Forex.ee: Economic Daily Digest

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Keep an eye on major economic news with us

Friday,
July 29

USD/JPY

current
price: 103.61
(-1.6%)

Range: at
opening 105.28 Max. 105.65 Min. 102.70

All trend: down

expected
trend: Downward

expected
volatility: high

levels
support and resistance: P. 102.81, 105.68 S.

main
developments: Preview.
US GDP

Overview: Today
Yen experienced tremendous volatility is in the range of more than 250 points,
on news of the stimulus from the Bank of Japan, presented in
During the Asian session. Today pair broke level 105, before reaching the level of
105.65, then fell nearly 300 points, breaking the resistance level
103, in spite of the disappointing statements the Bank of Japan to increase purchases of shares
Exchange fund. In addition the Bank of Japan left interest
rate unchanged at -0.1%, against an expected 0.15%, thereby
add fuel to the fire. Today the pair will remain at elevated
volatility following developments surrounding the Japanese economy.

GBP/USD

current
price: 1.3194
(0.2%)

Range: at
the opening of 1.3163 Max. 1.3218 Min. 1.3148

All trend: ascending

expected
trend: Downward

expected
volatility: low

levels
support and resistance: P. S. 1.3043 1.3305

main
developments: Preview.
US GDP

Overview:
Today, the pound is trading with high spirits against his
American contender against the backdrop of widespread weakness in the US currency. Currently
the pair is consolidating its position near the level of 1.3200 after yesterday
recovery. However, a pair of action remains limited as traders
Be careful on the eve of the Bank of England to ease application
policy, which is likely to be presented in August.

EUR/USD

current
price: 1.1092
(0.1%)

Range: at
the opening of 1.1076 Max. 1.1103 Min. 1.1072

All trend: ascending

expected
trend: Downward

expected
volatility: moderate

levels
support and resistance: P. S. 1.1014 1.1150

main
developments: Preview.
EU Consumer Price Index, Pre. US GDP

Overview:
The couple returned to the level under the mark of 1.1100, taking corrective
action for the price. However, the single currency gained more than 2 cents against
the US dollar, moving away from the low of Monday, marked on
the level of 1.0950. Moreover pair is likely to continue to move forward
in a northerly direction as the dollar sell-off in the yen crosses gives
bovine additional pulse euros.

USD/CHF

current
price: 0.9780
(-0.3%)

Range: at
the opening of 0.9809 Max. 0.9816 Min. 0.9771

All trend: down

expected
trend: Downward

expected
volatility: low

levels
support and resistance: P. S. 0.9750 0.9894

main
developments: Preview.
US GDP

Overview:
The pair retreated from their
multi-week highs recorded in this medium, and are currently
updates its two-week high against the backdrop of widespread dollar weakness,
provoked by "dovish" comments of the Fed's monetary policy.
In addition, a dollar today will maintain its bearish against the background of
Bank of Japan, dropping a couple of levels below 0.9800.

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