Coming Up Today(all times GMT)

  • GBP CPI y/y (8:30)
  • EUR German ZEW Economic Sentiment (9:00)
  • USD Building Permits/PPI m/m (12:30)

Investors are still in doubt over the Euro Zone's fragile economic recovery despite the single currency's heroic effort to rebound off of four year lows. Meanwhile, US equities slumped following a weaker than expected figure for the May Empire State Manufacturing index in New York. Strong employment numbers couldn't support change the tide of risk sellers. Asian equities followed suite and were mostly flat. .

EURUSD

The Eurodollar traded in a range of 1.2282-1.2415, as the euro showed a bit of a improvement when the ECB announced the amount of its bond purchases.

Support/Resistance 1.2245/1.2415

USDJPY

Usd/jpy traded in a range of 91.83-92.70. The market sentiment seems to remain volatile in the near term keeping many traders on the sidelines.

Support/Resistance 91.75 /92.90