| EUR/USD | USD/JPY | USD/GBP | USD/CHF | |
| 1.359 | 101.45 | 1.5345 | 1.1605 | |
| Resistance | 1.352 | 100.75 | 1.5155 | 1.15 |
| 1.3385 | 99.75 | 1.506 | 1.1435 | |
| 1.324 | 98.5 | 1.4985 | 1.127 | |
| Support | 1.319 | 97.15 | 1.4755 | 1.1165 |
| 1.299 | 96.35 | 1.451 | 1.098 |
Chinese manufacturing has risen for the first time in nine month as the government 586 billion dollar overshadowed the drop in export. Asian market advanced and pushing the regional index to seven month high. A plan led by China, Japan and South Korea to create a 120 billion foreign-currency reserve pool by year-end to help revive investor confidence. The yen weakened across the board as investor’s appetite for risk was lifted. The Yen traded around the levels of 99.45 against the dollar and 132.05 vs. the Euro at 09:00 (GMT). The sign of revived appetite for risk was noticed as carry trade on the AUD/JPY carried the pair to six month high.
Data from the EZ showed further signs that the pace of the contraction is slowing as PMI index hit a six month high of 36.8. "Indicators have shown that the recession may not be over, but at least the worst is over, and that is good news for the riskier currencies like the Australian dollar," Commerzbank currency strategist in Frankfurt Lutz Karpowitz said. Trading was subdued, however, with London markets closed for a public holiday and Tokyo markets shut until Thursday for the Golden Week holiday.
Today main data will come out in the US at 14:00 (GMT) with the release of pending home sales expected to come 0.1% higher than the last reading. Better than expected result might give further strength to the current positive momentum.
Today's Economic Events
| Time | Event | Currency | Period | Previous | Forecast | Significance | Actual |
| 14:00 | Pending Home Sales m/m | USD | Mar | 2.10% | 0.10% | 3 | |
| 14:00 | Construction Spending m/m | USD | Mar | -0.90% | -1.40% | 2 | |
| 8:00 | Manufacturing PMI | EUR | Apr | 36.7 | 36.7 | 2 | 36.8 |
