Thursday, December 28, 2017

Daily Economic Digest from Forex.ee

Daily Economic Digest from Forex.ee

Daily Digest of economic Forex.ee

Keep an eye on major economic news with us


Wednesday, February 15



Couple EUR/ USD It was again under bearish pressure after a short
recovery recorded during the Asian session, as participants
market continue to discuss yesterday's "hawkish" speech Fed Chairman
Dzh.Yellen. During the press conference, Yellen stated that increasing interest
rates in the coming months is still appropriate, however, noted that the specific
Date of increase has not yet been determined. Moreover, the "hawkish" statements of the head
Fed restored confidence on the US growth outlook
under the leadership of D.Trampa. Currently, most currency pair trading near
level 1.0550, having lost her positive attitude at the beginning of the European session.
Looking ahead, the US event calendar remains empty in this environment at the time,
as the eurozone economy is present only on the trade balance data
It is unlikely to draw attention to themselves.



Couple GBP / USD It continues to trade in
the area of ​​their recent lows after twice per day was under
blow. On Tuesday, the pair lost a cent as a result of disappointing data on
UK inflation, which came in below market expectations, which allowed
the pair down to the 1.2443 level. Moreover, any attempt to restore
were limited then "hawkish" speech Fed Chairman Dzh.Yellen,
which further fueled investors' expectations regarding future
US raises refinancing rate. At the time of writing, the pair is trading at
the level of 1.2455, remaining in anticipation of the publication of reports from the UK labor market
whereas, as a block of data from the US also can significantly affect the pair.



Australian dollar He regained most of its losses against the
his American opponent, moving away from yesterday's lows marked on
the level of 0.7618 after the speech by Fed Dzh.Yellen. Yesterday the pair AUD / USD slipped sharply
against the background of general market sentiment, which were based on recent comments
Fed chairman. During his speech, Yellen stressed that the wait
too long to increase the interest rate it would be unreasonable, thus
hinting at the upcoming monetary tightening during the next
meetings of members of the Fed. Nevertheless, the pair was able to recover its fighting spirit
immediately after his fall, as the keen interest of market participants to more
risk appetite has supported the currency of Australia. Today, the second part of the speech
Fed chairman Dzh.Yellen will remain the center of attention during the North American
session.



It seems that
American bulls have lost control of a pair USD / CAD, allowing it to depart from its highs overnight. currently
the pair is trading in a narrow corridor of 15 points to the level of 1.3070 area,
stepping back from the 1.3095 mark, despite the strong dollar, reinforced by the recent
"Hawkish" speech of the Fed, and the decline in oil prices. At present, the
data calendar for the couple planned: report on US inflation at the volume of data
Retail sales, a report on crude oil inventories from the US Department of Energy, and the second part
speech Fed Chairman Dzh.Yellen that will remain in the spotlight
During New York trading.



main
events of the day:


The average wage, taking into account premiums
UK - 11.30 (GMT +2)


Changing the number of applications for unemployment benefits in
UK - 11.30 (GMT +2)


Core consumer price index in the US - 15.30 (GMT +2)


The base index of retail sales in the US - 15.30 (GMT +2)


The volume of retail sales in the US - 15.30 (GMT +2)


Speech by Fed Chairman Dzh.Yellen - 17.00 (GMT +2)


Crude oil reserves in US- 17.30 (GMT +2)



levels
Support and resistance for the major currency pairs:


EURUSD P.
1.0517 C 1.0663


USDJPY P.
112.76 115.24 C.


GBPUSD P.
1.2379 C 1.2591


USDCHF P.
1.0006 C 1.0112


AUDUSD 0.7581 P.
S. 0.7737


NZDUSD P.
0.7103 C 0.7229


USDCAD P.
1.2985 C 1.3149


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