On Tuesday, the EUR/USD pair tested its 1.3000 resistance as the U.S. Dollar weakened against major peers. The 2-day FOMC meeting has already started and market reacted with some speculation over possible results. Despite the fact, that most of the analyst believe in some hawkish talks, we can see that the market is more cautious about that. Today, at 9.00AM (GMT) the EU Final CPI will be released and is expected to be 0.3% which would be the lowest since November 2009. At 12.30PM (GMT) we should pay attention to the U.S. inflation data and at 6.00PM (GMT) we should be prepare for a significant movement on the U.S. Dollar as the FOMC Statement will be released. The movement is sideways. The support is found at 1.2885 and resistance at 1.3000.
The GBP/USD end up higher during yesterday’s trading hours. First half of the day we saw more pressure on the British Pound which expect to move significantly tomorrow with the voting result about Scotland. Despite the surveys, most of the analyst believes that the result of the vote will be No, and therefore we should be able to see more upwards pressure. Today, we should pay attention to the U.K Claimant Count Change which will come out at 8.30AM (GMT). The prediction is to see slightly worse result than in previous readings. Other important events today will be the U.S. CPI and FOMC Statement report.The trend is slightly bullish. The support is found at 1.6200 and resistance at 1.6325.
September 17, 2014 – Forex News
Hot Asset For Today: EUR/USD
On Tuesday, the EUR/USD pair tested its 1.3000 resistance as the U.S. Dollar weakened against major peers. The 2-day FOMC meeting has already started and market reacted with some speculation over possible results. Despite the fact, that most of the analyst believe in some hawkish talks, we can see that the market is more cautious about that. Today, at 9.00AM (GMT) the EU Final CPI will be released and is expected to be 0.3% which would be the lowest since November 2009. At 12.30PM (GMT) we should pay attention to the U.S. inflation data and at 6.00PM (GMT) we should be prepare for a significant movement on the U.S. Dollar as the FOMC Statement will be released. The movement is sideways. The support is found at 1.2885 and resistance at 1.3000.
The GBP/USD end up higher during yesterday’s trading hours. First half of the day we saw more pressure on the British Pound which expect to move significantly tomorrow with the voting result about Scotland. Despite the surveys, most of the analyst believes that the result of the vote will be No, and therefore we should be able to see more upwards pressure. Today, we should pay attention to the U.K Claimant Count Change which will come out at 8.30AM (GMT). The prediction is to see slightly worse result than in previous readings. Other important events today will be the U.S. CPI and FOMC Statement report.The trend is slightly bullish. The support is found at 1.6200 and resistance at 1.6325.
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