On Wednesday, the EUR/USD pair declined to 1.1330 level before FOMC Meeting Minutes came out. The pair was driven by optimistic speculations over hawkish statement in the FOMC report, however, the actual report turned to be dovish. Despite the fact, that Janet Yellen did not reject the interest rate hike this year, she pointed on factors which needs to improve before Fed will lift the rates. The pair immediately reacted by sharp increase and by now has climbed to 1.1420. Today at 12.30PM (GMT), for the first time ever, European Central bank is going to release their Meeting Minutes report. The report should give us some more details about how ECB decided to expand the monetary stimulus on their last meeting in January 22. Last but not least, we should keep an eye on Greece which is supposed to submit request to extent their bailout. The movement is sideways. The support is found at 1.1320 and resistance is at 1.1445.
Yesterday, the GBP/USD pair jumped up 100 pips and returned back above 1.5440. The reason behind this rally came from UK where the labour data came above expectations and the unemployment rate decreased to 6 years low. The pair has remained bullish as FOMC statement came out more dovish and disappointed traders. Today, we should pay attention to the U.S. Philadelphia Fed Manufacturing Index which will be released at 3.00PM (GMT). If the data shows some stronger figures, the pair might corrected the recent rally and drop below 1.5400. The movement is currently slightly bullish. The support line is found at 1.5325 and resistance line at 1.5485.
February 19, 2015 – Forex News
Hot asset for today: EUR/USD
On Wednesday, the EUR/USD pair declined to 1.1330 level before FOMC Meeting Minutes came out. The pair was driven by optimistic speculations over hawkish statement in the FOMC report, however, the actual report turned to be dovish. Despite the fact, that Janet Yellen did not reject the interest rate hike this year, she pointed on factors which needs to improve before Fed will lift the rates. The pair immediately reacted by sharp increase and by now has climbed to 1.1420. Today at 12.30PM (GMT), for the first time ever, European Central bank is going to release their Meeting Minutes report. The report should give us some more details about how ECB decided to expand the monetary stimulus on their last meeting in January 22. Last but not least, we should keep an eye on Greece which is supposed to submit request to extent their bailout. The movement is sideways. The support is found at 1.1320 and resistance is at 1.1445.
Yesterday, the GBP/USD pair jumped up 100 pips and returned back above 1.5440. The reason behind this rally came from UK where the labour data came above expectations and the unemployment rate decreased to 6 years low. The pair has remained bullish as FOMC statement came out more dovish and disappointed traders. Today, we should pay attention to the U.S. Philadelphia Fed Manufacturing Index which will be released at 3.00PM (GMT). If the data shows some stronger figures, the pair might corrected the recent rally and drop below 1.5400. The movement is currently slightly bullish. The support line is found at 1.5325 and resistance line at 1.5485.
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