Today, the EUR/USD pair has shown weakness and is currently down at the 1.4315 mark. The market already seems have an eye on the US jobs report due on Friday and also the possibility of more improvement. This morning cable has shown weakness and is currently down at around the 1.6133 level from its open of 1.6168. Today all data comes at 09:30 GMT, UK mortgage approvals for November expected 57.8k, Net lending sec on dwelling for November expected +£0.9 bln, PMI manufacturing for December expected 52.0 from 51.8, M4 money supply for November (final) and Net consumer credit for November expected -£0.4 bln. The JPY/USD pair has recovered from early losses and is just below it’s open at the 92.94 level.
Due for release today is the GBP Manufacturing PMI and the USD ISM Manufacturing PMI.
By Ultimate Forex Profits
