What’s going on in currency market

What’s going on in the currency market

Today Euro
got a clear driver to increase – for
due to strong business performance
activity in France and Germany. But
the market is in no hurry to buy in large quantities
single currency: German figure was
still lower than last month. And
Eurozone business activity
becomes lower, indicating that
a slowdown of the European economy.
The result of all these events – EUR / USD
It is trading at around 1.3260. Support
– at the levels of 1.3220 and 1.3100. Resistance
– at 1.3330 and 1.3400.

Yen remains
under the iron heel of consolidating
dollar. In addition, the forecast GDP growth
Japan this past day has been lowered more
than doubled. This is further made
yen fall. Today, USD / JPY
It is trading at 103.70. Resistance
It remains at 104.10, support – in the area
102,00.

British pound
It shows a rather agonistic
behavior. On the one hand, retail
sales in the country have shown not the most
good statistics: they rose by only
0.1 m / m, although the predicted 0.4 m / m.
This triggered a wave of sales
“British.” However, growing the economy
rate of increase in the number of working
Places, household incomes are growing that
It allows us to hope for a quick
recovery of the British currency.
GBP / USD remains at
1.6580. Support – at 1.6560, resistance
– at 1.6740.

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