The pairing in all intents and purposes has remained flat with hardly any movement at all throughout this morning’s Asian session. Traders and investors, for quite some time now have been waiting to see whether the European Central Bank will take measures to avoid deflation which may reverse the somewhat slow Euro zone economic recovery. Today in the U.S the Bureau of Labor will release data regarding job openings which may impact the pairing as this is a leading indicator of overall employment in the U.S. The financial events to look out for today are JOLTS Job Openings 2.00pm GMT, FOMC Member Kocherlakota Speaks at 5.30pm GMT and FOMC Member Plosser Speaks at 6.45pm GMT.Today EUR/USD has support of 1.3670 and resistance of 1.3770.
Trend: Sideways
GBP/USD
The pairing has very much been moving sideways. There was not much activity namely due to the fact that traders and investors a waiting for a number of high impact financial events coming from both the U.K and the U.S. This morning the Office of National Statistics in the U.K will be releasing data regarding manufacturing production which on the back of this report may have impact on the pairing. Nevertheless traders and investors will have in the back of their minds, the decision regarding Bank of England interest rates which will be made later this week. Across the pond, later in the afternoon a report regarding job openings will be released which will undoubtedly give an indication as to the somewhat improvement and growth of the U.S labor market. The financial events to look out for today are Manufacturing Production m/m at 8.30am GMT, JOLTS Job Openings 2.00pm GMT. Today GBP/USD has a support of 1.6550 and a resistance of 1.660.
Trend: Slight upwards
USD/JPY
The pairing has seen movement namely due to the fact that the pairing in the face of the decision of BoJ. Earlier today the Bank of Japan monetary policy decision to refrain from increasing any more stimulus was namely due to the fact officials in the Bank of Japan wish to assess the impact of the rise in the sales tax implemented recently. Such a decision clearly move in favor of the yen as expected by investors and traders. Governor Kuroda hinted that in the next few months it is inevitable that he will take additional stimulus measures. Such a step may be implemented in the June-July meeting. The financial events to look out for today are JOLTS Job Openings 2.00pm GMT. Today USD/JPY has support of 102.30 and resistance of 103.40
April 8, 2014 – Forex News
Hot Asset For Today: GBP/USD
EUR/USD
The pairing in all intents and purposes has remained flat with hardly any movement at all throughout this morning’s Asian session. Traders and investors, for quite some time now have been waiting to see whether the European Central Bank will take measures to avoid deflation which may reverse the somewhat slow Euro zone economic recovery. Today in the U.S the Bureau of Labor will release data regarding job openings which may impact the pairing as this is a leading indicator of overall employment in the U.S. The financial events to look out for today are JOLTS Job Openings 2.00pm GMT, FOMC Member Kocherlakota Speaks at 5.30pm GMT and FOMC Member Plosser Speaks at 6.45pm GMT.Today EUR/USD has support of 1.3670 and resistance of 1.3770.
Trend: Sideways
GBP/USD
The pairing has very much been moving sideways. There was not much activity namely due to the fact that traders and investors a waiting for a number of high impact financial events coming from both the U.K and the U.S. This morning the Office of National Statistics in the U.K will be releasing data regarding manufacturing production which on the back of this report may have impact on the pairing. Nevertheless traders and investors will have in the back of their minds, the decision regarding Bank of England interest rates which will be made later this week. Across the pond, later in the afternoon a report regarding job openings will be released which will undoubtedly give an indication as to the somewhat improvement and growth of the U.S labor market. The financial events to look out for today are Manufacturing Production m/m at 8.30am GMT, JOLTS Job Openings 2.00pm GMT. Today GBP/USD has a support of 1.6550 and a resistance of 1.660.
Trend: Slight upwards
USD/JPY
The pairing has seen movement namely due to the fact that the pairing in the face of the decision of BoJ. Earlier today the Bank of Japan monetary policy decision to refrain from increasing any more stimulus was namely due to the fact officials in the Bank of Japan wish to assess the impact of the rise in the sales tax implemented recently. Such a decision clearly move in favor of the yen as expected by investors and traders. Governor Kuroda hinted that in the next few months it is inevitable that he will take additional stimulus measures. Such a step may be implemented in the June-July meeting. The financial events to look out for today are JOLTS Job Openings 2.00pm GMT. Today USD/JPY has support of 102.30 and resistance of 103.40
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