Forex.ee: Economic Daily Digest

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Wednesday, April 13

EUR/USD morning under bearish pressure after
as strong data on Chinese trade balance contributed to raising
interest in risky assets, with the result that the single currency lost points. additional
Pressure on the euro became a factor for the dollar. Planned events in
today it is - the representative of the ECB E. Novotny, by the volume of data
Industrial production in February in Europe and in the US - and retail sales
Energy report. the pair is trading now
around 1.1355, with its support and resistance levels located at
1.1278 and 1.1455.

USD / JPY He jumped to
fresh daily highs at 109 after the Nikkei reached
fresh highs, triggering a wave of optimism in the markets, which will further weaken the yen.
Fresh buying interest was seen around the riskier assets,
such as bonds, called upbeat Chinese data. Today
traders attention will be paid to the oil price and stock market sentiment
Japan and the United States, in turn, will publish the underlying index and the index of retail sales
producer prices. The pair is currently trading at 108.90 with its
support and resistance at 107.93 and 109.41 respectively

Australian and
New Zealand Dollar was higher against its American counterpart during
Asian session, against the backdrop of rising oil prices, which have had a strong support
AUD and NZD, although disappointing Chinese data
the trade balance for March limited the rise.

AUD/ USD jumped 1% to 0.7716 - a two-week high in Asian trade
session that was due to the rise in oil prices to a five-month high in
Tuesday amid Russia and Saudi Arabia, reports reaching agreement on
freezing the level of oil production. Currently the pair is trading at 0.7665, with its
today's support and resistance levels located at 0.7614 and
0.7761.

NZD/ USD He moved on
0.96%, reaching 0.6952, and reaching a two-week high.
China's exports grew at an annual rate of 11.5% last month, while
while imports decreased by 7.6%. China is the largest export
Australia partner and second largest export partner of New Zealand.
After reaching its highest point of the pair decreased to the level of 0.69 and is now trading
at the level of 0.6925 with its support and resistance levels at 0.6871 and 0.6982.

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