This morning the JPY/USD pair is showing strength currently up at around the 90.52 level, up from its open of 90.31. This morning the EURO/USD pair is up at the 1.4738 level, up from its open of 1.4723. This morning the GBP/USD pair is showing strength and is up at around the 1.6475 level. Resistances now come at 1.6480/85, psychological 1.6500 and then 1.6520/25. The Bank of England’s Monetary Policy Committee is facing one of the toughest decisions in its decade-long history. Observers expect tough talks at its two day meeting, starting today, with a split committee facing a crucial vote on whether to extend the Bank’s policy of quantitative easing.
Due for release today is the GBP Nationwide Consumer Confidence, AUD Retail Sales s.a., AUD Building Approvals, AUD Retail Sales Ex Inflation, AUD Building Approvals, JPY BOJ Governor Masaaki Shirakawa to Speak in Tokyo, GBP Purchasing Manager Index Services, EURO Euro-Zone Producer Price, EURO Euro-Zone, USD ADP Employment Change, USD ISM Non-Manufacturing Composite, USD Federal Open Market Committee.
By Ultimate Forex Profits
