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2. HEADLINES
●
1.357
USD/JPY
1.6569
USD/CHF
0.9098
AUD/USD
0.8869
USD/CAD
1.0955
EUR/CHF
1.2345
EUR/JPY
141.741
EUR/GBP
0.8189
EUR/AUD
1.5304
GBP/CHF
1.5074
GBP/JPY
173.1025
GBP/CAD
1.8155
GBP/AUD
1.8687
AUD/JPY
92.631
CAD/JPY
95.3505
CHF/JPY
114.8295
NZD/JPY
87.038
AUD/CAD
0.9715
AUD/CHF
0.8065
AUD/SGD
1.1334
Forex - Euro edges higher against dollar
Forex - GBP/USD at 3-week highs after U.K. jobless rate hits 7.1%
104.455
GBP/USD
●
Last
EUR/USD
Forex - Dollar steady, pound higher after fall in U.K. jobless rate
●
Name
USD/JPY edged up 0.10% to 104.39, up from the lows of 103.97 struck earlier in the
session.The yen briefly moved higher after the Bank of Japan kept monetary policy
unchanged following its monthly policy meeting on Wednesday and maintained its
assessment that Japan's economy "has continued to recover moderately."
EUR/USD hit 1.3580, the highest since January 17 and was last up 0.10% to 1.3575.
The pair earlier fell to session lows of 1.3535.
The pair is likely to find support at 1.3515, Tuesday’s low and resistance at 1.3600.
Investor sentiment was boosted after the International Monetary Fund revised up its
forecast for global economic growth on Tuesday to 3.7% form 3.6% in October.
Meanwhile, concerns over a credit crunch in China continued to ease after the
central bank moved to inject liquidity into financial markets earlier in the week.
GBP/USD hit 1.6547, the highest since January 2 and was last up 0.39% to 1.6539.
Cable is likely to find support at 1.6450, the session low and resistance at 1.6602,
the high of January 2 and a 28-month high.
The Office for National Statistics said that the rate of unemployment in the U.K. fell
to 7.1% in the three months to November, to stand just above the 7% threshold at
which the Bank of England has said it would start to consider hiking interest rates.
It was the largest drop in unemployment since 1997 the ONS said.
8. ECONOMIC CALLENDER
MEDIUM
Cur.
Imp.
Event
Actual
Forecast
Previous
10:30:00 AM
JPY
MEDIUM
BoJ Monthly Report
01:28:00 PM
EUR
MEDIUM
French Manufacturing
PMI
47.5
47
01:28:00 PM
EUR
MEDIUM
French Services PMI
48.1
47.8
02:00:00 PM
EUR
HIGH
German Manufacturing
PMI
54.6
54.3
02:00:00 PM
EUR
MEDIUM
German Services PMI
54
53.5
02:30:00 PM
EUR
MEDIUM
Manufacturing PMI
53
52.7
02:30:00 PM
EUR
MEDIUM
Services PMI
51.4
51
04:30:00 PM
GBP
MEDIUM
CBI Distributive Trades
Survey
25
34
07:00:00 PM
CAD
HIGH
Core Retail Sales (MoM)
0.30%
0.40%
07:00:00 PM
CAD
MEDIUM
Retail Sales (MoM)
0.30%
-0.10%
07:00:00 PM
USD
MEDIUM
Initial Jobless Claims
326K
326K
08:30:00 PM
USD
HIGH
Existing Home Sales
4.94M
4.90M
08:30:00 PM
USD
MEDIUM
Existing Home Sales
(MoM)
0.40%
-4.30%
01/23/14
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