EUR/USD trading range from 1.098 to 1.103
Both currencies can be only be assessed, if there is no relevant factor and no message from the central banks is ignored. For the USD is currently the nervousness before the Fed rate decision on Wednesday is visible. The euro is supported by the supposedly cautious extension of bond purchases. From the ECB, however, rumors are heard, the recently adopted measure was enforced against big resistance. One factor that adds further impetus to the euro. Today not many figures are expected to attend the currencies, a few from France for the euro area, and from the US figures the unemployment claim assistance and import and export prices. Without major gaffe, the pair should move in the range 1.098 to 1.103.
GBP/USD Possible consolidation
The British pound benefited yesterday from the general depreciation of the US dollar. The interest rate decision today by the BoE should bring no surprises, so that the numbers to the British trade balance could bring some movement in the pair, but with particular attention to the speech by BoE Governor Carney at 19:00 h (CET) and possibly contained signals on the future monetary policy of the British central bank. Due to the absence of further data, the pair is likely to consolidate until the evening at 1.516.
EUR/JPY trading range between 133.73 and 134.16
Since the ECB's interest rate decision, we see the pair in a ranging period. Today also no figures are expected, which could steer the course in a certain direction. Although the figures published in the night were partially above the forecasts, they are of minor importance. Without surprising messages, the pair could range in the area from 133.73 to 134.16, with the possibility clear support and resistance with some nice trading opportunities.
Risk disclaimer:
The opinions of the author to market behaviour does not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you trade leveraged financial products, you must be aware that a loss up to the amount of your deposit is possible, and in addition can also be an obligation to arise. Make yourself familiar with active trading or get independent advice before you invest your own money and use only money to invest that you can lose in the worst case