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2. INTERNATIONAL CURRENCY BUZZ
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Forex - U.S. dollar edges higher against Canadian dollar before Fed
Dollar dips before Fed, sterling slips lower
Forex - Euro higher against pound after BoE minutes
USD/CAD
USD/CAD inched up 0.05% to 1.0866, from 1.0859 late Tuesday.
The pair was likely to find support at 1.0821, the low of May 30 and resistance at 1.0905.
The greenback remained supported after official data on Tuesday showed that U.S. consumer prices rose 0.4% in
May from a month earlier, bringing the annual rate of inflation to 2.1%.
USD/JPY
USD/JPY was at 102.19, after rising as high as 102.31 earlier.
The dollar remained supported after official Tuesday on Tuesday showed that U.S. consumer prices rose 0.4% in Ma
from a month earlier, bringing the annual rate of inflation to 2.1%.
It was the fastest monthly increase in inflation in more than a year, beating forecasts of 0.2
EUR/GBP
EUR/GBP was up 0.23% to 0.8004, recovering from the one-and-a-half year low of 0.7958 struck on Monday.
The pair was likely to find support at 0.7958 and resistance at 0.8020.The euro pushed higher against the pound on
Wednesday as the release of more dovish than expected Bank of England minutes tempered expectations for a U.K.
rate hike
4. EPIC'S ANALYST SPEAKS
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GBP/USD Hourly Chart
INTRADAY OUTLOOK
Support: 1.6920
Resistance: 1.7010
RECOMMENDATION:
1. Buy GBP/USD Above 1.7010- TG: 1.7040/ 1.7070 SL 1.6980
2. Sell GBP/USD Below 1.6920- TG: 1.6890/ 1.6860 SL 1.6950
5. EPIC'S ANALYST SPEAKS
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EUR/USD Hourly Chart
INTRADAY OUTLOOK
Immediate Support: 1.3530
Immediate Resistance: 1.3605
RECOMMENDATION:
1. Buy EUR/USD Above 1.3605- TG: 1.3630/1.3660 SL 1.3580
2. Sell EUR/USD Below 1.3530- TG: 1.3500/1.3470 SL 1.3560
6. DISCLAIMER
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