The EURO reached highs in the 1.2851 area and then fall into the zone of 1.2750, however, stood firm in the area of 1.2700. USD / JPY recovered and reached maximum in the area of 98.69; Aggressive traders could sell now if the pair reaches 99.50. In my opinion, this was a week of consolidation for the USD, and unless next week in the beginning shows that the USD will continue to rise, should bear in mind that the ceiling is already very close. GBP / USD Resistance 3: 1.6320/30 Resistance 2: 1.6250 Resistance 1: 1.6100/10 New York: 1.5674 Support 1: 1.5520/30 Support 2: 1.5500 Support 3: 1.5420 Comments cutting rates by the Bank of England added pressure on the pound. Fears over cuts in interest rates is confirmed, as were reduced by 1.5 percentage point.
The volatility is reduced. The market liquidity has improved dramatically. Get more background information with materials from New York Museums. Aggressive traders can buy now, but expected volatility. Several traders took profits and sovereign states were on the scene, with respect to the pound and the euro. And at the last moment operators in Asia. Monday: All times EASTERN (-5 GMT) 4:30 a.m.
GBP PPI Input m / m 4:30 a.m. GBP PPI Output m / m 7:01 am GBP BRC Retail Sales Monitor y / y 7:01 am GBP RICS House Price Balance EURO / USD Resistance 3: 1.3200/10 Resistance 2: 1.3150 Resistance 1: 1.3030 New York: 1.2741 Support 1: 1.2520/30 Support 2: 1.2500 Support 3: 1.2480 Comments The pair failed to recover and fell. Stops were placed in the area of 1.2770. Russian traders bought euros in the 1.2860 area. The pair recorded highs in the 1.2851 area. The pair came under pressure and it is advisable to buy. It is expected more volatility. The oil also added pressure, but the pair remained firm, if oil can be picked up that takes the pair with him. Double action is awaited. Traders note official names overnight this time. Several traders took profits despite the uncertainty in the market. Monday: All times EASTERN (-5 GMT) 2:45 a.m. EUR Industrial Production m / m 4:00 a.m. EUR French Industrial Production m / m EUR Italian Sentix 4:30 a.m. 10:30 a.m. Investor Confidence EUR Trichet, ECB president Please log in to talk for details of foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.