Daily Economic Digest from Forex

Daily Economic Digest from Forex.ee

Daily Digest of economic Forex.ee

Keep an eye on major economic news with us

Wednesday, May 3

Couple EUR / USD I came out of the consolidation phase
early European trading and is now moving in a southerly direction, peering
resistance level 1,0900. Falling pair mainly due to
termination of dollar sales and a slight correction in the market.
However, a further fall in the pair remains unlikely, as investors
They are preparing for one of the major events this week - FOMC decision on interest rates, which will be held
Today in the second half of the SA's trading session. It is expected that the regulatory
Body to maintain the status quo with respect to its interest rate, but any comments
Committee members regarding the tightening of monetary policy the Fed will form
further medium-term trajectory of the dollar. Also, traders are supporting
euro ahead of the second round of the presidential elections in France, where the centrist
Emmanuel Macron continues to be the clear favorite. In addition to the FOMC Statement, today the US economy will also provide
traders block of macroeconomic indicators, including a report on the working
places from ADP and Index
business activity in the non-manufacturing sector from the ISM, which will provide a couple
short-term momentum during the New York trading.

The pair NZD / USD I could not hold their position,
as the dollar bulls are trying to regain control of the pair. During the Asian
trading session the pair has updated its six-day high of 0.6968
after New Zealand published an excellent performance on the labor market.
However, at the time of writing, the pair has managed to lose most of its
profit, as the US dollar's recovery made a couple back in range
0,6930-40. Moreover, the decline of interest of traders to more risky assets on
background of the approaching Federal Reserve decision on monetary policy also had a
negative impact on the couple. Looking ahead, today traders will focus their
focus on the fundamental US indices, which are planned for SA
trading session while the FOMC decision will remain in the spotlight
in this Wednesday.

Australian dollar It remains one of the main outsiders Asian
trading session, allowing the pair AUD / USD lost over 60 pips from its night
highs. It seems that yesterday's weak PMI
China's manufacturing sector by Caixin still has a negative
impact on the commodity market, and in particular copper, forcing a couple
update its lows of the week at the level of 0.7486. Moreover, small
US dollar correction and falling investor interest in riskier assets,
which is caused by the Fed's decision on interest rates, and
add some bearish pressure on the pair on Wednesday. Now the market focus shifts
in the direction of the US unit of macroeconomic indicators, which includes index
business activity in the non-manufacturing sector from the ISM and Change of
non-farm payrolls from ADP, and will be presented before
The Fed's decision on the refinancing rate during the CA session.

Couple GBP / USD It has come under intense pressure
from the bears this morning, losing more than 50 points from their night
highs, as well as breaking the mark 1.2900. In this Wednesday, the pound was in a field
of sellers after the recent statements by EU leaders that Prime Minister
UK Tereza Mey will not be able to join the discussion conditions
Breksita. This statement is contrary to the intentions of Ms. Mei personally lead
Breksitu negotiations, about which she spoke during his last
performances. Next will be presented today, PMI
UK construction sector, as well as a report on US employment from ADP and Index
business activity in the non-manufacturing sector of the United States from the ISM,
which will be published during the CA session before the Fed's decision on interest
rate.

main
events of the day:

The index of business activity in the UK construction sector
- 11.30 (GMT +3)

Changing the number of people employed in non-agricultural sector of the US
on ADP - 15.15 (GMT +3)

The index of business activity in the non-manufacturing sector of the US
from ISM - 17.00 (GMT +3)

Crude oil reserves in the United States - 17.30 (GMT +3)

Decision on interest rates Fed - 21.00 (GMT +3)

levels
Support and resistance for the major currency pairs:

EURUSD P.
1.0873 C 1.0961

P. S. USDJPY 111.49 112.55

GBPUSD P.
1.2838 C 1.2988

USDCHF P.
0.9879 C 0.9981

AUDUSD 0.7488 P.
S. 0.7580

NZDUSD P.
0.6887 C 0.6963

USDCAD P.
1.3596 C 1.3812

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

Related posts

• 
  

  Daily Economic Digest from Forex

  
  

  Daily Economic Digest from Forex.ee Daily Digest of economic Forex . ee Keep an eye on major economic news with us Friday, June 16 Couple EUR / USD It...

  
  


• 
  

  Daily Economic Digest from Forex

  
  

  Daily Economic Digest from Forex.ee Daily Digest of economic Forex . ee Keep an eye on major economic news with us Wednesday, August 30 Couple EUR / USD...

  
  


• 
  

  Daily Economic Digest from Forex

  
  

  Daily Economic Digest from Forex.ee Daily Digest of economic Forex . ee Keep an eye on major economic news with us Thursday, July 20 Couple EUR / USD It...

  
  

Next posts

• Signal Two Pyramids report for


• Maduro loses control over Venez


• Is it possible to consistently