Wednesday, December 21, 2016

Daily Economic Digest from Forex

Daily Economic Digest from Forex.ee

Daily Digest of economic Forex.ee

Keep an eye on major economic news with us


Wednesday, August 30



Couple EUR/ USD It keeps the negative mood today, moving more than a cent from
its 2.5-year highs, marked yesterday near the level of 1.2070. To the moment
writing, the pair is trading near 1.1950, continuing to retreat from yesterday
vertices. The sharp decline in the pair is largely attributable to profit-taking after
significant bullish movement EUR / USD, caused by recent events from the Korean
Peninsula and the widespread sale of US currency. Moreover, it seems that
fears of a further escalation of the situation on the Korean Peninsula gradually
They begin to disperse, which also puts pressure on the major currency pair in
Wednesday. Further, today the price dynamics of the US dollar and investor interest
risk assets will continue to be major factors in the guides
couples, while the macroeconomic data from the US will be able to set the short-term
trend of the pair during the trading session of the SA.



Australian is the most profitable asset Asian
session, allowing the pair AUD / USD update their monthly highs at around 0.7996.
The pair regained its bullish tone after Australian data
released during the Asian session, showed a significant improvement
Activity in the construction sector and positive indicators for approval at
building. Moreover, the recovery of the interest of traders to more risky
instruments due to lower tensions over North Korea as
It supports higher-yielding assets such as the Aussie. On the other hand, continued
US dollars restoration after it has significant fall yesterday
pressure today for a couple. Now all the attention of investors shifting towards
US data block includes changes employment of ADP and
preliminary report on GDP, but any sudden movements of the US dollar against the
its main competitors today can also have a significant impact on
pair.



Couple USD / JPY retains its fighting spirit in
Wednesday, extending the recovery from 4-month lows posted at
108.26 against the background of a large wave of risk aversion. Yesterday the pair ran into
strong pressure from the sellers on the background of the recent news that the ballistic
North Korea's missile entered the airspace of Japan, which caused a strong
demand for safer assets. However, the pair rebounded from their recent lows and
broken psychological resistance level, located on 110.00 have
as traders see no further aggravation of tension around North
Korea, which brought the demand for risky assets back to normal.
Regarding macroeconomic events for today, the US calendar will present
reports on changes in the number of people employed in non-farm payrolls from ADP and
GDP data, which, in turn, will be able to set the short-term trend for
couples, but the price action of the US dollar and the demand for risky assets remain today
key determinants for the pair.



Couple NZD / USD It traded today in the southern
direction, departing from their weekly highs marked at last
0.7298, against the background of my head RBNZ G.Uilera. Mr. Wheeler has once again
He said that the higher the position of the dollar in New Zealand were uncomfortable
for the Bank, as well as a negative impact on the rate of inflation in the country. These heads of the Central Bank of comments were received
the market as a "dove", which, in turn, had a negative impact on the pair.
Moreover, the widespread recovery of the dollar also provides a couple of some
bearish pressure on the equator of the working week. On the other hand,
aggravated the situation around North Korea gradually began to cool, the
thus providing some support to riskier assets. Looking ahead,
Today, we are quite rich session as the economic
US calendar contains information such as the statement of changes in employment from
The ADP, the preliminary GDP figures and US crude stocks according to the Ministry of Energy,
who can bring fresh trading opportunities for investors in the CA session.



main
events of the day:


Changing the number of people employed in non-agricultural sector
United States from ADP - 15.15
(GMT +3)


Preview. US GDP - 15.30 (GMT +3)


Crude oil reserves in the United States - 17.30 (GMT +3)



levels
Support and resistance for the major currency pairs:


P. S. EURUSD 1.1871 1.2121


P. S. USDJPY 107.65 110.95


GBPUSD P.
1.2873 C 1.3001


USDCHF P.
0.9380 C 0.9646


AUDUSD P.
0.7869 C 0.8025


NZDUSD P.
0.7177 C 0.7337


USDCAD P.
1.2390 C 1.2610


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