确认您不是来自美国或菲律宾

在此声明,本人明确声明并确认:
  • 我不是美国公民或居民
  • 我不是菲律宾居民
  • 本人没有直接或间接拥有美国居民10%以上的股份/投票权/权益,和/或没有通过其他方式控制美国公民或居民。
  • 本人没有直接或间接的美国公民或居民10%以上的股份/投票权/权益的所有权,和/或受美国公民或居民其他任何方式行使的控制。
  • 根据FATCA 1504(a)对附属关系的定义,本人与美国公民或居民没有任何附属关系。
  • 我知道做出虚假声明所需付的责任。
就本声明而言,所有美国附属国家和地区均等同于美国的主要领土。本人承诺保护Octa Markets Incorporated及其董事和高级职员免受因违反本声明而产生或与之相关的任何索赔。
我们致力于保护您的隐私和您个人信息的安全。我们只收集电子邮件,以提供有关我们产品和服务的特别优惠和重要信息。通过提交您的电子邮件地址,您同意接收我们的此类信件。如果您想取消订阅或有任何问题或疑虑,请联系我们的客户支持。
Octa trading broker
开通交易账户
Back

Forex: EUR/USD- ECB cut, OMT news, but same old range

FXstreet.com (Barcelona) - Despite the attempts of an adventurous Euro, the climb to more pricey quotes this Thursday was abruptly neglected by breaking news uncovered by the German newspaper Handelsblatt.

The German newspaper referred to a confidential document sent to the German constitutional court, in which the Bundesbank rejects, again, the purchases of government bonds via the outright monetary transaction mechanism, also known as OMT.

While one may think a headline of this kind would be too much to shallow for the Euro, the exchange rate felt almost immune to the next, with the catalyst distorting the slow yet steady progress of the pair being more chatter on an ECB rate cut.

Earlier on the American session, risk assets, including the Euro, were initially buoyed by heightened risk appetite on the back of improved US jobless claims, only to end the US session back to the 1.30 magnet.

Commenting on the OMT news, Sebastien Galy, currency strategist at Societe Generale, notes: "The Bundesbank explained that the ECB is not the lender of last resorts to European governments. More precisely it explains how a country's fixed income market and lending system could start to price in the risk of that country leaving, without it necessarily being linked to a problem of monetary transmission, but linked to particularities of a given country. The issue lies at the political level and not that of the mandate of the ECB."

Fundamentally speaking, the Euro continues with its large collection of negative-related news, yet as frustrating as it may be for potential sellers, the shared-currency still holds tightly around the 1.30 area.

The EU shows a large plethora of concerning news, including mounting skepticism over the bloc's growth prospects, directly connected to the chatter of an ECB rate cut, with the case supported by Germany being the last to show weakening data.

Italy's political mess is not fully resolved yet, although some hope remains after the appointment of Centre-left's Mr. Letta as provisional Italian Prime Minister, Spain is again in the limelight as unemployment broke above the psychological 6 million mark in official figure published today, the Cyprus bailout parody, and the list goes on.

Technically, the EUR/USD needs a resolution outside its current choppy box in order to set the next direction on the pair.

As reported by the FXstreet.com team: "Old 1.3120/40 supply continues to cap the upside as seen on April 19, while no relevant demand area is found until 1.2930/1.29 , as per the April 5th drop-base-rally. Since this latter level has yet to be tested since the rally-base-rally from the last NFP report on April 5, expect unfilled buy orders clustered at this level to provide initial decent bounce. Overall, downside pressure shows greater intensity as per impulsive down moves vs corrective run ups."

In view of UBS, EURUSD shows no intention to move in either direction.

""We still think that the upcoming ECB rate cut and the recession in Europe will drive the euro down. This may happen as soon as the foreign demand for Spanish and Italian bonds ebbs down", UBS said.

Forex: EUR/JPY range bound above 129.00 ahead of BoJ

EUR/JPY is last at 129.24, off NY lows at 129.00 round, and inside a narrow band the cross has been trading into for last 2 days, capped below previous weekly close Friday price around 129.85. It has been at this level since April 08, not going any higher than 131.2 since then, record 3-year highs, by the way.
了解更多 Previous

New Zealand Trade Balance (MoM) rises to $718M in Mar from $414M

了解更多 Next