Asian Open US Job Demand Hits Record High CADCHF Ready to Roll

feature image

The euro opened the week with a gap of 30 points after Mario Draghi’s comments over the weekend that the strengthening of the euro would require further monetary stimulus.

The fall has continued, with the US dollar gaining across the board so far. With only industrial production due out today from the EU, and an improved 0.3% expected, this may give it some legs back up.

In the US today the release of retail sales data is expected, with a better figure from the last time at 0.5% for core retails sales and 0.8% for retail sales. If we get what we are expecting, USD could keep this run going for the rest of the day.

 

EUR/USD

Supports 1.3860 1.3840 1.3820 | Resistance 1.3905 1.3925 1.3950

 

USD/JPY

Supports 101.35 101.05 100.80 | Resistance 101.80 102.15 102.45

 



GBP/USD

Supports 1.6705 1.6675 1.6625 | Resistance 1.6775 1.6815 1.6835

 

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Sign up for our interactive livestreams

Our interactive livestreams, led by our industry experts, come highly recommended and can help provide your trading with the edge it needs.
Economic Calendar