FXstreet.com (Buenos Aires) - Early Asia, majors are set to extend gains against greenback, despite markets in Japan, Indonesia, and Pakistan remain closed; local share markets likely to rise following positive day in Wall Street. Data published less than an hour ago show a much better than expected GDP for NZD sending the currency to a fresh yearly high against dollar, dragging again the American currency down across the board.
Majors gains however, will likely remain limited ahead of FOMC meeting result to be release tomorrow in the American afternoon. Despite FED is widely expect to keep rates unchanged, statement will be closely study searching for any possible policy change or economic outlook.
EUR/USD quotes around 1.4800, with immediate resistances at 1.4822, yesterday's high, and 1.4866, past September 2008 high; GBP/USD needs to move above 1.6400, 61.8% retracement of the 1.6567/1.6135 rally to extend gains to 1.6460 area, and stronger 1.6520; however, pair likely to remain quiet in Asia, waiting for the Minutes of last BOE's meeting to be release early in Europe.