OctaFX | OctaFX Forex Broker
      Abrir conta

      Session Recap: Euro back above 1.3400, USD/JPY slumps

      The euro bounced from levels dub-1.3400 and reached a high of 1.3465 versus the greenback mainly supported by crosses. However, EUR/USD failed to break above that level and saw a short-lived pullback. Meanwhile the yen has had a wild ride in the wake of G7 statement and subsequent clarifications. USD/JPY slid from the 94.40 area toward the 93.20 zone.

      Main Headlines in Europe (in chronological order):

      Robust demand at Spanish debt auction

      G7 statement reiterates opposition to currency manipulation

      SNB's Jordan: Franc cap to remain in place

      European equity markets advance Tuesday

      G7 official says statement was misinterpreted, it signaled concern about yen – RTRS

      Sorting out the yen circus

      BoC's Carney: Economic growth expected to pick up through 2013

      American equity markets pull back Tuesday

      Draghi says Spain has made enormous progress since Nov 2011

      Draghi says will only consider bond buys if there are major problems in mon pol transmission

      Forex Flash: Gilts hover near 20-day MA and support – RBS

      According to Technical Markets Strategist Dmytro Bondar at RBS, “Gilts have stayed in a range between 20-day MA and 115.75 support level – a range breakout will be likely to determine further direction. There are no strong direction signals from the chart. However, as cross-market signals suggest, there is more likelihood of an upside breakout, which means a break of the 20-day moving average. As it was the main limiting factor for the market, a push higher would be likely to trigger a strong move to 117.20 onto possibly 117.78. Alternatively, a downside break would be a signal for a move to 115.67/51.”
      Leia mais Previous

      ECB's Draghi: Spain is on the right track

      ECB head Mario Draghi, who visited Madrid on Friday to speak before Spanish lawmakers and hold talks with PM Mariano Rajoy, said at a press conference that the country was heading towards economic recovery.
      Leia mais Next
      Start livechat