Not mentioning interest rate hike decision, Fed claimed that American economy has expanded mildly in the past several months with labor market and employment improving . Unemployment rate has declined, with inflation rate in low level, long term inflation is anticipated to keep steady. Interest rate hike requires more time for current inflation is still lower than expectation.
During the session today, KOF Leading Indicator (July)will see light in Switzerland, with Unemployment Change and Unemployment Rate released in German. CPI(YoY)(July) will also see light in Germany. We will anticipate Economy Sentiment Index to be released in Eurozone, and GDP(YoY)(Q2) is schemed to publish in the US. With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trading.
EUR/USD
The EUR/USD pair continues to show bearish momentum which offer short-term trading opportunity of buying put option. Resistance is found at 1.1050/1.1100 and support at 1.0920/1.0870.
USD/JPY
As the USD/JPY continues to show bullish sentiment, we are buyers of call options on dips. Resistance is found at 124.50/124.80 and support at 123.80/123.50.
GBP/USD
The GBP/USD pair has bounced around with consolidation, so we would like to buy put option. Resistance is found at 1.5650/1.5700 and support at 1.5550/1.5500.
[Tips]
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