Forex.ee: Economic Daily Digest

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Thursday,
25-th of August

EUR/USD

current
price: 1.1269
(0.0%)

Range: at
the opening of 1.1264 Max. 1.1280 Min. 1.1258

All trend: ascending

expected
trend: Downward

expected
volatility: moderate

levels
support and resistance: P. S. 1.1207 1.1339

main
developments: basic
orders for US durable goods number of initial applications
benefits for unemployment in the US

Overview: AT
Currently, the pair is retreating from its daily highs marked on
the level of 1.1280, after weak data on the IFO business climate index in Germany,
presented at the beginning of the European session. However, the euro still has
positive attitude against its US counterpart, meeting support
near the level of 1.1270. Also today, traders remain cautious ahead
upcoming main event of the week - speech of the chairman of the Federal
Dzh.Yellen backup system planned for an economic symposium in
Jackson Hole, thereby limiting the volatility of the pair.

GBP/USD

current
price: 1.3215
(-0.1%)

Range: at
the opening of 1.3232 Max. 1.3265 Min. 1.3201

All trend: down

expected
trend: Downward

expected
volatility: low

levels
support and resistance: P. S. 1.3109 1.3333

main
developments: basic
orders for US durable goods number of initial applications
benefits for unemployment in the US

Overview:
Pound slightly retreated from a session high marked on the level
1.3264, and currently entrenched just above 1.3200. The pair GBP / USD is traded
in a fairly quiet time this morning as traders remain
cautious ahead of risk events this week - speech
Federal Reserve Chairman Dzh.Yellen system, which is scheduled for
tomorrow. In addition, recently a couple experiencing conditions of low volatility,
since postreferendumnye excitement begin to subside due to the positive
macroeconomic data from the United Kingdom.

USD/CAD

current
price: 1.2912
(-0.1%)

Range: at
the opening of 1.2927 Max. 1.2938 Min. 1.2911

All trend: down

expected
trend: Downward

expected
volatility: moderate

levels
support and resistance: P. S. 1.2872 1.2984

main
developments: basic
orders for US durable goods number of initial applications
benefits for unemployment in the US

Overview:
USD / CAD pair is trading in a quiet mode, mainly,
adhering to the general market sentiment. Currently, Canadian attempts
to return part of its position in the background of the oil price recovery after
News Agency US Department of Energy published data on the unexpected
growth of oil reserves in the country. Today
the pair will have no clearly marked path, as traders will refrain from
making important decisions on the background of the coming economic symposium
held in Jackson Hole.

USD/CHF

current
price: 0.9657
(-0.1%)

Range: at
the opening of 0.9669 Max. 0.9679 Min. 0.9651

All trend: down

expected
trend: Downward

expected
volatility: moderate

levels
support and resistance: P. S. 0.9598 0.9718

main
developments: basic
orders for US durable goods number of initial applications
benefits for unemployment in the US

Overview:
Today the pair has remained in a narrow range during the Asian session after
4-day consecutive growth. The US dollar continues to remain under
pressure after yesterday's weak data from the housing market of America, which
allowed the pair to enter the consolidation phase between levels of 0.9660-75. today from
pair is not expected any major movements as traders remain
wary on the eve of the economic symposium in Jackson Hole speech Chairman
Fed planned during it.

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