Bank of England is under pressure to rise interest rate.
Asian and European trading sessions:
Euro: Euro continued to strengthen on Tuesday, since the expectations for the possible increase of the interest rate by the ECB reinforced. The EUR/USD pair traded at the level of $1.4240.
US Dollar: Greenback weakened, as demand for the risky assets strengthened.
British Pound: Released today Consumer Price index turned out to be above forecasts: 4.4% against the 4.2%, which rendered considerable support to the pound. Expectations for the interest rate increase by the Bank of England strengthened as well.
As a result, the GBP/USD rate reached the $1.6400 maximum.
Japanese Yen: Weakened concerns over the Fukusima NPP situation kept the yen at its minimums.
The USD/JPY pair traded in the range of Y80.80-Y81.30.
Oil: Today’s oil rate maximum was reached at the $103.75 level per barrel.
Gold: Gold is trading at the $1424.50 range per ounce.
American trading session:
New-Zealand Dollar: The New-Zealand dollar rate showed considerable growth against the greenback, since according to the released information, the New-Zealand economy shows rehabilitation, and the interest rates might be increased during the next meeting by the Reserve Bank of New-Zealand.
https://forex-metal.com/news_posts
Technical analysis for 23/03
EURUSD
The pair is aiming to median line at 1.42996 which is a resistance level for the pair. After testing this level the pair may roll back to 1.41780.
Resistance: 1.42996, 1.44400, 1.46222
Support: 1.41780, 1.40690, 1.39600
GBPUSD
The pair has broken 1.63316, the next aim is at 1.64636.
Resistance: 1.64636, 1.65706, 1.67165
Support: 1.63316,.62050, 1.60322
USDCHF
The pair is trading between 0.91079 and 0.89635.
Resistance: 0.91079, 0.92026, 0.93069
Support: 0.89635, 0.88417, 0.87214
USDJPY
The pair is trying continue declining and aiming to 80.438.
Resistance: 81.399, 82.219, 83.065
Support: 80.438, 79.707, 79.707
AUDUSD
The pair is trying to recover. Resistance 1.01873, support 1.00031.
Resistance: 1.01744, 1.02705, 1.03535
Support: 1.00907, 1.00067, 0.99207
https://forex-metal.com/news_posts
Asian and European trading sessions:
Euro: Euro continued to strengthen on Tuesday, since the expectations for the possible increase of the interest rate by the ECB reinforced. The EUR/USD pair traded at the level of $1.4240.
US Dollar: Greenback weakened, as demand for the risky assets strengthened.
British Pound: Released today Consumer Price index turned out to be above forecasts: 4.4% against the 4.2%, which rendered considerable support to the pound. Expectations for the interest rate increase by the Bank of England strengthened as well.
As a result, the GBP/USD rate reached the $1.6400 maximum.
Japanese Yen: Weakened concerns over the Fukusima NPP situation kept the yen at its minimums.
The USD/JPY pair traded in the range of Y80.80-Y81.30.
Oil: Today’s oil rate maximum was reached at the $103.75 level per barrel.
Gold: Gold is trading at the $1424.50 range per ounce.
American trading session:
New-Zealand Dollar: The New-Zealand dollar rate showed considerable growth against the greenback, since according to the released information, the New-Zealand economy shows rehabilitation, and the interest rates might be increased during the next meeting by the Reserve Bank of New-Zealand.
https://forex-metal.com/news_posts
Technical analysis for 23/03
EURUSD
The pair is aiming to median line at 1.42996 which is a resistance level for the pair. After testing this level the pair may roll back to 1.41780.
Resistance: 1.42996, 1.44400, 1.46222
Support: 1.41780, 1.40690, 1.39600
GBPUSD
The pair has broken 1.63316, the next aim is at 1.64636.
Resistance: 1.64636, 1.65706, 1.67165
Support: 1.63316,.62050, 1.60322
USDCHF
The pair is trading between 0.91079 and 0.89635.
Resistance: 0.91079, 0.92026, 0.93069
Support: 0.89635, 0.88417, 0.87214
USDJPY
The pair is trying continue declining and aiming to 80.438.
Resistance: 81.399, 82.219, 83.065
Support: 80.438, 79.707, 79.707
AUDUSD
The pair is trying to recover. Resistance 1.01873, support 1.00031.
Resistance: 1.01744, 1.02705, 1.03535
Support: 1.00907, 1.00067, 0.99207
https://forex-metal.com/news_posts