Big Event for today: Bank of England Rate Decision

[Previous]

Yesterday(Dec.03) the USD index kept rising up as what the Bullish candlestick shown in the charts, ranged from 88.51 to 88.93. USD index ‘s success is benefitted from the European currencies’ downturn and the perseverance of ISM non-manufacturing figures for American market. EUR/USD fell down consistently to 1.2300 and eventually stopped.
Regarding the figures gathered yesterday, the U.S was still in the upper hand. The increasement of ADP job numbers in November couldn’t live up to what we anticipated, the gold was stand still, but the subsequently released figures about non- manufacturing index was higher than the previous and the expected ones, indicating the USD is still the main strength in the market. S&P500 was growing rapidly two days in a row, but the gold failed to pick up the pace. USD Fed's Fisher implied in a interview yesterday that USD Fed’s was considering to take the promise as ‘ maintain low interest rates in a long period of time’ back, which inspired those investors to start over . It’s no doubt that EUR was in a awkward position as the USD was taking giant steps. Today is the date when GBP Bank of England releases rate decision, many argued about if the Mario Draghi would declared investors can expand the assets-buying market, some financial organizations such as BNP PARIBAS reckoned that a big QE dinner is about to be served on the table while some like Goldman Sachs are still standing on the sideline , waiting for the best opportunity to come.
AUD/USD’s situation doesn’t look very good, either. The reason maybe is their GDP failed to compete with the previous and the expected ones. Now the number is swinging back and forth around 0.8400, but still there is a sight to stand steadily.
Today’s big event is both Bank of England and the European Central Bank are having a rate decision conference.
【Economic Calendar】(GMT+8）
2014-12-04 01:30 USD Fed's Plosser Speaks on the Economic Outlook in Charlotte, NC
2014-12-04 03:00 USD U.S. Federal Reserve Releases Beige Book
2014-12-04 03:00 USD Fed's Brainard Speaks on Financial Stability in Washington
2014-12-04 13:00 JPY BOJ Board Member Sato Holds Press Conference
2014-12-04 20:00 GBP Bank of England Rate Decision (DEC 4)
2014-12-04 21:30 EUR European Central Bank holds press conference
2014-12-04 21:30 USD Fed's Mester Gives Opening Remarks at Conference in Washington
2014-12-04 22:00 GBP BOE's Andrew Gracie Speaks in London

Gold spot
Obstacle: 121 1220
Holding-up: 1200 1195

Silver spot
Obstacle: 1.2350 1.2425
Holding-up: 1.2300 1.2260

EUR/USD
Obstacle:1.2350 1.2425
Holding-up: 1.2300 1.2260

USD/JPY
Obstacle: 119.90 112.30
Holding-up:119.30 118.80

GBP/USD
Obstacle: 1.5700 1.5800
Holding-up: 1.5660 1.5880

[Tips]
All the information mentioned above is for reference only. The FX team will keep an eye on the market and set up the trading strategies specifically. If you are looking for more signal-providing services and investment instructions, please pay more attention to us.https://www.fx77.com/?lang=en&lrx