Forex.ee: Economic Daily Digest
Daily Digest of economic Forex.ee
Keep an eye on major economic news with us
Tuesday,
6 September
AUD/USD
current
price: 0.7638
(0.7%)
Range: at
the opening of 0.7584 Max. 0.7656 Min. 0.7580
All trend: ascending
expected
trend: ascending
expected
volatility: moderate
levels
support and resistance: P. S. 0.7540 0.7648
main
developments: Index
business activity in the non-manufacturing sector ISM from the US, Australia's GDP
Overview: Today
The RBA kept its interest rate at its record low of 1.5%, leaving
a pair of bulls is not impressed with his decision. Nevertheless, the pair carried out a moderate
rise during the Asian session, as a statement of the RBA
monetary policy still provided some positive hints about
economic growth in the country. the couple also received an additional boost in the north
direction after positive data from Australia, presented earlier. Now
entire focus shifted towards US data to be released in the course of
American session, as well as Australian GDP, which also did not remain without
attention of traders. But as long as the pair will continue to be influenced by the recent
RBA decision, which is still under discussion in the markets.
EUR/USD
current
price: 1.1156
(0.1%)
Range: at
the opening of 1.1148 Max. 1.1159 Min. 1.1140
All trend: ascending
expected
trend: ascending
expected
volatility: low
levels
support and resistance: P. S. 1.1112 1.1200
main
developments: Index
business activity in the ISM non-manufacturing sector of the US
Overview:
Today, the main currency pair keeps its narrow trading range in 15
points near the level of 1.1150. The euro / dollar is ignored does not live up to expectations
Data from Germany on the background of the upcoming key events this week. Now traders
They focused their attention on the ECB interest rate decision, which is scheduled
on Thursday, which in turn limits the volatility of the pair. the
Still bears on the euro remained strong in recent years against the backdrop of
political instability across the euro area, as Merkel has setbacks at the
regional elections, and the referendum is approaching critical in Italy, which
casts doubt on its membership in the EU.
USD/CAD
current
price: 1.2900
(-0.2%)
Range: at
the opening of 1.2930 Max. 1.2935 Min. 1.2887
All trend: down
expected
trend: Downward
expected
volatility: low
levels
support and resistance: P. S. 1.2853 1.3031
main
developments: Index
business activity in the ISM non-manufacturing sector of the US
Overview:
Today, the Canadian dollar is trading positive c
attitude against its US neighbor to the background of the continuing rise in prices
oil. In addition, widespread dollar sell-off, fixed from the beginning
this week, also promotes the growth of the Canadian, forcing the couple to update their
8-day high, reaching to the resistance level at 1.2900. Next in
focus remains on meeting the Bank of Canada's Monetary Policy
which is expected tomorrow.
USD/JPY
current
price: 103.33
(-0.1%)
Range: at
opening 103.44 Max. 103.82 Min. 103.26
All trend: down
expected
trend: ascending
expected
volatility: moderate
levels
support and resistance: P. S. 102.58 104.54
main
developments: Index
business activity in the ISM non-manufacturing sector of the US
Overview:
Bulls in the yen continued at the beginning of the European session to restore lost
position against the background of the widespread sale of the US dollar, which puts pressure on
pair. Yesterday the pair has lost all his positions taken after Friday's report from the
US labor market, moving to the level of 103.00. Nevertheless, the growth of the yen looks
unconvincing, as the markets continue to discuss the "pigeon" speech Kuroda of weakening
Bank of Japan's monetary policy, which is still putting pressure on the Japanese
currency. Today, against the backdrop of a lack of fundamental issues with the Japanese side
the pair will remain under the influence of the general tendency of traders to risky assets to
the release of US data during the American session.
The best conditions for the start at the STP only Forex.ee! Sign up account is now
and feel the difference with the first deal!
your Europe ECN-broker,
Forex.ee
No comments:
Post a Comment