Fed chairman Janet Yellen suggested on yesterday’s testimony that Fed would raise interest rate gradually. Meanwhile, she indicated that constant financial turbulence may drag policy-maker’s intention out of track. She still sounds optimistic on US economy and inflation. When it comes to negative interest rate issue, she believed that it is still not ready for US to adopt negative interest rate.
EUR/USD
The EUR/USD is currently traded at bearish trend, and we believe it will continue to bounce up within the rebound range. We are mainly buyers of call options and suspended at 1.1338.
Support:1.1222/1.1200 Resistance:1.1338/1.1400
GBP/USD
Seen from the 1-hour chart, the GBP/USD continues to trade with bearish momentum. We prefer buying call options.
Support:1.4500/1.4428 Resistance:1.4593/1.4620
USD/JPY
As the USD/JPY is controlled by a fairly strong bearish sentiment, we are mainly buyers of put options. While there appears a rebound at the bottom, call options can be purchased during the morning session.
Support:111.00/110.80 Resistance:113.63/114.50
[Tips]
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