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Potential to Continue Stronger U.S Dollar against the Euro

www.fxbom.com
09:50 AM

In trading in Asia today looks the dollar has increased significantly against the euro (10.8). The U.S. currency was looking solid and moves to strengthen against its main rivals. Market participants seem chose to hold the dollar ahead of Fed interest rate meeting of the discussion tonight.

The uncertainty surrounding the Fed meeting today’s conditions. Markets differ about whether the Fed will make further policy loosening in the face of the current U.S. economic conditions.Although most investors agree that the Fed still will express the outlook is less good, but probably no further action is also quite open.

In today’s trading seemed to be in the position of 1.3180 dollars per euro. Dollar experienced a significant increase compared to the close of trading early this morning which was observed at the level of 1.3221 per euro.

Fxbom.com analysts estimate that the movement of the dollar today is still potential to increase.Dollar expected to lead to a position of 1.3150 per euro. Meanwhile, support will be encountered at 1.3246 per euro positions.

Realized CBI Sales Drastic Rise, Sharper Stronger Sterling

www.fxbom.com
06:00 PM

Released last data indicator Complaints CBI Sales has just been released by the Confederation of British Industry showed indication of positive developments on the British economy.

The impact of data releases to trade GBP/USD this afternoon (27-07), which was observed to occur strengthening pound sterling. The forex market responded by pushing the GBP/USD that is in the range 1.5550.

Complaints CBI indicator of actual data reported sales increased drastically to 33 which were previously estimated to be a second son from -5.

Belgium Business Climate negative still trigger Weakening Euro

www.fxbom.com
08:37 PM

In the pair trading the EUR/USD this evening (23-07) was observed to turn the Euro weakened against the U.S. Dollar and in the range of 1.2810.

The latest information about Belgium NBB Business Climate indicator has just been released by the National Bank of Belgium shows there is a negative business climate in Belgium.

Belgium NBB Business Climate Indicator improved to -6.5 reported that previously expected to be worsened to -7.9 from -7.7 the previous value. But it is still a negative response by investors in forex trading.

Fxbom.com analysts argued that the euro on the currency pair EUR/USD is expected to weaken and is expected to face support at around 1.2788.

Germany Ifo Business Climate Stronger, Euro Press U.S. Dollar

www.fxbom.com
03:11 PM

Euro currency pair to trade in the EUR/USD this afternoon (23-07) exhibited strong and the pair is trading at around 1.2930.

Euro strengthened along with the presence of positive signal on the German economy, where it is shown by an increase in performance on the business climate in the country.

Germany Ifo Business Climate indicator increased to 106.2 reported previously which is expected to drop to 101.5 from 101.8 the previous value. It was responded positively by investors in forex trading.

Fxbom.com analysts suggested that the euro on the currency pair EUR/USD is estimated to still have a potential to strengthen further and will be tried at the level of 1.2950.