On Monday, the EUR/USD pair moved below 1.2900 and fell to 1.2865. The movement was driven by stronger U.S. Dollar which advanced as Treasury yields rose. Already past two weeks we see a bullish pattern in the U.S equities which are boosted by positive speculation over interest rate hike next year. The dollar might climb even higher before next week Fed meeting. Today we should pay attention to the U.S. JOLTS Job Openings which will be released at 2.00PM (GMT). The movement is sideways. The support is found at 1.2840 and resistance at 1.2920.
The GBP/USD has continued its downwards movement and during yesterday’s trading hours erased additional 50 pips. The pair declined as low as 1.6065 and now might decrease towards its new psychological resistance 1.6000. Despite the fact that the pair was earlier driven by British pound which strongly depreciated on the back of possible Scottish independence, the movement from yesterday was created mainly by stronger U.S. Dollar. Today, we should pay attention to two very important events: U.K. Manufacturing Production at 8.30AM (GMT) and speech of Mark Carney which will take place at 10.45AM (GMT). The trend is slightly bearish. The support is found at 1.6000 and resistance at 1.6185.
September 9, 2014 – Forex News
Hot Asset For Today: GBP/USD
On Monday, the EUR/USD pair moved below 1.2900 and fell to 1.2865. The movement was driven by stronger U.S. Dollar which advanced as Treasury yields rose. Already past two weeks we see a bullish pattern in the U.S equities which are boosted by positive speculation over interest rate hike next year. The dollar might climb even higher before next week Fed meeting. Today we should pay attention to the U.S. JOLTS Job Openings which will be released at 2.00PM (GMT). The movement is sideways. The support is found at 1.2840 and resistance at 1.2920.
The GBP/USD has continued its downwards movement and during yesterday’s trading hours erased additional 50 pips. The pair declined as low as 1.6065 and now might decrease towards its new psychological resistance 1.6000. Despite the fact that the pair was earlier driven by British pound which strongly depreciated on the back of possible Scottish independence, the movement from yesterday was created mainly by stronger U.S. Dollar. Today, we should pay attention to two very important events: U.K. Manufacturing Production at 8.30AM (GMT) and speech of Mark Carney which will take place at 10.45AM (GMT). The trend is slightly bearish. The support is found at 1.6000 and resistance at 1.6185.
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