The dollar fell in trade yesterday, but the major currency block has not shown any significant changes so far outside of today's Japanese Yen. USD/JPY has remained rather unstable, returning to levels above 150.00 since yesterday's US trading. The previous lows touched on 149.27, but since September 149.22, I'm shy and shy about my 50.0 FIB retracement level on my swing.
Overall, the greenback remains vulnerable as it approaches the weekly closure phase. That's the EUR/USD, which is particularly opposed to key resistance at 1.0500. That will be something you should see in the previous session. The bad news about the dollar is that yesterday fall comes despite the slack feelings of risk. When that happens, it's never a good looking thing.
Today, PMI data is an important economic data release to watch. It will later apply to both Europe and the US. The big surprise there can cause some decent moves in the euro or dollar. So be careful about that.
0700 GMT -UK January Retail Sales Data
0745 GMT -France Business Trust in February
0815 GMT-French February Flash Manufacturing, Services, Combined PMI
0830 GMT-Germany February Flash Manufacturing, Services, Combined PMI
0900 GMT-Eurozone February Flash Manufacturing, Services, Combined PMI
0930 GMT -UK February Flash Manufacturing, Services, Combined PMI
This is all the session ahead. We wish you good luck with the best days ahead and your deals! Please be safe.
Go to Maple Leafs! Adam is definitely happy with this
