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US Dollar (USD)
The FOMC statement has taken by surprise by indicating that the growth is weaker than expected. But the end of quantitative easing gave some stability to USD. Though Fed Chariman Ben Bernake didn’t say there wouldn’t be one more round of easing. The reports to look forward today are Unemployment claims and New Home Sales. The support of EUR / USD pair is 1.4100 and resistance would be 1.4250.

British Pound (GBP)
GBP was all set to head towards 1.6300 levels against USD the Fed report reverse the momentum by bring it down to 1.6100 levels. The policy committee member Adam Posen is all set today to give is report on European Governance if any factor consideration little adverse against GBP it may lead GBP going down against USD and my cross the psychological mark of 1.6100.   

Japanese Yen (JPY)
From last two days it was seen USD / JYP ranging within same levels of 79.99 – 80.37 the Fed report created an impact on this pair gaining momentum and crossing 80.50 mark. No report pertaining to Yen is published today therefore USD reports could be the prime reason of movement between this pair.

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