The euro is taking a major leg up after better than expected core CPI. The gauge was gathered at 1.2% in April flash release, when analysts where expecting it at 1% from 0.7% in March. The euro rose till 1.0945.
Sterling is trading above the 1.29 level at the time of writting this post. The cluster around the 1.30 level composed by the monthly R2, the weekly R1 and above by the upper Bollinger band will likely offer strong resistance if the bulls keep pushing sterling higher.
The yen is consolidating gains above the 111 level. The exchange rate seems poised to move towards the 112 level. Though, this outlook is subject to revision after US 1Q 17 GDP data release later in the day.
Golds is squeezed between to major levels. It is afloat the 1263 level and below the 1272/1278 level. The first level is offered by the weekly S2 and the latter by the 20-day SMA, the weekly S1, the monthly R1 and by the 61.80% Fibo retracement level.
Sterling is trading above the 1.29 level at the time of writting this post. The cluster around the 1.30 level composed by the monthly R2, the weekly R1 and above by the upper Bollinger band will likely offer strong resistance if the bulls keep pushing sterling higher.
The yen is consolidating gains above the 111 level. The exchange rate seems poised to move towards the 112 level. Though, this outlook is subject to revision after US 1Q 17 GDP data release later in the day.
Golds is squeezed between to major levels. It is afloat the 1263 level and below the 1272/1278 level. The first level is offered by the weekly S2 and the latter by the 20-day SMA, the weekly S1, the monthly R1 and by the 61.80% Fibo retracement level.
