After 4 days of consecutive rises the Euro has shown weakness and is currently down at the 1.4917 level. This morning cable is showing strength currently up at around the 1.6304 level. Yesterday Sterling hit a three-week high against the US dollar following comments from Paul Fisher (head of markets at the
Bank of England) who said that quantitative easing (QE) was now working. This morning the JPY/USD is currently up at around the 90.88 level up from its open of 89.32.
Due for release today there is CHF Retail Sales, EUR Euro-Zone Trade Balance, EUR Eurozone Trade Balance, CAD Consumer Price Index, CAD Consumer Price Index, CAD Bank Canada Consumer Price Index, USD Net Long-Term TIC Flows, USD Industrial Production.
By Ultimate Forex Profits
