The Euro is trading at 1.0667 at this writing.  The low has traded at 1.0642 while the high has traded at 1.0691.  The Euro has eased further today as Europe continues to deal with the aftermath of the terrorist attacks in Paris, France.  The downside pressure on the currency continues to weigh heavily on the Euro.  With a highly anticipated rate hike soon to take place in the US as well as various geopolitical issues which are having influence in the problems Europe is facing, the Euro faces multiple headwinds causing investors to face a future with increasing uncertainties. Earlier this morning, the Italian Trade Balance is lower than expected registering 2.19 billion Euros.  German Zew Economic Sentiment is better than expected posting 10.4 in the process.  However, European Zew Economic Sentiment is worse than anticipated with 28.3 recorded.  This data has not caused the Euro to ease any more swiftly than it already had earlier today.  Investors will now be looking ahead to the US data releases out later this morning for additional directional opportunities to deliver a profit. 

The British Pound is trading at 1.5209 at the moment.  Sterling has traded as low as 1.5154 while the high has traded at 1.5217.  Cable has recouped ground it had lost earlier this morning following the release of a host of inflation data that was released out of the UK this morning.  UK CPI met expectations with -0.1% but UK Core CPI was slightly better than expected with 1.1% recorded.  UK PPI Input was 0.2% while UK PPI Output was slightly higher than expected registering 0.0%.  The UK RPI was lower than expected with 0.7% when 0.9% was anticipated.  Finally, UK HPI beat expectations to record 6.1%.  Overall, this data is seen as mostly positive which has helped the pound gain support following the release of the data.  Currently the Pound remains poised towards the upside and may encounter further support once the US session begins.  This support will be contingent upon the US data that will be released later this morning which includes US CPI data.

The Japanese Yen is trading that the 123.27 presently.  USD/JPY low has traded at 123.16 with the high trading at 123.43.  USD/JPY has been range bound over the course of trading today.  There has been no major economic data released out of Japan today which has seen the Yen fail to test the parameters of the current range.  Investors may be waiting until Thursday to act following the BOJ rate announcement.  There may be an inclination for the BOJ to expand the current stimulus program in order to give the Japanese economy an added boost.  Recent Japanese GDP data indicated a negative number which could be the impetus the BOJ needs.  Directionally, USD/JPY will probably remain range bound but look for a directional shift if the US data to be released today is anything except what is expected.  This is especially likely as the US data is ranked highly important.

AUD/USD is trading at 0.7113 with the low trading at 0.7072 and the high trading at 0.7124.

USD/CAD is trading at 1.3328 with the low being 1.3299 and the high being 1.3344.


This information has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information.