EUR/USD – Last: 1.3380
Resistance 1.3440 1.3470 1.3510
Support 1.3370 1.3340 1.3280
British Pound (GBP) – The Pound gained versus the Dollar after Claimant Count Change showed -32.9k people claimed for unemployment related benefits vs. -6K expected. If the pair holds above 1.5380 the positive momentum will continue. Overall, GBP/USD traded with a low of 1.5330 and with a high of 1.5437. Today, Retail Sales are expected at 0.7% vs. 2.1% previously.
GBP/USD - Last: 1.5410
Resistance 1.5430 1.5460 1.5510
Support 1.5380 1.5340 1.5280
Japanese Yen (JPY) – The Dollar weakened versus the Yen after Trade Balance data came out 0.67T better than 0.65T expected. If the pair holds below 93.4 levels it is likely to continue lower back to 92 areas. Overall, USD/JPY traded with a low of 92.92 and with a high of 93.43. No economic data expected today.
Resistance 93.40 93.80 94.20
Support 92.70 92.20 91.80
Canadian dollar (CAD) – The Canadian Dollar touched its strongest level against the US Dollar in 22 month reaching the 0.9930 level but ended the day almost unchanged near the parity level at 1. The Wholesale Sales came out -1.2% vs. expected 1.3%. In the near term more fluctuations around the 1 area are expected. Overall, USD/CAD traded with a low of 0.9928 and a high of 1.0014. Today, The Leading Indicators Index is expected unchanged at 0.8% and later a BOC Monetary Policy Report will be released.
USD/CAD - Last: 0.9968
Resistance 1.0005 1.0050 1.0130
Support 0.9955 0.9930