Daily Economic Digest from Forex.ee

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Tuesday, January 17

strong
dollar sell-off continues to have a positive impact on the couple EUR/ USD, giving her the opportunity to update their daily
highs at around 1.0672. Moreover, it seems that the bulls are not going to pair
take turns, despite the fact that the performance of the PM of Great Britain are coming
mountains. Today's calendar of events for the pair remains filled with such
reports, as the ZEW economic sentiment in Germany and the Eurozone. the
Still, any sharp movements of the pair is likely to be limited, as
market participants will refrain from making important decisions in the run-up
the key event of the day - speech of the Prime Minister of Great Britain
Terezy Mey.

Today pound corrected
higher relative to its US counterpart, raising a couple GBP / USD above the mark of 1.21, as
US Dollar continues to remain under strong pressure from the bears. AT
Currently GBP / USD pair is trading around the 1.2127 level, noting its
the maximum of this day to 1.2138, thereby restoring some ground lost
after recent comments by the UK PM T.Mey. At the moment, the attention
Traders remain on the news section of the UK economy,
scheduled for the European session. However, it is expected that the British
Data will not be able to give a significant boost to the pair as traders remain
in anticipation of speeches of the Prime Minister of Great Britain T.Mey that can
some clarity on the further developments around
countries of EU output.

It seems that the bulls
Yen continues to be in a positive mood, pushing a couple USD / JPY to the south is the seventh
consecutive session. The pair is currently trading near its daily lows,
marked at the level of 113.03 against the backdrop of widespread US dollar sales. More
addition, the pair managed to benefit from the significant drop in the interest of traders to
risky assets as fears of hard Brekzita are
one of the main driving forces in the market. Today, the calendar of events
planned only minor releases, so the pair will remain under the influence
general market sentiment and propensity for risky assets
determine further motion vector.

U.S. dollar
today loses points against its major rivals, allowing the pair USD / CAD update their daily lows
at the level of 1.3063. The pair remains within reach
their lower grades, have completely lost position, earned yesterday and limiting
any attempt to restore the dollar. Moreover, the rise in oil prices, marked
in the last hours, it was also able to maintain the currency of Canada. Nothing special planned
in the calendar of events on both sides, so the pair will continue to trade under the
influenced by general market sentiment during today's trading session.

Main events
of the day:

UK Consumer Price Index - 11.30 (GMT +2)

ZEW index of economic sentiment in Germany -
12.00 (GMT +2)

Speech by the Prime Minister of Great Britain T.Mey - 13.45
(GMT +2)

levels
Support and resistance for the major currency pairs:

EURUSD P.
1.0548 C 1.0686

P. S. USDJPY 112.87 114.92

GBPUSD P.
1.1938 C 1.2188

USDCHF P.
1.0037 C 1.0160

AUDUSD 0.7433 P.
S. 0.7548

NZDUSD P.
0.7037 C 0.7213

USDCAD P.
1.3063 C 1.3228

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