The United States released a series of mixed data in today's trading, which included the PPI for September, S&P/Case-Shiller Home Price Indices for August, and Consumer Confidence for October. The country's PPI fell by -0 1% on a MoM basis, against expectations that it would rise by 0.2%. Meanwhile, it rose by 0.3% over the past 12 months, which was slightly lower than the expected 0.6%. Home Price Indices for August rose by 12.8% over the past 12 months, which came out better than the expected rise by 12.5%. Consumer Confidence fell sharply from the previous 80.2 to 71.2, and against expectations of a drop to just 75.0.
The data, however, failed to produce a significant impact on the EUR/USD pair. It hovered around the 1.3760-1.3770 areas before rising to the 1.3785 zone. It is currently trading at 1.3789, with initial resistance seen at 1.3802, followed by 1.3836. Meanwhile, initial support is at 1,3758, followed by 1.3723.
As for the USD/CAD, the pair received a slight boost from the combination of mixed US data and disappointing figures from Canada. Canada's Industrial Product Price for September fell by - 0.3% on a MoM basis, against expectations of it falling just by - 0.2%. Its Raw Material Price Index also fell by - 1.5% in September, which came out lower than the expected - 0.7%.
The USD/CAD pair broke past the 1.0440 zone after the release of the data, which came from a low around the 1.0428 area. It is now trading at 1.0435, with initial resistance seen at 1.0449, followed by 1.0475. Meanwhile, initial support is at 1.0425, followed by 1.0399.
The USD/JPY pair broke past the 98.00 zone today despite the mixed US data. It has, however, slid over the past few hours, and is currently hovering around the 97.85-97.87 zones. It is currently trading at 97.85, with initial resistance seen at 97.73, followed by 97.98. Meanwhile, initial support is at 97.38, followed by 97.14.
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