EUR/USD downward correction
Yesterday the euro was able to gain ground against the greenback, which is due to the few and not convincing figures from the United States. Today the figures from the German import and export figures show, that the weak development of the Chinese economy, an important market for the German economy, first consequences in its wake. From the United States we expect today, apart from the Crude Oil Inventories, no data which should take large impact on the price of the pair. After the pair could break the resistance at 1.09 this morning, a downward correction could be possible today, with the first goal in the support at 1.880.
GBP/USD possible decline under 1.50
Currently we get mostly disappointing figures from the UK economy. After yesterday's data for the British economy, the price of the pair fell below the mark of 1.50 USD, but this morning it could recover to 1.5061. Today no important data are expected from both countries, whereby the US dollar, in the wake of the forthcoming increase in interest rates by the Fed, could recapture lost ground. If the pair breaks the resistance at 1.50, the first goal could be at 1,498.
USD/JPY mainly ranging
Yesterday's the Japanese GDP could convince and the US dollar lost around 0.35 percent against the yen. Tonight the figures for the machinery orders were fare above the forecasts, but there are further stimulus measures in mind that the BoJ has postponed to the beginning of 2016. If no unexpected news arrive, the return on 123,00 is in the realm of possibility, with the first target at 123.185. Overall, however, is to be expected that the price mainly move sideways, with the possibility of clear support and resistance lines.
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