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, December 29

yesterday the pair EUR/ USD I could not hold in his comfort zone, thereby
confounding expectations of investors. On Wednesday, the main currency pair has fallen more than
one cent, by updating their weekly lows at around 1.0372, amid a wave
consumer interest in the US dollar. However, the pair failed to recover
most of its losses and is currently trading near the 1.0450 mark, consolidating
his ascent. Recovering couples, mainly due to the weakening
the US currency against a basket of its major competitors in the background
negative data from the US real estate market, which were presented yesterday.
Moreover, the increasing interest of traders to less risky assets also exerts
favorable impact on the euro, thereby supporting the recovery of EUR / USD. At present, the data calendar marked only minor reports,
so the pair will continue to follow the price movements in the US dollar.

Jena He continues to be in a positive mood against its US
opponent this Thursday. Yesterday the USD / JPY pair was able to reach the mark of 117.81,
and then I could not resist and slipped due to widespread dollar weakness. In this
the pair is close to the level of 116.30, which is the lowest level,
marked in the last two weeks. Moreover, the reduction in susceptibility
investors to riskier assets also plays into the hands of the Japanese currency. That
Still waiting more rapid development of the US economy under the leadership of
America's next president D.Trampa have a favorable effect on the currency
America, thereby limiting a further fall in the pair. Today, the dynamics of prices for
US dollar and investor sentiment towards riskier assets will remain the main
guiding factors, taking into consideration the blank calendar events on both sides.

It seems that New Zealand
Bulls still retain a fighting spirit, continuing to push the pair NZD/ USD in a northerly direction. At the time of writing, the pair stood at
0.6952, extending its weekly highs against the backdrop of a weak dollar position.
Nevertheless, a slight correction in oil prices from the highs and its decline
the interest of traders to more risky assets under pressure for a couple that
may limit its further development. Next report reserves of crude oil from
Energy Americas, which is scheduled for the CA session, will ask
Short-term trend of the pair

Lb He regained most of their yesterday's position, moving away from the 7-week-old
lows marked at the level of 1.2201. The pair GBP / USD still retains its positive attitude as
bears the dollar still do not give an opportunity to restore the American currency.
Nevertheless, the growing interest of investors to safer assets limit the pace
development of couples. As a result, the empty calendar of events, the main drivers of
pair during today's trading session, the tendency of investors to remain
risky assets and the price movements of the US dollar.

Main events
of the day:

Crude oil inventories in the US - 18.00 (GMT +2)

levels
Support and resistance for the major currency pairs:

EURUSD P.
1.0314 C 1.0528

P. S. USDJPY 116.60 118.14

GBPUSD P.
1.2144 C 1.2336

USDCHF P.
1.0232 C 1.0344

AUDUSD 0.7130 P.
S. 0.7242

NZDUSD P.
0.6863 C 0.6957

USDCAD P.
1.3504 C 1.3624

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