Forex.ee: Economic Daily Digest

Daily Digest of economic Forex.ee

Watch for major economic
news with us

Thursday,
October 15th

EUR/ USD up to one-month peak against the background
disappointing data on the volume
US retail sales. In September, retail sales rose by only 0.1%, while
While the base index of retail sales fell by as much as 0.3%. price index
producers was also negative with a value of -0.5%. Today is not expected
release significant news from the euro zone, however, on the American side of the market
It will follow the October index of business activity from the Federal Reserve Bank of Philadelphia, and
as for the core consumer price index. The single currency is trading in
1.1490 area to the levels of support and resistance at around 1.1368 and
1.1596, respectively.

GBP/ USD It was significantly higher after British publication ambiguous
economic data on the labor market, and also because of the current weakness of the dollar. Lb
It is trading at 1.5492 after breaking through the strong resistance level at
around 1.5414. Given the lack of significant news out of the UK, the pair
It will mainly follow the movements of the US dollar. That
less, GBP / USD remains in the downward
corridor that is clearly seen on the daily chart. Current levels of support and
resistance located at elevations 1.5286 and 1.5690.

NZD/ USD I climbed higher, reaching the highest point of the end of June
this year at the level of 0.6846. Weak US economic indicators fueled doubts
market about the possibility of an early lifting rates by the Federal Reserve, which caused
decline in demand for the dollar. Tomorrow, New Zealand is to publish an index of consumer
prices and, in the event of an encouraging development, the couple will be able to test
psychological level of 0.70. Current support and resistance are located at
levels of 0.6671 and 0.6938, respectively.

AUD/USD He is recovering from loss that experienced during steam
Tuesday amid output value of China's trade surplus. However, the index
Westpac Consumer Sentiment came out with
a positive value, provided that the Australian dollar
support on Wednesday. Today's labor market data were mixed.
The number of employed people grew not so fast as expected,
while the unemployment rate was below the predicted value. levels
Support and resistance is located at around 0.7213 and 0.7406,
respectively.

The best conditions for
starting at STP only in Forex.ee! Sign up account is now

and feel
the difference with the first deal!

your Europe ECN-broker,

Forex.ee.