On Friday the EUR/USD the pair moved sideways between 1.3665 and 1.3735 without high volatility. Today we might see some good trading opportunities as the German Ifo Business Climate is coming out at 9.00AM (GMT). The expectation is to see the highest figure since July 2011 and that might help the pair to growth up. However we might see some worse-than-expected number and in that case the pair might fall back below 1.3600. The support is lying at 1.3645 and resistance at 1.3740.
The USD/JPY pair erased part of its previous movement down and climbed to 102.70. The Japanese Monetary Policy Meeting Minutes did not surprise the market as BoJ continue with monetary stimulus in a full pace as long as the inflation remains below 2%. That is quite negative for Yen but we should now watch the stocks. If the bearish mood remains on the stock the USD/JPY might go down again. The support is lying at 101.90 and resistance at 103.05.
January 27, 2014 – Forex News
Hot asset for today: EUR/USD
On Friday the EUR/USD the pair moved sideways between 1.3665 and 1.3735 without high volatility. Today we might see some good trading opportunities as the German Ifo Business Climate is coming out at 9.00AM (GMT). The expectation is to see the highest figure since July 2011 and that might help the pair to growth up. However we might see some worse-than-expected number and in that case the pair might fall back below 1.3600. The support is lying at 1.3645 and resistance at 1.3740.
The USD/JPY pair erased part of its previous movement down and climbed to 102.70. The Japanese Monetary Policy Meeting Minutes did not surprise the market as BoJ continue with monetary stimulus in a full pace as long as the inflation remains below 2%. That is quite negative for Yen but we should now watch the stocks. If the bearish mood remains on the stock the USD/JPY might go down again. The support is lying at 101.90 and resistance at 103.05.
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