This morning the EUR/USD pair has lost some ground opening at 1.4634 and now dropping to the 1.4558 level, having been as low as 1.4553. Resistances up at 1.4665/75 and 1.4700/05 level. After two winning days, Cable is looking weaker this morning and currently hovering around the 1.5957 level. BoE’s Miles spoke of the efficacy of their quantitative easing. JPY /USD pair is showing strength this morning, currently up at the 89.98 mark. Japan’s August retail sales -1.8%, or +1% MoM, which was better than expected
Due for release today is, the EUR German Purchasing Manager Index, GBP Purchasing Manager Index, EUR Euro-Zone Unemployment Rate, USD Personal Income, USD Personal Spending, USD Personal Consumption Expenditure, USD Initial Jobless Claims, USD ISM Manufacturing, USD Pending Home Sales, USD Construction Spending, JPY Jobless Rate and JPY Household Spending.
By Greg Secker
