The U.S Dollar has made additional strides in forex as the Euro, Pound and Yen have all given ground. Inflation data via the Producer Price Index will come from the States.
EUR/USD: Euro Weakness Extends Again
The Euro has weakened and is well below the 1.19 juncture versus the U.S Dollar this morning. Important inflation data will come from the States today and tomorrow, and it appears Euro weakness may continue near term. However, important long term suppo
USD/JPY: Average Cash Earnings Jump in Japan
The Nikkei Index has lost ground this morning, but the Yen has also lost value in the past twelve hours and is near 109.50 against the U.S Dollar. Average Cash Earnings jumped in Japan per data released this morning which will get the attention of investors. The Yen is near important resistance.
GBP/USD: Pound Loses More Value
The Pound lost slight value on Tuesday and is trading near 1.3525 this morning. The Bank of England will make their monetary policy decision on Thursday public and it is expected to be passive. The Pound is near important long term lows, but traders may be tempted to sell short term.
rt still lurks for traders.