Tuesday, October 17, 2017

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

Tuesday, April 5


NZD / USD now it is trading at 0.69% lower early in the session, being near the mark
With a minimum of 0.6800 this morning at 0.6785. Kiwi is today under
heavy bearish pressure, falling under the influence of a negative mood
tangible tools such as Asian stocks and oil prices. new zealander
today will continue to be influenced by market sentiment, in
while the index of business activity in the non-manufacturing sector of the US (PMI)
by ISM in March will give new impetus to the pair NZD / USD. Currently the pair is trading at
0.6797 with support and resistance arranged to couple at the levels 0.6777
and 0.6887.



EUR / USD retreats from 1.14 barrier, waiting for release
PMI indices of the eurozone bloc in the service sector. Earlier today Germany reported
unexpectedly strong fall in manufacturing orders (-1.2% vs.
forecast + 0.5% and before. -0.1%). The news caught by surprise on the EUR bulls and
He pushed the single currency.

Activities planned for the main couple in the calendar for today
- an index of business activity in the euro area services sector (March), to be followed by
data on retail sales, while the US will publish the index today
business activity in the non-manufacturing sector (PMI) from the ISM (March) and the number
vacancies in the labor market Jolts (February). Pair now
It is trading at 1.1378, meeting support and resistance levels at elevations
1.1317 and 1.1431.



USD / JPY continues to fall and has already surpassed lows
this year, noted in the last month at the level of 110.65. Bearish pressure on
pair strengthened against the background of continuing decline in Japanese stocks. As a result,
USD / JPY has updated the 1.5-year low at 110.60, and target the key
110 support.

Weak statistics Germany factory orders can enhance a flight from
risks in Europe, which will further support the yen.

Today's news for the couple will be - the index of business activity in the
US non-manufacturing sector (PMI) from the ISM (March) and the number of open vacancies at
Jolts labor market (in February). The pair is currently trading at 110.46 with
support at 110.28 and resistance at 111.87, respectively.



AUD / USD now it is gaining bearish momentum, dropping down from today's highs
about the level of 0.7630, which accelerated interest around the US currency.
As expected, the RBA left unchanged its monetary policy in the
today's meeting, refraining from the usual pressure on the Australian
currency, which is generally, market participants perceived hawkish in the world. The pair is trading
around 0.7575 with support and resistance levels, located at around 0.7543
and 0.7662

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