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

Monday, February 13

Couple USD/ JPY It lost its upward momentum and is now trading
in a southerly direction as traders take profits on the dollar. Today
pair rose to its two-week high, marked at the level of 114.17,
as market participants continue to discuss the recent meeting of Heads of State
Japan and the United States. During the meeting it has not made any loud statements, however,
Investors also have not met any hints regarding the protectionist
D.Trampa policy that significantly supported the dollar. Moreover, the preliminary weak
GDP data for Japan, which were presented in the morning, also had a negative impact
on the yen. Today, positive attitude traders relatively more risky
Assets will continue to guide the pair, as no important events are not
scheduled in the calendar data on Monday.

Euro managed to recover after falling short in relation to its
American competitor, recorded during the Asian session. currently
while EUR / USD pair is trading at 1.0640, bouncing
from their nocturnal minima located at the level of 1.0612, as the US dollar began
lose positions taken against the background of a meeting of Japanese Prime Minister Abiyev to
D.Trampom US president. Nevertheless, widespread predisposition
investors to more risky assets slows down the further rise in the euro. Today
Major currency pair will continue to follow general market sentiment as well as economic
calendar remains empty at the beginning of this week.

Today the pair AUD / USD It shows quite volatility
trading as several factors have on it pressure. At the moment
the pair is trading near the level of 0.7670, moving away from its recent lows,
marked at the level of 0.7659, against the backdrop of rising prices for commodities and commodity assets, and
especially copper, which recently updated its 20-month high, which has
substantial support to the Aussie. On the other hand, the demand for the US dollar, recorded
during the Asian session, pressured steam, forcing it to descend from the night
highs, designated at the level of 0.7680. Nothing serious is not scheduled in the calendar
Information on this Monday, so the price of the US dollar trend will continue
to be the main guiding factor in the course of the trading session.

Canadian today is trading in a fighting mood against its US neighbor, so
as the US dollar corrected lower on the basic of their competitors
after a brief rally, recorded during the Asian session. It seems that the bulls
the US dollar lost its momentum, allowing the pair USD / CAD to upgrade their current lows at around 1.3073. In addition, unexpectedly strong data from the labor market in Canada, which
It was presented last Friday, as well as the positive trend in prices for
Oil continues to support the CAD. Today, against the background of the absence of any fundamental releases steam will
under the influence of market sentiment to determine the further vector of its movement.

Main events
of the day:

There are no

levels
Support and resistance for the major currency pairs:

EURUSD P.
1.0578 C 1.0698

USDJPY P.
112.27 114.29 C.

GBPUSD P.
1.2400 C 1.2562

USDCHF P.
0.9972 C 1.0086

AUDUSD 0.7589 P.
S. 0.7731

NZDUSD P.
0.7158 C 0.7230

USDCAD P.
1.3001 C 1.3197

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