EUR/USD
The EUR rose 0.14% against the USD and closed at 1.2690.
On the macro front, consumer prices in Germany came in flat, on a monthly basis, in September, similar to an unchanged reading registered in the previous month. In other economic news, the Euro-zone’s economic sentiment indicator recorded a drop to 99.9 in September. In the US, pending home sales dropped 1.0% on a monthly basis in August, more than market. The pair is expected to find support at 1.2667, and a fall through could take it to the next support level of 1.2639. The pair is expected to find its first resistance at 1.2719, and a rise through could take it to the next resistance level of 1.2743.
Trading trends in the Euro today would be determined by the Euro-zone’s crucial CPI as well as unemployment data, scheduled in a few hours.
GBP/USD
The GBP rose 0.06% against the USD and closed at 1.6243.
Net consumer credit in the UK advanced by £0.9 billion in August, more than market expectations of £0.8 billion. It had risen by £1.1 billion in the previous month. Meanwhile, the number of mortgage approvals for house purchases in Britain dropped to 64.2K.
Overnight data indicated that, the Gfk consumer confidence in the UK eased to -1.0 in September. The pair is expected to find support at 1.622, and a fall through could take it to the next support level of 1.6187. The pair is expected to find its first resistance at 1.6281, and a rise through could take it to the next resistance level of 1.6309.
Trading trends in the Pound today would be determined by Britain’s crucial GDP figures.
USD/JPY
The USD weakened 0.06% against the JPY and closed at 109.40.
Earlier today, data indicated that unemployment rate in Japan unexpectedly dropped to 3.5% in August, registering a 16-year low, lower than market expectations to rise to 3.8% and following a similar level registered in the previous month. Meanwhile, industrial production in Japan unexpectedly eased 1.5% on a monthly basis in August, less than market expectations for an advance of 0.2% and compared to 0.4% rise registered in the previous month.
USDCHF
The USD declined 0.12% against the CHF and closed at 0.9511.The pair is expected to find support at 0.9485, and a fall through could take it to the next support level of 0.9464. The pair is expected to find its first resistance at 0.9531, and a rise through could take it to the next resistance level of 0.9556.
Trading trends in the Swiss Franc today is expected to be determined by Switzerland’s KOF leading indicator, scheduled in a few hours.