Littlefish FX Analysts
Littlefish FX
KEY DATA RELEASES TODAY (BST) :
13:30 USD Core PCE Price Index m/m 0.1% v 0.1%
13:30 USD Personal Spending m/m 0.3% v -0.2%
15:00 USD Pending Home Sales m/m 0.5% v 1.7%
00:15 USD FOMC Member Fischer Speaks
OVERNIGHT:
EURUSD opens the week close to the middle this new short term range 1.0780‐1.1050 as the market starts to look at the all important Non Farm payrolls this Friday. European data leads with consumer confidence and CPI prints out over the next couple of days. Not to much to change the short term range ahead of Friday’s data, overall bias is to stay core short while we stay below 1.12. Eurozone consumer confidence, German CPI and US personal income due today.
The USD had a run on Friday and has pushed USDJPY back towards the mid 119.50’s. USDJPY managed to end the week above 119.00 level marginally, despite the US GDP data in fourth quarter last year read at 2.2%, missed the market forecasts. Quiet start to the week so far. 118 remains the key support for the near term bullish bias.
Similar to EUR, GBP has opened the week pretty much in the middle of its short term range (1.48‐1.50) . UK GDP headlining this week along with UK party leaders taking part in full scale debate. Bias is still to fade any move towards 1.5000 and try to trade the ranges until the Non Farm payroll on Friday. UK Mortgage approvals due today.
PRICE ACTION OVERVIEW:
EUR: While 1.06 supports target 1.1190/1.1210 equality corrective target
GBP: While 1.5030/50 contains upside target 1.4630
JPY: While 118 contains downside target 124.00
CAD: While 123.50/124 contains downside target 130
AUD: While .7940/6- contains upside target .72
All comments, charts and analysis on this website are purely provided to demonstrate our own personal thoughts and views of the market and should in no way be treated as recommendations or advice. Please do not trade based solely on any information provided within this site, always do your own analysis.
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