Forex: EUR/USD back above 1.3000

A sudden boost of risk appetite is pushing the cross back above the key mark of 1.3000 after the opening bell in London on Thursday, leaving the comfort zone around 1.2985/90 that prevailed overnight.

Further results in the euro area showed the French trade deficit widened to €5.9 billion during January from €5.4 billion in the previous month.

EUR/USD is now advancing 0.36% at 1.3015 facing the next resistance at 1.3057 (MA10d) followed by 1.3075 (high Mar.5) and then 1.3101 (high Mar.1).
On the downside, a break below 1.2970 (low Mr.7) would bring 1.2966 (2013 low Mar.1) en route to 1.2929 (low Dec.11).

Mar 7, 2013

Forex Flash: BoJ opts for open-ended asset purchases – UBS

The Bank of Japan made no changes to policy settings overnight, as widely expected. It was Governor Shirakawa's last policy decision before his resignation takes effect on March 19, though there was some dissent however. Board Member Shirai voted in favor of beginning open-ended asset purchases immediately rather than waiting until 2014 and combining the APP and Rinban operations into a single program.

Forex: USD/CHF falls to 0.9472/74 ahead of Jordan speech

The USD/CHF failed to overtake the 0.9500 level during European trading Thursday, having peaked at 0.9491 before the pair has pulled back into negative territory, on the heels of Swiss data. After falling near 20 pips in recent moments, the cross is now installed at 0.9472/74, down -0.14% off its opening.