Several Fed policy makers will make speaks this week but the analysts don’t hold any hope that their speaks will rekindle the expectation for interest hikes this year. The Fed will hold its next policy meeting on April 26-27. The analysts warn that several Fed senior officials will make speaks later today and there may be a change in the market.
The Canadian Imperial Bank of Commerce said that according to the Federal Reserve Chairman Yellen’statements and the general opinion of the FOMC, if the core inflation lasts longer than what the FOMC Committees has expected currently, the Fed will tend to raise the interest rate on June more firmly, which will recover some losses in U.S. Dolla.
EUR/USD
EUR/USD continues the consolidation at high levels. There is no certain trend so far whether it is going to rise or fall. However, it is easier for a fall than a rise. As a result, we are mainly put options buyers.(HKT)
Support: 1.1380/1.1350 Resistance: 1.1450/1.1500
GBP/USD 
As GBP/USD is in a pullback correction in the morning session, we are mainly put options buyers before the 1.4200 support. If it breaks below there, continue to buy puts. If the support is valid, turn to calls. (HKT)
Support: 1.4200/1.4150 Resistance: 1.4270/1.4286
USD/JPY
As USD/JPY rallies at the low level, we are call options buyers during the daytime session. (HKT)
Support: 107.00/106.60 Resistance: 108.34/109.00
[Tips]
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Tuesday’s Technical Analysis on EUR/USD,GBP/USD,USD/JPY
Published 04/11/2016, 11:35 PM
Updated 03/09/2019, 08:30 AM
Tuesday’s Technical Analysis on EUR/USD,GBP/USD,USD/JPY
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