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, November 25

Today yen again came under pressure from
side bears once were published relatively weak performance
Inflation Japan. Also USD / JPY pair has updated its multi-month highs, not
reaching several points to the level of 114, since data on the index
Consumer prices in Japan fell short of investors' expectations, showing drop
inflation in October and November. These results regarding growth
economy in the country are questioning the overall Bank of Japan forecast 2% growth
inflation next year. However, the pair failed to move away from their
nightly maxima on the background correction of the US dollar across the board. Today
the pair will remain under bullish pressure, as markets still continue to debate
the latest data from Japan.

Lb now it is trading almost unchanged against the US dollar,
continuing to consolidate around 1.2450 mark. Nevertheless, it seems that
American bulls have weakened their onslaught as a result of the widespread correction
The dollar, which allowed the pair to rise a few points at the beginning of
European session. Today, the focus will be in the preliminary report
UK GDP which is forecast to repeat the results of last
months. Also, in addition to the major reports today, UK will release figures
Business investment in the country in which market participants will also pay increased
attention, especially in light of the country's exit from the EU structure.

Couple EUR / USD It regained some of its
positions and is now trading near the level of 1.06, up almost a penny
from the lows this Thursday. Recovery pair mainly due to
correction of the US dollar index yesterday after updating its long-term
highs. At present, a pair of events calendar remains relatively empty.
In addition, the market activity also remains lower, as in America,
today a shortened day, so do not expect from a pair of strong surges
During today's trading session.

main
events of the day:

Preview. UK GDP - 11.30 (GMT +2)

Preview. Business investment in the UK - 11.30 (GMT +2)

Preview. The index of business activity in the US service sector - 16.45
(GMT +2)

levels
Support and resistance for the major currency pairs:

EURUSD P.
1.0482 C 1.0618

P. S. USDJPY 111.84 114.26

GBPUSD P.
1.2354 C 1.2540

USDCHF P.
1.0119 C 1.0213

AUDUSD 0.7341 P.
S. 0.7451

NZDUSD P.
0.6953 C 0.7035

USDCAD P.
1.3440 C 1.3558

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 Wednesday, June 28 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 Friday, January 13 yesterday the pair...

  
  


• 
  

  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...

  
  

Next posts

• New Zealand dollar has not reacted


• Interview with trader Mike Bell


• Dollar started decrease in correction