US Dollar index consolidates slightly below the 96 points mark on Wednesday. Weak ADP NFP was ignored by the market. It seems that the expectations for the strong official figures on Friday will be supporting the greenback until the end of the week. As for Thursday, watch the US trade balance and unemployment claims.
EUR/USD continues its slow decline, approaching the 1.1200 figure. The ECB meeting on Thursday is creating bearish expectations: Mario Draghi could on a QE program extension. We stay bearish below 1.1320 with a target of 1.1150.
GBP/USD trades at 3-month lows after having slipped below 1.5300. The next target is seen at 1.5170. Watch the UK Services PMI on Thursday – a downbeat surprise could trigger a massive selloff.
USD/JPY is trying to offset the Tuesday losses, but remains unstable. China markets will be closed on Thursday and on Friday – the pair could get some support out of there. Next resistance lies at 120.40, support – at 118.50.
AUD/USD consolidates around the trend support. The pair failed to fix below 0.7000 for now. However, data on Thursday could create a new wave of selling: watch the Australia retail sales and trade balance. Resistance is seen at 0.7070.
EUR/USD continues its slow decline, approaching the 1.1200 figure. The ECB meeting on Thursday is creating bearish expectations: Mario Draghi could on a QE program extension. We stay bearish below 1.1320 with a target of 1.1150.
GBP/USD trades at 3-month lows after having slipped below 1.5300. The next target is seen at 1.5170. Watch the UK Services PMI on Thursday – a downbeat surprise could trigger a massive selloff.
USD/JPY is trying to offset the Tuesday losses, but remains unstable. China markets will be closed on Thursday and on Friday – the pair could get some support out of there. Next resistance lies at 120.40, support – at 118.50.
AUD/USD consolidates around the trend support. The pair failed to fix below 0.7000 for now. However, data on Thursday could create a new wave of selling: watch the Australia retail sales and trade balance. Resistance is seen at 0.7070.
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