The EUR/USD climbed to a high of 1.0900 as the Dollar weakened on the back of another weak report from the U.S. Thursday’s Jobless Claims and Home Sales data missed expectations adding pressure to the pair and Friday’s Core Durable Goods Orders supported the move.
Today, the pair is trading sideways as no important data is set to be released. Volatility should pick up tomorrow as the U.S CB Consumer confidence data will be released. The movement is sideways. Support is found at 1.0790 and resistance at 1.0900.
On Friday, the USD/JPY dropped to a low of 118.83 as the Dollar weakened further following the U.S Core Durable Goods Orders report. Today, however, the pair rebounded upwards and has currently reached 119.4. Gains were seen as the rating company, Fitch, cut Japan’s credit rating to A from A+ due to uncertainty regarding national debt and boosting the economy.
Traders should watch Japanese Retail Sales data at 11.50 PM (GMT). The movement is sideways. Support is found at 118.70 and resistance at 120.10.
April 27, 2015 – Forex News
Today’s Hot Asset: EUR/USD
EUR/USD
The EUR/USD climbed to a high of 1.0900 as the Dollar weakened on the back of another weak report from the U.S. Thursday’s Jobless Claims and Home Sales data missed expectations adding pressure to the pair and Friday’s Core Durable Goods Orders supported the move.
Today, the pair is trading sideways as no important data is set to be released. Volatility should pick up tomorrow as the U.S CB Consumer confidence data will be released. The movement is sideways. Support is found at 1.0790 and resistance at 1.0900.
USD/JPY
On Friday, the USD/JPY dropped to a low of 118.83 as the Dollar weakened further following the U.S Core Durable Goods Orders report. Today, however, the pair rebounded upwards and has currently reached 119.4. Gains were seen as the rating company, Fitch, cut Japan’s credit rating to A from A+ due to uncertainty regarding national debt and boosting the economy.
Traders should watch Japanese Retail Sales data at 11.50 PM (GMT). The movement is sideways. Support is found at 118.70 and resistance at 120.10.