EURUSD rose yesterday and closed at 1.3334. The German Industrial Production rose 2.4 percent month over month in June. The Bank of France reported that the French economy is expected to grow by 0.1 percent in the third quarter of 2013. On the other side of the ocean the President of the United States Federal Reserve in Cleveland Sandra Pianalto stated that FED could start tapering its 85 billion dollars monthly asset purchase program if the labor market holds its recent gains. Investors are now awaiting the Unemployment Claims release due from the United States. Support for the EURUSD is seen at 1.3290 and resistance is seen at 1.3366. The HotForex Traders Board shows that 80 percent of the traders are short on the EURUSD.
GBPUSD
The Cable rose yesterday and closed at 1.5486. The Governor of Bank of England Mark Carney stated that the interest rate of the bank would stay at the record low level of 0.5 percent and the current level of the asset purchases will remain the same until the unemployment rate in the country falls below 7 percent. With the lack of economic releases from the United Kingdom the trading trends on the pair today will be determined by the releases from the United States. Support for the GBPUSD is seen at 1.5384 and resistance is seen at 1.5517. The HotForex Traders Board shows that 62 percent of the traders are short on the GBPUSD.
EURUSD trading higher ahead of the US Unemployment Claims release
Tidak ada komentar:
Posting Komentar