Forex: EUR/USD gathering pace around 1.3020

FXstreet.com (Barcelona) - The shared currency is extending its corrective upside from session lows around 1.2990 to the current area of 1.3015/20 as the NA session draws to a close.

Moving forward Friday’s docket, the BoJ will hold its monetary policy meeting, followed by German Import Prices, French Consumer Confidence and a measure of the M3 Money Supply in the euro area. The most relevant release will be the flash figures of the annualized US GDP for the first quarter, expected at 3.0%, ahead of the Reuters/Michigan index (73.2 exp.)

At the moment the cross is up 0.04% at 1.3020 with the next resistance at 1.3130 (high Apr.19) ahead of 1.3202 (high Apr.16) and finally 1.3229 (50% of Feb-Apr slide).
On the downside, a breach of 1.2997 (MA21d) would expose 1.2954 (low Apr.24) and then 1.2944 (MA200d).

Apr 25, 2013

Forex Flash: EUR/USD shows no intention to move in either direction - UBS

For more than a week EURUSD is now flirting around 1.3000 and shows no intention to move in either direction, up or down, according to the UBS analyst team. "On Thursday the fall of EURGBP was also felt in EURUSD, bringing the rate down from 1.3080 to 1.3000", they comment. "Before that, it was driven higher by concerns about the US economic recovery".

Forex: USD/CHF falls below 0.9450 after rejecting 0.9485

The US Dollar is currently trading lower against the Swiss Franc with the USD/CHF falling around around 35 pips from intra-day high at 0.9485 to traded below the 0.9450 at 0.9440. The pair rose from 0.9420 to peak at 0.9485 following the US jobless claims data but pair was unable to hold positions and at this moment the cross is pricing at 0.9445.