Forex: EUR/USD threatening 1.3000

Renewed selling interest in the shared currency is weighting on the cross, dragging it to the boundaries of the psychological mark of 1.3000 on Monday, after the French industrial production posted a monthly contraction of 1.2% in January, missing estimates at +0.1% and down from December’s -0.1%.

EUR/USD is now advancing 0.06% at 1.3003 with the next resistance at 1.3044 (MA10d0 followed by 1.3126 (MA100d) and then 1.3135 (high Mar.8).
On the downside, a breach of 1.2956 (low Mar.8) would open the door to 1.2929 (low Dec.11) and finally 1.2881 (low Dec.10).

Mar 11, 2013

Forex: USD/CHF looks at 0.9500 as European data comes in

With a 6-month high printed at 0.9552 on Friday's up move triggered by stronger US Nonfarm Payrolls, the USD/CHF is moving sideways and under a tight range since the start of the week. European money is attracting the price for a test of the 0.9500 mark.

Forex: USD/JPY tests 96.00 after last week's ride to the upside

After being sent to 2008 levels on Friday, on stronger US NFP data and improving risk sentiment in the Eurozone, the USD/JPY hit its high at 96.56. Since then, the market is consolidating its position and as European money gets in, the 96.00 mark is being tested.