Forex.ee: Economic Daily Digest

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Monday,
July 25th

GBP/USD

current
price: 1.3146
(0.0%)

Range: at
the opening of 1.3143 Max. 1.3150 Min. 1.3110

All trend: ascending

expected
trend: Downward

expected
volatility: low

levels
support and resistance: P. S. 1.2947 1.3369

main
developments: Index
UK industrial orders Overview: Today
steam trying to recover from the two-cent fall in past fixed
Friday. Late last week, the pair reached the level 1.3080 on the back of weak Index
business activity in the UK services sector activity and bulls in the dollar.
Nevertheless, the dollar is losing its position, preferring to hand pound
earlier this week.

EUR / USD

current price: 1.0965
(-0.1%)

Range: at
the opening of 1.0971 Max. 1.0980 Min. 1.0951

All trend: down

expected
trend: Downward

expected
volatility: moderate

levels
support and resistance: P. S. 1.0905 1.1075

main
developments: Index
German IFO business climate

Overview:
The pair is trading within a relatively tight range at the start of this week,
maintaining its level near the lows recorded for the first time after
UK referendum. The pair fell on Friday, breaking a key level
Resistance 1.1000, against the background of positive data on the index of business activity in the
US manufacturing sector. Currently the pair is still waiting for data
business climate index for Germany IFO to determine further development.

USD/JPY

current
price: 106.25
(0.0%)

Range: at
opening 106.20 Max. 106.74 Min. 106.01

All trend: ascending

expected
trend: ascending

expected
volatility: moderate

levels
support and resistance: P. S. 105.17 106.83

main
developments: There are no

Overview:
The pair is currently retreating from a daily high against the backdrop of positive
Information on the Japanese trade balance. Also, a new wave of investor interest
less risky assets gave additional bearish pulse pair. Nothing
important data are scheduled in the calendar for the pair, so that today, USD / JPY remains
influenced by general market sentiment.

USD / CAD

current
price: 1.3153
(0.2%)

Range: at
the opening of 1.3126 Max. 1.3156 Min. 1.3123

All trend: ascending

expected
trend: Downward

expected
volatility: moderate

levels
support and resistance: P. S. 1.2991 1.3253

main
developments: There are no

Overview:
The Canadian dollar managed to recover
some ground against its US neighbor, moving away from the lows earlier
fixed in May. On Friday, the pair reached the 1.3185 level, despite the positive
Canadian data on retail sales and consumer price index. also in
Friday, the pair was influenced by lower oil prices, which, in its
turn, put additional pressure on the Canadian dollar. And on the "dessert"
bovine pulse pair received from stronger data prior Index
business activity in the manufacturing sector of the US at the beginning of the US
session.

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