The sixteen nations euro; inclined in today's trading session, boosted by the better then estimated, PMI manufacturing readings where a recovery would take place in the sixteen nations with the pace of contraction narrowing, gradually. Confidence is crawling back in the euro area, especially after policy makers approved to intervene and spread tranquility. The EUR/USD inclined to currently to trade at 1.4066 levels, after recording a high of 1.4086 and a low of 1.4000; however, there are some expectations that the pair will decline on the intraday basis.
The British Pound plunged for the second time in the consecutive day, to currently trade at 1.6431 levels, discarding the better than expected improvement in the PMI manufacturing reading. If the pair continued its downside breach of 164.30 levels, the sterling will continue its downside movement; in the current support levels seen at 1.6430 and 1.6350 levels.
The USD/JPY inclined for the third consecutive day, to currently trade at 96.83 levels, after recording a high of 96.97 and a low of 96.16. The pair might target 97.80 levels today, where later on it might open a change for it to decline further down to 93.00 levels. Today's movement will be totally affected by the US fundamentals released later today; according to projections the ADP employment change, eased in June down to -395 thousand from the previous -532 thousand, along with the Pending Home Sales plunging on the month down to a flat reaching from the previous 6.7%.