Closed in NY at $1.3565, having seen post FOMC extended highs of $1.3588. Rate marked lows into early Asia at $1.3562 before it settled around $1.3570 through the balance of the Asian morning. Late session buying sees rate mark session highs at $1.3584 into Europe with traders aware of offers placed from that NY high at $1.3587 and extending toward reported barrier interest at $1.3600. A break here to expose next barrier at $1.3625, with Asian traders noting that stops are seen from $1.3615 through to $1.3655. Support seen into $1.3560 ahead of $1.3535/30. German retail sales data at 0700GMT to provide the early interest, followed by SNB reserve data, with traders looking to see if the Bank has increased/decreased percentage holdings of euro (last 48%). Germany employment and inflation due at 0855GMT and 1300GMT respectively. US personal income/PCE due at 1330GMT ahead of the Chicago Report at 1445GMT. Last day of January with models suggesting dollar sales to be seen at fixes.
EasyForexNews Research Team