OctaFX | OctaFX Forex Broker
Entrar
Abrir conta
Back

Forex: EUR/USD jumps to 1.3390 on Weidmann

The single currency left the area around the mid 1.33s to quickly climb to levels shy of 1.3400 ahead of the opening bell in London, after BUBA’s J.Weidmann commented that the ECB will not cut interest rates just to weaken the euro and he sees a gradual recovery in the second half.

Optimism is slowly attempting to install among investors after Thursday’s worrisome data from EMU GDP and later comments by ECB’s Constancio, hinting at the likeliness of negative interest rates.

As of writing, the pair is up 0.12% at 1.3380 facing the next resistance at 1.3442 (MA21d) ahead of 1.3472 (MA10d) and then 1.3520 (high Feb13).
On the flip side, a breach of 1.3300 (psychological level) would expose 1.3265 (low Jan.23) and finally 1.3251 (Lower Bollinger).

ECB won't cut rate just to weaken Euro, says ECB's Weidmann

ECB's Weidmann says the ECB won't cut the interest rate just to weaken the Euro, says ECB will refrain from manipulating Euro.
Leia mais Previous

Asian markets mixed, Japan's Nikkei falls on speculation about next BoJ Governor

Japan's Nikkei Stock Average eased -1.19% on Friday amid reports that Toshiro Muto might become the new BoJ Governor, while candidates such as Iwata or Kuroda are viewed as more radical in their approach to policy easing, and so the potential appointment of Muto would likely disappoint yen bears.
Leia mais Next
Começar chat ao vivo