Important Events Today
14:30h CET - USD - US Goods Trade Balance (Nov)
15:00h CET - USD - S&P HPI Composite-20 (YoY) (Oct)
16:00h CET - USD - CB Consumer Confidence (Dec)
22:35h CET - USD - API Weekly Crude Oil Stock
Currency pairs
EUR/USD next try above 1,10
Yesterday the pair has already tried to rise above $ 1.10, but received resistance at 1.097. At least in the morning the pair should to rise above again. At 14:30h CET various economic data from the US will be published. If they do not correspond to the expectations, the mark could be overcome. If the forecasts exceeded a downward correction is possible with the first target at 1,093.
GBP/USD remains under pressure
The British pound is now under pressure for two weeks ago already. Today no data from the UK are expected and the figures from the United States could determine the further direction of the pair. From the technical perspective, the price is in the range of a support at 1.4878. If this breaks, the next target could be at 1.4848
USD/JPY below 120.00 possible
Since the Fed interest rate decision the pair has dropped from 122.9 to currently around 120.10. Here it faces a stable support. Should the today released US data disappoint, the support could break, with the first target at 119.65.
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