The EUR/USD has been ranging in the upward direction after climbing substantially yesterday due to worse than expected US GDP data. At the moment, significant movement is limited by the lack of data affecting the pair. At 12:30 GMT, Initial Jobless claims data and Personal Spending data from America come out. Thus, markets may begin to move a little more after the release of this information. Until then, look for support at 1.3564 and resistance at 1.3651.
The USD/JPY also was affected by the decline in the dollar yesterday. Now, however, the pair is set to range with a slight upward bias as it attempts to retrace some of its losses. US data later today may help if it comes out better than expected, though most of the information being published today concerning this pair will be from Japan. At 23:30 GMT, Japanese National CPI, Tokyo CPI, and Household spending data will be released. At 23:50 GMT, Japanese retail sales data will be published. For now, look for support at 101.60 and resistance at 102.20.
June 26, 2014 – Forex News
Hot Asset For Today: USD/JPY
The EUR/USD has been ranging in the upward direction after climbing substantially yesterday due to worse than expected US GDP data. At the moment, significant movement is limited by the lack of data affecting the pair. At 12:30 GMT, Initial Jobless claims data and Personal Spending data from America come out. Thus, markets may begin to move a little more after the release of this information. Until then, look for support at 1.3564 and resistance at 1.3651.
Related Posts: