On Tuesday, the EUR/USD tested its resistance at 1.3000 as the U.S. Dollar weakened against its major peers. The 2-day FOMC meeting has started and the market is speculating over possible results. Despite the fact that most analysts believe that comments will be hawkish, we can see the market is cautious. Today, at 9.00AM (GMT) the EU Final CPI will be released and is expected to show an increase of 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 prepare for significant movement on the U.S. Dollar as the FOMC Statement will be released.
The movement is sideways. Support is found at 1.2885 and resistance at 1.3000.
GBP/USD
The GBP/USD moved higher during yesterday’s trading hours. During the first half of the day we saw pressure on the British Pound and we expect the currency to move significantly tomorrow as the result of the vote over Scotland will be released. Despite the surveys, most analysts believe that the result of the vote will be No, and therefore we could see upwards pressure.
Today, pay attention to the U.K Claimant Count Change which will come out at 8.30AM (GMT). The prediction is to see a 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. 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 tested its resistance at 1.3000 as the U.S. Dollar weakened against its major peers. The 2-day FOMC meeting has started and the market is speculating over possible results. Despite the fact that most analysts believe that comments will be hawkish, we can see the market is cautious. Today, at 9.00AM (GMT) the EU Final CPI will be released and is expected to show an increase of 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 prepare for significant movement on the U.S. Dollar as the FOMC Statement will be released.
The movement is sideways. Support is found at 1.2885 and resistance at 1.3000.
GBP/USD
The GBP/USD moved higher during yesterday’s trading hours. During the first half of the day we saw pressure on the British Pound and we expect the currency to move significantly tomorrow as the result of the vote over Scotland will be released. Despite the surveys, most analysts believe that the result of the vote will be No, and therefore we could see upwards pressure.
Today, pay attention to the U.K Claimant Count Change which will come out at 8.30AM (GMT). The prediction is to see a 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. Support is found at 1.6200 and resistance at 1.6325.
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