The market situation and near-term prospects. News that await us today.
13:30 – Trade Balance (Dec) – USD, CAD – moderate volatility
13:30 – Building Permits (MoM) (Dec) – CAD - moderate volatility
15:00 – JOLTs Job Openings (Dec) – USD – high volatility
15:00 - Ivey PMI (Jan) – CAD - high volatility
16:35 – German Buba President Weidmann Speaks – EUR - moderate volatility
We are faced with the uncertainty of the market EUR. It has served as repulsive factor for investors, which in turn led to increased attention to Asian currencies. As well a great impact on the Euro, had a speech Marion Le Pen, who has declared the fight against globalization and the struggle for France’s exit from the European Union.
In this way the Euro fell to 119.77 yen. Resistance level is 123,716
The New Zealand dollar also handed position against the yen, dropping to 0.82%. Sterling did not react to the Yen.
The dollar traded at 111.77 yen after falling to 111.590 yen, the lowest level since Nov. 28. Resistance level is 115,395
The Euro declines against the dollar, trading at 1.0710 today. Resistance – 1.08334, Support – 1.06200
AUDUSD has grown up to 0.7679 as the Reserve Bank of Australia kept rates unchanged, thereby setting the upbeat assessment of the economy.
Analysis by AccentForex analyst Aarush Marwari.