The euro throughout the course of the last trading session in the U.S and more recently during the Asian session has been completely flat, not moving in any particular direction. Although little activity is seen the pairing is rising upwards to the detriment of the dollar. As with yesterday’s positive reading of the French trade balance report coming out better than expected, this morning the figures for the trade balance in Germany are due out. On being published do expect to see movement in the pairing and perhaps a slight decline if the figure comes out less than expected. Across the pond traders and investors will be waiting anxiously for the FOMC meeting minutes to be released later today which gives an insight of the economic and financial conditions influencing the decisions regarding interest rates. The financial events to look out for today are German Trade Balance at 6.00am GMT and the FOMC Meeting Minutes 6.00pm GMT. Today EUR/USD has support of 1.3745 and resistance of 1.3845.
GBP/USD
The pairing has seen a climb upwards in favor of the pound throughout the course of yesterday’s trading session but remained flat throughout today’s Asian session. The recent industrial Production data released in the U.K yesterday boosted the pound upwards and it will be interesting to see if such an upward trend will continue throughout the course of today on the back upcoming British Trade Balance figures to be released today. On a side note the International Monetary Fund has upgraded its view on economic growth. The financial events to look out for today are British Trade Balance 8.30am GMT. Today GBP/USD has a support of 1.6620 and a resistance of 1.6790.
USD/JPY
The dollar has change its downwards movement to upwards strengthening against the Japanese yen. The fact that yesterday’s figures reporting on U.S jobs openings came out better than expected indicating that economic growth in the U.S is going in the right direction. Despite Bank of Japan Governor Kuroda giving a positive assessment of the Japanese economy, the ultra-loose policy in Japan regarding stimulus increase remains in the back of the minds of traders and investors. Also traders and investors will closely be watching the upcoming release of the meeting minutes from the FOMC to try to dissect additional information from Federal Reserve chair Janet Yellen. The financial events to look out for today is the FOMC Meeting Minutes6.00pm GMT. Today USD/JPY has support of 101.80 and resistance of 102.60.
April 9, 2014 – Forex News
Hot Asset For Today: GBP/USD
EUR/USD
The euro throughout the course of the last trading session in the U.S and more recently during the Asian session has been completely flat, not moving in any particular direction. Although little activity is seen the pairing is rising upwards to the detriment of the dollar. As with yesterday’s positive reading of the French trade balance report coming out better than expected, this morning the figures for the trade balance in Germany are due out. On being published do expect to see movement in the pairing and perhaps a slight decline if the figure comes out less than expected. Across the pond traders and investors will be waiting anxiously for the FOMC meeting minutes to be released later today which gives an insight of the economic and financial conditions influencing the decisions regarding interest rates. The financial events to look out for today are German Trade Balance at 6.00am GMT and the FOMC Meeting Minutes 6.00pm GMT. Today EUR/USD has support of 1.3745 and resistance of 1.3845.
GBP/USD
The pairing has seen a climb upwards in favor of the pound throughout the course of yesterday’s trading session but remained flat throughout today’s Asian session. The recent industrial Production data released in the U.K yesterday boosted the pound upwards and it will be interesting to see if such an upward trend will continue throughout the course of today on the back upcoming British Trade Balance figures to be released today. On a side note the International Monetary Fund has upgraded its view on economic growth. The financial events to look out for today are British Trade Balance 8.30am GMT. Today GBP/USD has a support of 1.6620 and a resistance of 1.6790.
USD/JPY
The dollar has change its downwards movement to upwards strengthening against the Japanese yen. The fact that yesterday’s figures reporting on U.S jobs openings came out better than expected indicating that economic growth in the U.S is going in the right direction. Despite Bank of Japan Governor Kuroda giving a positive assessment of the Japanese economy, the ultra-loose policy in Japan regarding stimulus increase remains in the back of the minds of traders and investors. Also traders and investors will closely be watching the upcoming release of the meeting minutes from the FOMC to try to dissect additional information from Federal Reserve chair Janet Yellen. The financial events to look out for today is the FOMC Meeting Minutes6.00pm GMT. Today USD/JPY has support of 101.80 and resistance of 102.60.
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