The euro declined yesterday namely after the results that came from the U.S relating to retail sales showing an increase. However immediately after such positive results from the U.S the pairing showed very little activity and has continued to be flat for the majority of the Asian trading session. The euro to a certain extent is increasing coming under the spotlight in the eyes of traders and investors. European Central Bank official Christian Noyer emphasized on comments made by Mario Draghi by stating that the ECB is ready to take sufficient action to avoid a long stretch of low inflation. It is to be noted that if such matters occur investors and traders may see a decline in the strength of the euro against the dollar. The financial events to look out for today are the German ZEW Economic Sentiment at 9.00am GMT, do note that a better than expected reading may favor the pairing to rise. Also Fed Chair Yellen Speaks at 2.45pm GMT whose comments will be deeply scrutinized. Today EUR/USD has support of 1.3780 and resistance of 1.3860.
Trend Slight Downwards
GBP/USD
The pairing has seen some downward movement ever since the trading session in the U.S opened yesterday. Such a movement to the detriment of the pound was triggered by the positive figures that was released relating to retail sales in the U.S. Today traders and investors will be keenly waiting for the report on U.K inflation to be released in order to gain some sort of insight towards the strength or ultimately weakness of the pound. It will be interesting to observe as to whether the Bank of England may act in the light of a higher than expected inflation rate or continue with its current policy of quantitative easing. The financial events to look out for today are CPI y/y at 8.30am GM. Then Fed Chairwoman Yellen Speaks at 2.45pm GMT. Today GBP/USD has a support of 1.6690 and a resistance of 1.6730
Trend Slight Downwards
USD/JPY
The positive U.S. retail sales report yesterday gave the pairing a push upwards in favor of the dollar. In Asian trading today the pairing has remained to a certain extent flat, no necessarily going in any noticeable direction. It will be interesting to see whether the comments for Federal Reserve Chair Janet Yellen later this afternoon will have a positive or negative impact on the pairing, depending very much as to whether fresh insight towards U.S monetary policy. Today will be a very quiet day in terms of financial news events. Traders and investors will also be in anticipation of the meeting to take place with Bank of Japan Governor to speak later this week. The financial events to look out for is Fed Chair Yellen Speaks at 2.45pm GMT. Today USD/JPY has support of 101.30 and resistance of 102.00.
April 15, 2014 – Forex News
Hot Asset For Today: GBP/USD
EUR/USD
The euro declined yesterday namely after the results that came from the U.S relating to retail sales showing an increase. However immediately after such positive results from the U.S the pairing showed very little activity and has continued to be flat for the majority of the Asian trading session. The euro to a certain extent is increasing coming under the spotlight in the eyes of traders and investors. European Central Bank official Christian Noyer emphasized on comments made by Mario Draghi by stating that the ECB is ready to take sufficient action to avoid a long stretch of low inflation. It is to be noted that if such matters occur investors and traders may see a decline in the strength of the euro against the dollar. The financial events to look out for today are the German ZEW Economic Sentiment at 9.00am GMT, do note that a better than expected reading may favor the pairing to rise. Also Fed Chair Yellen Speaks at 2.45pm GMT whose comments will be deeply scrutinized. Today EUR/USD has support of 1.3780 and resistance of 1.3860.
Trend Slight Downwards
GBP/USD
The pairing has seen some downward movement ever since the trading session in the U.S opened yesterday. Such a movement to the detriment of the pound was triggered by the positive figures that was released relating to retail sales in the U.S. Today traders and investors will be keenly waiting for the report on U.K inflation to be released in order to gain some sort of insight towards the strength or ultimately weakness of the pound. It will be interesting to observe as to whether the Bank of England may act in the light of a higher than expected inflation rate or continue with its current policy of quantitative easing. The financial events to look out for today are CPI y/y at 8.30am GM. Then Fed Chairwoman Yellen Speaks at 2.45pm GMT. Today GBP/USD has a support of 1.6690 and a resistance of 1.6730
Trend Slight Downwards
USD/JPY
The positive U.S. retail sales report yesterday gave the pairing a push upwards in favor of the dollar. In Asian trading today the pairing has remained to a certain extent flat, no necessarily going in any noticeable direction. It will be interesting to see whether the comments for Federal Reserve Chair Janet Yellen later this afternoon will have a positive or negative impact on the pairing, depending very much as to whether fresh insight towards U.S monetary policy. Today will be a very quiet day in terms of financial news events. Traders and investors will also be in anticipation of the meeting to take place with Bank of Japan Governor to speak later this week. The financial events to look out for is Fed Chair Yellen Speaks at 2.45pm GMT. Today USD/JPY has support of 101.30 and resistance of 102.00.
Related Posts: