Forex ee Economic Daily Digest

Forex.ee: Economic Daily Digest

Daily Digest of economic Forex.ee

Keep an eye on major economic news with us

Friday, July 22

GBP/USD

current
price:
1.3268
(0.3%)

Range: at
the opening of 1.3233 Max. 1.3289 Min. 1.3210

All trend: ascending

expected
trend:
Downward

expected
volatility:
low

levels
support and resistance:
P. S. 1.3102 1.3342

main
developments:
Preview.
index of business activity in the manufacturing sector in Britain, Preview. Index
business activity in the sector of the UK services Preview. PMI
US manufacturing sector

Overview: Lb
It traded with high spirits against the dollar this morning. Couple
It continues to be above the level of 1.32 against the backdrop of widespread currency weakness
USA. Nevertheless, the weak data on UK retail sales still support
Bears pound.

EUR/USD

current
price:
1.1020
(0.0%)

Range: at
the opening of 1.1026 Max. 1.1036 Min. 1.1016

All trend: ascending

expected
trend:
Downward

expected
volatility:
low

levels
support and resistance:
P. S. 1.0942 1.1101

main
developments:
Preview.
index of business activity in the manufacturing sector in the EU, Preview. PMI
activity in the EU services sector, Preview. PMI
US manufacturing sector

Overview:
Currently the pair is trading in a narrow
range on the background of the lack of serious releases on both sides. Yesterday, as
expected, the ECB left interest rates unchanged, thereby making
bulls on the euro to pick up a couple of levels of 1.1060. Nevertheless, a couple of quick
rolled back as M.Dragi during his press conference could not
give confidence to investors on the issue of the consequences of the recent referendum
Great Britain.

USD/JPY

current
price:
105.92
(0.1%)

Range: at
opening 105.81 Max. 106.28 Min. 105.56

All trend: ascending

expected
trend:
Downward

expected
volatility:
moderate

levels
support and resistance:
P. S. 104.16 108.34

main
developments:
Preview.
The index of business activity in the US manufacturing sector

Overview:
The yen has consolidated its
position and now remains under the level of 106. Yesterday the pair fell 200 points after
addition, as the head of the Bank of Japan Kuroda has denied rumors of a possible future
monetary policy easing by the central bank. So far, the couple was not in
able to undertake any attempt to restore as a new wave of
interest in less risky assets, coupled with profit-taking by traders
kept pressurized steam.

AUD/USD

current
price:
0.7474
(-0.3%)

Range: at
the opening of 0.7494 Max. 0.7510 Min. 0.7462

All trend: down

expected
trend:
Downward

expected
volatility:
low

levels
support and resistance:
P. S. 0.7426 0.7551

main
developments:
Preview.
The index of business activity in the US manufacturing sector

Overview:
At the moment Australian
He is trying to restore its position after today’s drop caused by
speculation the RBA to reduce interest rates in August. Nevertheless, attempts
couples recover seem unconvincing, as positive data from the market
US housing, presented yesterday, still support the dollar.

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