The dollar in the markets is currently mixed slipping against the euro yet gaining versus the pound as a result of the weakness of the pound, we see today in the U.S. economy they are releasing their durable goods orders showing that on the month they are expected to decline while new home sales are also forecasted to tumble further on the month. This deadbeat data might support the dollar as investors become pessimistic and turn to the lower yielding assets which will give the federal currency a boost in the markets.
The euro is appreciating in the markets as the pair is climbing towards the resistance of 1.4708 trading at 1.4697 while recording a high of 1.4704 and a low of 1.4613. The euro zone today released its M3 money supply showing that there is still lack of liquidity in the markets but this did not impact the euro in anyway while the volumes indicator on the one-hour chart is showing us there is low volume in the markets therefore meaning the markets today are calm.
The pound is resuming its plummet against the federal currency as it is still under effect the talks of the Bank of England Governor Mervyn King as he stated that the pound's decline is going to help the nation improve. This reduced the appeal of the royal currency in the markets causing it currently trade at 1.6008 between the support of 1.5961 and the resistance of 1.6044 while recording a high of 1.6061 and a low of 1.5915.
The yen extending its gains versus the dollar as a result of speculations that Japanese exporters' sent home earnings ahead of the fiscal first half that ends during this month and this meant that more investments were going to take place which supported the yen to incline. The USD/JPY is being traded at 90.43 while recording a high of 91.34 and a low of 90.40. For the pair we see a support at 90.30 and a resistance at 90.65.