the economy continues to recover rapidly. Meanwhile, yields extended gains after the Initial Jobless claims slipped to 289K, a decrease of 6,000 from the previous week's revised level of 295K. The yields may extend gain if the preliminary Markit US services PMI in December prints higher than the median estimate of 56.3. 10-yr Treasury yield Technical Levels The immediate resistance is seen at 2.236% (Dec. 4 low), above which gains could be extended to 2.273% (Nov. 10 low). Meanwhile, support is seen at 2.15% (Dec. 1 low) and 2.10% respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  18. USD/CNY neutral bias – BTMU FXStreet (Barcelona) - Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, forms a neutral outlook for USD/CNY, anticipating thin liquidity in the week ahead due to PBOC signalling their preference for a weak Yuan. Key Quotes “Aside from the resolution of uncertainties surrounding Japan's elections and the FOMC, we think this week PBOC has also more clearly signaled its yearend USD/CNY preferences. which is likely to be to show a 2-3% yuan depreciation for this year. While we would hazard a guess the next day or two could see USD/CNY down, as has been typical whenever USD/CNY made a spirited move up the past two months, liquidity will really begin to thin next week so it seems more sensible to stay neutral.” “Aside from the oiler bidding we've discussed for two weeks, what's probably even more impressive to us has been the seeming absence of USD supply on several days. If it's not outright capital outflows from China at this stage, we can't shake the feeling there will be a reversal coming sometime in the next couple of months. In this environment our core bias is to stay long gamma.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  19. Philadelphia Fed Manufacturing Survey declines to 24.5 in December FXStreet (London) - The Philadelphia Fed’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased 16 points, from a reading of 40.8 in November to 24.5 this month. The regional reserve bank’s survey also showed that new orders and current shipments indexes also weakened significantly. The demand for manufactured goods, as measured by the current new orders index, decreased 20 points, from a reading of 35.7 last month to 15.7 this month. Shipments also fell, with its index falling 16 points to 16.1. Despite these declines from November, all the broad current activity indexes show a positive trend over the course of the current year. According to the survey, input price pressures were reported to be slightly lower than last month’s: The prices paid index fell 3 points to 14.0 in December. Most firms reported that input prices were unchanged. With respect to prices received for manufactured goods, about 18 percent of the firms reported higher prices in December, and the index rose 1 point, to 12.5. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  20. No signs for a beginning of any bearish moves for treasuries – RBS FXStreet (Barcelona) - William O’Donnell of RBS, notes that the recent sell-off in treasuries doesn't point towards the beginning of a bearish phase, and further anticipates potentially weaker numbers ahead to keep the sell-off muted. Key Quotes “I see NO signs that the ~30hr sell-off in Treasuries is the beginning of a new bear move. Indeed, we have some potentially weak numbers up ahead that should mute any sell-off.” “Looking at positioning, sentiment and momentum right now, it's still my guess that the start of the bear move is Q1 2015's business, perhaps aligning well with the notably bearish US rates seasonals that begin in late January and extend into mid-May.” “But for now, I still lug around the notion that it's too late to buy Treasuries and too early to sell them for a bigger bear move. This sounds wishy-washy but how can anyone have any trend confidence when the Fed still searches for theirs?” “5s (1.64%)– Next support comes in at 1.70% (where we were Monday last week) and then it gets stronger at 1.80% and just above. First resistance emerges at 1.47% and then major resistance lines up at ~1.27%. Daily momentum is bearish again.” “10s (2.18%)–Next resistance comes in at the flash crash lows ~1.86%. Next support comes in ~2.40% with major support at 2.66% after that. Daily momentum is bearish.” “30s (2.77%)– Bonds don't have any solid support until 3.105%, the November "lows." Next resistance is at ~2.50%, the all-time rate lows for bonds. Daily momentum is now bearish.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  21. EUR/USD approaches 2014 lows FXStreet (Córdoba) - EUR/USD weakened during the last hours and dropped to 1.2264, reaching a fresh weekly low after another decline in US initial jobless claims. The pair approached 2014 low that lie at 1.2246. Currently the euro is trading below 1.2280 as it remains under pressure amid expectations of more announcements by the European Central Bank in the next meeting. The currency has been unable to appreciate despite the fact that European markets are rising sharply, with the Dax up 2.20% and the Cac 40 climbing 2.77% EUR/USD significant reversal Last week, before rising above 1.2500, bottomed at 1.2245, reaching the lowest price since August 2012. On Tuesday EUR/USD peaked at 1.2569 and since then dropped more than 300 pips. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  22. USD/JPY climbs above 119.00 after jobless claims FXStreet (Córdoba) - USD/JPY edged a tad higher and managed to regain the 119 mark after data showed US jobless claims unexpectedly declined last week. Claims for unemployment benefits dropped by 6,000 to 289,000 last week, versus 295,000 expected. Data gave the dollar a mild boost and sent USD/JPY back above 119.00. USD/JPY is currently trading at the 119.10 zone, up 0.40% on the day, having reached a daily high of 119.16 so far. USD/JPY has been moving away from 1-month lows over the last sessions, resuming its upward bias after staging a year-end correction from a 7-year high 121.83. USD/JPY technical levels As for near-term levels, USD/JPY could find immediate resistances at 119.55 (Dec 11 high) and 120.00 (psychological level), while supports are seen at 118.25 (daily low) and 118.00 (psychological level/Dec 16 high). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  23. USD/CHF retreats to 0.9755 and rises back above 0.9800 FXStreet (Córdoba) - USD/CHF jumped after the Swiss National Bank introduced negative interest rates on sight deposits to 0.9847, hitting levels last seen in July 2012, and then pulled back. From the highs retreated almost a hundred pips and found support at 0.9755. Ahead of the release of US economic data the pair is trading back above 0.9800 and holds a bullish tone. The Swiss franc is the worst performer across the board on Thursday so far, falling particularly against commodity currencies. USD/CHF challenging 0.9800 On a wider perspective the pair is also moving with a clear upside bias, making higher lows and higher highs, on a monthly basis, since July. Early on December traded momentarily on top of 0.9800 but failed to consolidate and retreated; now the pair could post the first daily close above in two years. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  24. Dollar mixed as markets digest FOMC and SNB – BBH FXStreet (Barcelona) - USD trades mixed today as markets digest the FOMC rhetoric and SNB’s shift to negative rates, with AUD and NOK outperforming, and EUR and CHF underperforming. Key Quotes “Markets are digesting the FOMC outcome. Our heuristic approach to the Federal Reserve is that the policy thrust emanates from the core leadership, which presently is Yellen, Fischer and Dudley. What follows from that simple observation is that the FOMC statement is the clearest expression of policy. The forecasts (dot plot) and the minutes from the meeting dilute and distort that policy signal.” “This is especially relevant now. There is a rotation of regional presidents with voting authority next year. Moreover, all three of the dissenting presidents (three of the five) have reportedly signaled plans to leave the Fed.” “We continue to see the most likely scenario for the first rate hike in June. We acknowledge some risk that the hike is delivered in September instead. Barring a significant surprise, the choice between the two meetings will be data-driven.” “The Swiss National Bank announced a negative 25 bp interest rate on sight deposits and lowered the 3-month Libor range to -0.75% to 0.25%. Although SNB President Jordan revealed that it was inflows from Russia that compelled it to intervene in recent days, the fact of the matter is that the negative rate goes into effect the same day as the ECB's next meeting, January 22.” “The announcement took the market by surprise. The SNB had given no clues at last week's quarterly review. The euro immediately shot up to CHF1.21 from just above the floor of CHF1.20. Nearly as quickly the gains were retraced, leaving the euro near CHF1.2040.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
  25. EUR/USD moves off lows but lacks momentum FXStreet (Córdoba) - EUR/USD briefly dropped below the 1.2300 level and hit a fresh 10-day low of 1.2277, from where it bounced to trim intraday losses. EUR/USD managed to move off lows but the recovery lacked follow-through as the euro remains vulnerable amid prospects the ECB might take additional easing measures next month. At time of writing, the pair is trading at 1.2310, recording a 0.24% loss on the day. EUR/USD levels to watch As for technical levels, EUR/USD could find immediate resistances at 1.2350 (daily high), 1.2400 (psychological level) and 1.2415 (21-day SMA). On the other hand, supports could be found at 1.2277 (daily low), 1.2247 (2014 low Dec 8) and 1.2200 (psychological level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Dec 18, 2014 OctaFX.Com News Updates
×
×
  • Create New...