Euro/Dollar weerstanden voor 27 januari Coming Up Today (all times GMT)
USD Core Durable Goods Orders m/m (13:30)
USD Unemployment Claims PMI (13:30)
USD Pending Home Sales m/m (15:00)
The U.S. dollar slipped on Thursday to 11-week lows, while commodity prices and Asian stocks rose after U.S. Federal Reserve policymakers voted unanimously to maintain a $600 billion bond-buying plan to fuel an economic recovery. The market anticipated confirmation from U.S. Fed yesterday that its focus remained on supporting economic growth while leaving the Fed fund rate at 0.25 as expected.
AUD saw weakness almost across the board with PM Gillard saying that the recent floods would cost Australia A$5.6 bln and would shave half a point from '10/11 GDP.
EURUSD
The euro held around $1.3700, having raised to $1.3721 overnight, a high not seen since Nov. Still, the currency's two-week-long rally faces a growing risk of overstretching in the near term with resistance seen looming around $1.3740-3785, analysts said. The euro held flat at $1.3705 on Thursday, still within sight of a two-month high of $1.3723 marked on Wednesday and an option barrier at $1.3725.
The EURCHF slipped to around 1.2919 francs from a six-week high of 1.3068 hit on Friday and on Monday. Against the yen, the Euro has been hung at a resistance around 113 yen. The euro has been helped by signs of some stability in euro zone periphery countries' bond markets but many market players also say doubts remained on whether these nations can stand on their own feet.
GBPUSD
During the FOMC statement the GBPUSD popped up through 1.59, in the meantime, sterling was holding on to its relative strength after the MPC minutes. Two days in a row GBPUSD was seen recovering from the dips of the December lows setting up an optimistic warning, providing good support for the view that resistance up to the 1.61 area can be overcomed. In the short-term there is resistance |