Idea of the Day Last night’s July FOMC meeting minutes did little to provide guidance for the markets and the questions around the timing and size of Fed tapering remain. Timing remains the crucial focus for the markets and the consensus expects to see a reduction in central bank bond purchases sooner rather than later. This concept has kept the Dollar trading with a bid tone during the Asian session. Focus on the Eurozone PMI numbers are likely to dictate the next move, weaker numbers will likely see further pressure on EURUSD. Data/Event Risks EUR: The preliminary PMI data will be scanned for signs of further recovery in the Eurozone, especially in the periphery where some tentative signs of life have been seen in recent data. Stronger readings (especially in Spain and Italy) could give small lift for the single currency. Update: Euro-zone PMIs exceed expectations, but EUR/USD hesitates USD: As always, weekly claims in focus as the labour market remains the lynch-pin on which September tapering could be decided as the market is not yet totally convinced of Fed going down this path at this time. Latest FX News JPY: JPY has traded modestly lower overnight with USDJPY pushing above 98 and holding its ground into the European open. The BOJ suggesting a willingness to provide additional stimulus should the economic recovery falter. AUD: AUD remains on the ropes trading to a low of 0.8932 overnight but recovered on a better than expected China PMI Flash Estimate which came in at 50.1 (previously 47.7). GBP: Sterling’s post FOMC move has largely been in line with the wider Dollar move and with no significant UK data today this is set to continue. Early European trading sees an attempt on the 1.5580 support level. A break here could see an attempt on the more crucial 1.5530 level. See how to trade the British GDP with GBP/USD FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next EUR/USD Aug. 22 – Dollar Gains After FOMC Releases Kenny Fisher 9 years Idea of the Day Last night's July FOMC meeting minutes did little to provide guidance for the markets and the questions around the timing and size of Fed tapering remain. Timing remains the crucial focus for the markets and the consensus expects to see a reduction in central bank bond purchases sooner rather than later. This concept has kept the Dollar trading with a bid tone during the Asian session. Focus on the Eurozone PMI numbers are likely to dictate the next move, weaker numbers will likely see further pressure on EURUSD. Data/Event Risks EUR: The preliminary PMI data will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.