EURUSD trading lower after the FOMC Meeting Minutes. US Unemployment Claims on tap.
EURUSD dropped yesterday and closed at 1.3354. The FOMC Meeting Minutes showed that the policymakers are comfortable with the plan of the Chairman of the United States Federal Reserve Ben Bernanke to start cutting the bond buying later in the year if the economy improves. Investors are now awaiting the Unemployment Claims release due from the United States later today. Support for the EURUSD is seen at 1.3298 and resistance is seen at 1.3407. The HotForex Traders Board shows that 61 percent of the traders are short on the EURUSD.
GBPUSD
The Cable dropped yesterday and closed at 1.5655. The Public Sector Net Borrowing in the United Kingdom showed at deficit of 1.6 billion Sterling. Meanwhile the Confederation of British Industry that its Industrial Trends Survey unexpectedly rose to a 0 in August. Trading trends on the pair today are expected to be determined by the released from the United States. Support for the GBPUSD is seen at 1.5536 and resistance is seen at 1.5650. The HotForex Traders Board shows that 51 percent of the traders are short on the GBPUSD.
Visit HotForex Blog to read more
EURUSD dropped yesterday and closed at 1.3354. The FOMC Meeting Minutes showed that the policymakers are comfortable with the plan of the Chairman of the United States Federal Reserve Ben Bernanke to start cutting the bond buying later in the year if the economy improves. Investors are now awaiting the Unemployment Claims release due from the United States later today. Support for the EURUSD is seen at 1.3298 and resistance is seen at 1.3407. The HotForex Traders Board shows that 61 percent of the traders are short on the EURUSD.
GBPUSD
The Cable dropped yesterday and closed at 1.5655. The Public Sector Net Borrowing in the United Kingdom showed at deficit of 1.6 billion Sterling. Meanwhile the Confederation of British Industry that its Industrial Trends Survey unexpectedly rose to a 0 in August. Trading trends on the pair today are expected to be determined by the released from the United States. Support for the GBPUSD is seen at 1.5536 and resistance is seen at 1.5650. The HotForex Traders Board shows that 51 percent of the traders are short on the GBPUSD.
Visit HotForex Blog to read more