On Friday, the EUR/USD pair slightly reversed the previous fall and on the back of very low Non-Farm payrolls data, the price moved up towards 1.3000. However, the divergence between EU and U.S. monetary policy kept the price low and the pair reversed. In time of writing, the value of EUR/USD is 1.2940. Today there will be several events which may affect the pair. First, we should pay attention to the EU Trade Balance which is coming out at 6.00AM (GMT). At 12.45PM (GMT) we should listen to the speech of U.S. Treasury secretary Jack Lew who will speak about business tax reforms. The movement is sideways. The support is found at 1.2920 and resistance at 1.3220.
The GBP/USD has continued its downwards movement and by now decreased to 1.6150. The price might go even lower as the fears over upcoming Scottish referendum depreciates the British pound. As the week started, we already saw a huge drop and we should expect that the bearish sentiment continue. Today we should pay attention to the U.K. Halifax HPI at 7.00AM (GMT) and speech of Jack Lew. The trend is slightly bearish. The support is found at 1.6130 and resistance at 1.6280.
September 8, 2014 – Forex News
Hot asset for today: GBP/USD
On Friday, the EUR/USD pair slightly reversed the previous fall and on the back of very low Non-Farm payrolls data, the price moved up towards 1.3000. However, the divergence between EU and U.S. monetary policy kept the price low and the pair reversed. In time of writing, the value of EUR/USD is 1.2940. Today there will be several events which may affect the pair. First, we should pay attention to the EU Trade Balance which is coming out at 6.00AM (GMT). At 12.45PM (GMT) we should listen to the speech of U.S. Treasury secretary Jack Lew who will speak about business tax reforms. The movement is sideways. The support is found at 1.2920 and resistance at 1.3220.
The GBP/USD has continued its downwards movement and by now decreased to 1.6150. The price might go even lower as the fears over upcoming Scottish referendum depreciates the British pound. As the week started, we already saw a huge drop and we should expect that the bearish sentiment continue. Today we should pay attention to the U.K. Halifax HPI at 7.00AM (GMT) and speech of Jack Lew. The trend is slightly bearish. The support is found at 1.6130 and resistance at 1.6280.
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