Tensions in Ukraine drive safe haven currencies higher

<p>Tensions in Ukraine are still driving the markets. With the US now voicing its opinion on the matter, it seems to be driving risk trades […]</p>

Tensions in Ukraine are still driving the markets. With the US now voicing its opinion on the matter, it seems to be driving risk trades lower and haven currencies higher – with the JPY in particular.

Overnight the China HSBC manufacturing PMI was released. The figure came in at a seven-month low, causing a bid tone in the USD.

Today’s data is all PMI related to the EU and UK this morning and later this afternoon the US is expecting a higher figure than before and the expansion area above 50.



Supports 1.3750 1.3720 1.3640 | Resistance 1.3830 1.3850 1.3895



Supports 101.20 101.00 100.75 | Resistance 101.70 102.50 102.80



Supports  1.6680 1.6620 1.6585 | Resistance 1.6700 1.6820 1.6880


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