Majors started today's session with a slight decline against the US dollar after reaching its highest levels yesterday. Whereas the Yen, it slightly inclined pushing the pair to the downside to trade around 114.48 levels. Today, the Euro is trading around the 1.4397 levels while the Sterling is trading towards the 2.0618 levels.
The Euro is fluctuating now within narrow ranges showing a slight decline against the US dollar to record a high of 1.4408 and a low of 1.4373. Today, a few major fundamentals are coming out. Starting with, Germany is releasing the German Unemployment Rate for the month of September where analysts expect a rise of 8.7% slightly lower than the prior rise of 8.8%. Germany is also releasing the German Unemployment Change for the month of October where analysts estimated a -30K reading better than the previous reading coming at -50. The Euro Zone on the other hand will release the Bloomberg retail PMI for the month of October where the previous reading was 50.5.
Calendar today lacks major fundamentals coming from the UK economy yet market shows a slight decline against the US dollar compared to yesterday's incline which was due to Carry trades. The GBP/USD pair recorded at the hour of this report a high of 2.0630 and a low of 2.564.
Finally, the Yen is inclining slightly due to the weakness of the dollar pushing the USD/JPY pair to the downside to record a high of 114.74 and a low of 114.36
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