After the terrorists attacks in France the reaction on the financial markets was limited. Overall we have seen some losses for the Euro, and today the economic data will set the direction of the market.
EUR/USD back to 1.07
Yesterday the pair was under the impression of the attack in Paris and due to the lack of economic data, it dropped below the mark at 1.07. Today we will get some data from the euro area, where the ZEW economic sentiment in Germany and the whole euro area will be most important. The forecasts see an increase in both, and if the data don't miss them, the pair will rise above the 1.07 again with 1.0719 as first target. This could reverse again, if the later coming US-Data about the CPI exceed the forecasts.
GBP/USD leaving the range
Since the last Thursday, the pair is ranging between 1.5185 and 1.5230. Tday we are wating for a bunch of data from the UK and the United States, which could drive this pair out of the range. The economic data in the UK were rather good in the last days, but if the CPI miss the forecast, we could see a drop towards 1.530.
USD/JPY struggling at 123.00
Yesterday the pair opend with a gap of 40 Pips downwards, but over the day gan ground in a impresive manner, back above the 123.00. Investors are still uncertain by the rumors about an intervention from the BoJ, and the USD is still growing ground, due to a likely increase of the interest rates by the Fed. However, as long as the BoJ doesn't do anything, and it seems like the will wait till 2016, the pair will struggle around the mark of 123.00 USD.
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