Retrieved Carry Trades

The fifteen nation currency managed to climb higher against the US dollar as investors' tended to buy back the high yielding assets; the euro reached a high of 1.2637 levels after it breach 1.2567 trend line but it did not have enough momentum to climb back up to 1.2666 levels. The unified currency inclined even after we witnessed the weak data earlier today.

The British pound climbed higher against the US dollar as investors tended to buy back the high yielding assets, the pair inclined to test 1.5060 levels but it could breach it as it retreated back down to 1.4964 levels, yet according to technical indicators the pair has some potential to ease down but what's stopping this movement is the diffused optimism.

The US dollar continued its upside incline against the Japanese Yen to reach a high of 95.50 but it retreated back to trade currently at 94.99 levels, if the US dollar manages to breach 95.77 levels they would a wider chance for the pair to continue to climb higher.

Crown Forex

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