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Daily Economic Digest from Forex

Daily Economic Digest from Forex.ee

Daily Digest of economic Forex.ee

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Friday, June 16



Couple EUR/ USD It halted its decline and traded in the corridor 20 pips
during the Asian session near its 2-week lows, noted yesterday
the level of 1.1130. It seems that the "hawkish" speech of Fed and Dzh.Yellen
the decision of the US central bank to increase interest rates by 25 bp
It continues to be the main driving factor for the pair, as it indicates
dismissing the Fed and ECB policy. Moreover, the positive data from the economy
USA, which were presented yesterday, also contributed to increased demand for
dollar, thereby speeding up the falling of pair. However, during early European trade, the pair
able to correct higher as traders booked profits after
important events of this week. Now all the attention of investors shifting towards
report on inflation in the euro area at the time, as the labor market data and the US
will be able to set short-term vector pair in the North American session.



Today the pair USD / JPY I ignored the decision
Bank of Japan regarding its future policy, as well as the following
the speech of the Bank of Kuroda. As expected, the Bank of Japan kept its interest
rate unchanged at 0.10%. However, in the course of his speech, Mr. Kuroda said,
that minimize a massive program to stimulate the economy is still a
inexpedient. Moreover, it seems that the market is still under
Impressed by the recent "hawkish" Fed meeting at the time, as interest
investors to more risky assets begins to gain momentum, as all
the main events of the week behind us, which in turn supports
Couple this Friday. Looking ahead, today is scheduled in the calendar of events
Only the release of data from the US real estate market, so the general market
predisposition to risky assets and the price action of the dollar will continue to
to set the course of the couple.



Couple GBP / USD It is trading near the top
border of its daily range, consolidating its yesterday's profit earned
against the background of the results of the next important meeting. Yesterday the pair jumped a penny,
Faced with resistance at 1.2800, after Results
Bank of England showed that the committee voted 5 to 3 to preserve
interest rate at the same level, where 3 out of the bank's members voted in favor
tightening of monetary policy. The market took this as an outcome of the meeting
"Hawk" because the voting results indicated possible further
interest rate increase. Today, the calendar data from the UK are not
planned anything worthwhile, that leaves in the hands of a couple ubiquitous trend,
while unit labor market data the United States, which will be presented during
New York trading, the pair will be able to give a short-term boost in the run-up
Closing of the working week.



Couple AUD / USD He regained their fighting
attitude at the beginning of the European trading after a short pullback, breaking the mark
0.7600, amid growing interest of traders to more profitable instruments. That
at least a pair remains under pressure lately, as the
Fed raising interest rates and the "hawkish" statement Dzh.Yellen
It continues to be the main driving factor in the market, which is favorable
affects the US dollar. Also mixed sentiment on commodities markets
will be unable to provide any Australian support in the end
this week. Further, today traders will focus on data
US labor market, so as not to miss out on the last trading opportunities before
output.



main
events of the day:


The consumer price index in the EU - 11.30 (GMT +3)


The number of building permits issued in the US - 15.30
(GMT +3)



levels
Support and resistance for the major currency pairs:


EURUSD P.
1.1072 C 1.1264


USDJPY P.
108.68 112.10 C.


GBPUSD P.
1.2640 C 1.2852


USDCHF P.
0.9675 C 0.9809


AUDUSD 0.7529 P.
S. 0.7655


NZDUSD P.
0.7137 C 0.7303


USDCAD P.
1.3183 C 1.3351


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