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

Monday,
9th May

GBP / USD has been unable to hold their ground and
He is now consolidating near its ten-day lows near 1.44 in
due to the strengthening of the position of the dollar across the board. The pair is still
It is supported by oil prices, driven wildfires
Canada. Nothing important scheduled in the calendar of events for today
day, except for the secondary data, such as the price index for housing in Halifax from
UK and US labor market data. At the moment, the pair trades
at the level of 1.4411 with its present support and resistance levels at elevations
1.4324 and 1.4523

USD / JPY
It regained its position after disappointing data from the US on Friday,
which made it possible to test the 106.43 mark. At the moment, the pair keeps fighting spirit and can
attempt to test the area of ​​108, against the dollar on the rise
across the board. data calendar is empty today, that
It means that the pair will remain under bullish pressure as the dollar
will continue to push the pair higher. Currently the pair is trading at 107.55, with its
today’s support and resistance levels located at 106.02 and
107.96.

EUR/USD virtually did not change its position at the beginning of this
week, hovering in the region of 1.14 level. The pair regained its position after
US Friday’s report and stabilized near 1.14, after fresh pa
highs marked on at the level of 1.1616 last week. Today there are
published by Sentix investor confidence index from the euro zone, with subsequent
data on the US labor market and the performances of FOMC members Charles Evans and H. Kashkari.
Currently the pair is trading at 1.1400, with its levels of support and
resistance at 1.1321 and 1.1470.

USD / CAD was trading at the upper area
recently achieved positions, encountering resistance at the psychological barrier
at around 1.30. Against the background of intensification of dollar
bulls across the board and oil prices, the pair continues
move to new highs this month, while the attention of traders
It remains on the forest fires in the region of Alberta in Canada. Currently the pair is trading
at the level of 1.2939, with the best attempt to reach the level of 1.30 at the level of 1.2950.
Support and resistance levels are 1.2840 and 1.3022 respectively.

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