OctaFX | OctaFX Forex Broker
    Entrar
      Abrir conta
      Back

      Forex: EUR/NOK bouncing off lows, above 7.3800

      A bout of appreciation of the Norwegian krone followed the release of the inflation figures in Norway during January, where the CPI rose 1.3% on a yearly basis, a tad lower than December’s +1.3%. The Core print advanced 1.2% YoY vs. 1.1%. Producer prices contracted sharply during the same period, 2.4%, extending the previous fall of 0.2%.

      “We think that EUR/NOK has some downside potential this week after Draghi removed some euro support last week”, commented C.Tuxen, Senior Analyst at Danske Bank.

      At the moment, the cross is losing 0.24% at 7.3830 with the next support at 7.3570 (low Jan.14) ahead of 7.3415 (high Jan.4) and finally 7.2953 (Lower Bollinger).
      On the upside, a break above 7.4680 (high Feb.1) would clear the path to 7.4770 (2013 high Jan.18) and 7.4846 (high Oct.26 2012).

      Forex: EUR/CHF in session highs around 1.2330

      The Swiss franc is rapidly losing ground against its European counterpart on Monday, pushing the cross from the area around 1.2285 to session highs at 1.2333...
      Leia mais Previous

      Forex: USD/MXN finds bids around 12.7500

      The Mexican peso is now reverted the upside against its northern neighbour, pushing the pair from the proximities of 12.7500 to the current levels around 12.7650...
      Leia mais Next
      Start livechat