The majors moved in narrow ranges against the dollar during today’s Asian session. The dollar index traded between the lowest 86.02 and the highest 86.13. The index now is trading around 86.05. The US will release today PPI along with the housing start, building permits for the month May, industrial production and the EIA crude oil inventories.
The euro against the dollar traded during the Asian session between the highest of 1.2325 and the lowest at 1.2307. Now the pair is trading around the 1.2319 level, between 1.2295 and 1.2335. Europe will release today its CPI for the month of May. The hourly momentum indicators point that the pair might rebound from an oversold area. As for the four hours and daily indicators they show the pair is within an oversold area. The pair today may trade around 1.2430 if it breaches the 1.2360 levels, and may trade around 1.2085 if it breaches the 1.2160 levels.
The pound against the dollar traded between the highest of 1.4815 and the lowest of 1.4792. Now the pair is trading around the 1.4811 levels between 1.4795 and 1.4850. UK will release today its jobless claims and the ILO unemployment rate for April. The hourly momentum indicators point that the pair might rebound from an oversold area, while the four hours and the daily indicators show the pair is within an overbought area. The pair today may trade around 1.4960 if it breaches the 1.4930 levels, and may trade around 1.4730 if it breaches the 1.4770 levels.
The dollar against the yen traded between the highest of 91.65 and the lowest of 91.44. Now the pair is trading around 91.50 levels between 91.20 and 91.80. BOJ released today its monthly report. The hourly and daily momentum indicators show the pair might rebound from an overbought area, while the four hours indicators show the pair might rebound from the an oversold area. The pair today may trade around 92.65 if it breaches the 92.25 levels, and may trade around 90.00 if it breaches the 90.60 levels.