Forex.ee: Economic Daily Digest

Keep an eye on major economic news with us

Tuesday, August 30

EUR/USD

current
price: 1.1168
(-0.2%)

Range: at
the opening of 1.1189 Max. 1.1193 Min. 1.1155

All trend: down

expected
trend: ascending

expected
volatility: moderate

levels
support and resistance: P. S. 1.1136 1.1234

main
developments: Index
CB consumer confidence in the US

Overview: AT
Currently, the single currency continues to lose ground against its
American rival, sliding down nearly 200 points, after the "hawkish"
speech Fed Chairman Dzh.Yellen presented last Friday at
Economic Symposium in Jackson Hole. Moreover, a new wave of speculation about
Fed raising rates this year will continue to support further growth
US currency across the board.

USD/CAD

current
price: 1.3042
(0.3%)

Range: at
the opening of 1.3011 Max. 1.3049 Min. 1.3009

All trend: ascending

expected
trend: Downward

expected
volatility: low

levels
support and resistance: P. S. 1.2952 1.3076

main
developments: Index
commodity prices in Canada, the confidence index in the US CB Consumer

Overview:
Today, the Canadian dollar failed to gain support from rising prices
oil, since the possibility of raising interest rates this year continue to stimulate
the growth of the US currency. Consumer interest in the dollar is gaining
momentum amid speculation the Federal Reserve to increase rates this year, which
They resumed after a "hawkish" speech Fed Chairman Dzh.Yellen. In this
moment all the attention of traders beginning to shift to the key report this week
- Change the number of people employed in non-agricultural sector, which is scheduled
this Friday.

USD/JPY

current
price: 102.29
(0.4%)

Range: at
opening 101.91 Max. 102.46 Min. 101.75

All trend: ascending

expected
trend: ascending

expected
volatility: moderate

levels
support and resistance: P. S. 101.47 102.61

main
developments: Index
CB consumer confidence in the US

Overview:
Today, the couple returned to their yesterday's high above the level of 102,
despite the positive data from the Japanese market. Pair USD / JPY managed to
perform a minor correction of the price during the Asian session, but
the dominant interest in riskier assets, combined with the widespread
demand for US currency couple made to update its daily highs.

AUD/USD

current
price: 0.7550
(-0.3%)

Range: at
the opening of 0.7569 Max. 0.7582 Min. 0.7542

All trend: down

expected
trend: Downward

expected
volatility: moderate

levels
support and resistance: P. S. 0.7501 0.7615

main
developments: Index
CB consumer confidence in the US, Australian confidence in the business community of
ANZ

Overview:
Today the Australian dollar loses its upward momentum and retreats to his
day minima near the level of 0.7500, ignoring the positive data Released
for construction in Australia. The wave of interest in the US dollar amid continuing
discussion hints the Fed to raise rates this year, submitted to the
Dzh.Yellen hand, still has a significant pressure on the pair. Besides
today, the Aussie was additional pressure on lowering the price of gold,
which also made a couple of lows update today.

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