US Unemployment Claims on tap.
EURUSD rose yesterday and closed at 1.2975. The dollar came under pressure after the Chairman of the United States Federal Reserve Ben Bernanke stated that FED would continue to pursue an accommodative monetary policy as inflation remained low. The last policy meeting of FED held on the 18th and 19th of June indicated that nearly half of the members were of the opinion that the central bank should wind down its massive stimulus measures by the end of this year, but many members still believed that further improvement of the economy is needed before the US central bank could begin altering its pace of bond purchases. Investors are now awaiting the Unemployment Claims release due from the United States later today. Support for the EURUSD is seen at 1.3020 and resistance is seen at 1.3177. The HotForex Traders Board shows that 53 percent of the traders are long on the EURUSD.
GBPUSD
The Cable rose yesterday and closed at 1.5007. The pair followed the main market trends after the demand for the dollar decreased following comments from the Chairman of the United Stated Federal Reserve that the US central bank will keep following highly accommodative monetary policy until its needed. Support for the GBPUSD is seen at 1.4979 and resistance is seen at 1.5182. The HotForex Traders Board shows that 70 percent of the traders are long on the GBPUSD.
- See more at: http://blog.hotforex.com/eurusd-rose-as-the-dollar-slipped-on-bernanke%e2%80%99s-comments-us-unemployment-claims-on-tap/#sthash.tG4fMBZl.dpuf
EURUSD rose yesterday and closed at 1.2975. The dollar came under pressure after the Chairman of the United States Federal Reserve Ben Bernanke stated that FED would continue to pursue an accommodative monetary policy as inflation remained low. The last policy meeting of FED held on the 18th and 19th of June indicated that nearly half of the members were of the opinion that the central bank should wind down its massive stimulus measures by the end of this year, but many members still believed that further improvement of the economy is needed before the US central bank could begin altering its pace of bond purchases. Investors are now awaiting the Unemployment Claims release due from the United States later today. Support for the EURUSD is seen at 1.3020 and resistance is seen at 1.3177. The HotForex Traders Board shows that 53 percent of the traders are long on the EURUSD.
GBPUSD
The Cable rose yesterday and closed at 1.5007. The pair followed the main market trends after the demand for the dollar decreased following comments from the Chairman of the United Stated Federal Reserve that the US central bank will keep following highly accommodative monetary policy until its needed. Support for the GBPUSD is seen at 1.4979 and resistance is seen at 1.5182. The HotForex Traders Board shows that 70 percent of the traders are long on the GBPUSD.
- See more at: http://blog.hotforex.com/eurusd-rose-as-the-dollar-slipped-on-bernanke%e2%80%99s-comments-us-unemployment-claims-on-tap/#sthash.tG4fMBZl.dpuf
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