EUR USD
The EUR rose 0.19% against the USD and closed at 1.3193, despite the German Gfk consumer confidence unexpectedly easing in September for the first time in more than one and a half years.
Meanwhile, the German Finance Minister, Wolfgang Schaeuble, in an interview, said that the comments made by the ECB Chief, Mario Draghi, at the Jackson Hole, were “over-interpreted”, raising concerns that the central bank may not be as close to introducing additional stimulus measures as previously indicated.
The pair is expected to find support at 1.3173, and a fall through could take it to the next support level of 1.3134. The pair is expected to find its first resistance at 1.3235, and a rise through could take it to the next resistance level of 1.3258.
Trading trends in the pair today are expected to be determined by unemployment rate and inflation data from Germany. Additionally, investors would keep a close eye on GDP numbers from the US.
GBP USD
The GBP rose 0.18% against the USD and closed at 1.6575.
The pair is expected to find support at 1.6554, and a fall through could take it to the next support level of 1.6516. The pair is expected to find its first resistance at 1.6618, and a rise through could take it to the next resistance level of 1.6644.
Going forward, investors would look at Britain’s Gfk consumer confidence, scheduled in the midnight.
USD JPY
The USD weakened 0.19% against the JPY and closed at 103.90.
Yesterday, Japan’s Vice Economy Minister, Yasutoshi Nishimura, cautioned that the Japanese government needs to be more careful regarding its upcoming decision about raising the national sales tax.
The pair is expected to find support at 103.61, and a fall through could take it to the next support level of 103.46. The pair is expected to find its first resistance at 104.01, and a rise through could take it to the next resistance level of 104.25.
Going forward, investors would focus on Japan’s crucial consumer prices and jobless rate data, scheduled to release in the midnight.
USD/CHF
The USD declined 0.29% against the CHF and closed at 0.9149.
The Swiss UBS consumption indicator fell to 1.66 in July, compared to a reading of 2.07, registered in the previous month.
The pair is expected to find support at 0.9117, and a fall through could take it to the next support level of 0.9097. The pair is expected to find its first resistance at 0.917, and a rise through could take it to the next resistance level of 0.9203.
Investors would await Q2 employment levels in Switzerland, slated to release ahead in the day.