Daily Economic Digest from Forex.ee
Daily Digest of economic Forex.ee
Keep an eye on major economic news with us
Tuesday,
September 20th
EUR/USD
current
price: 1.1188
(0.1%)
Range: at
the opening of 1.1175 Max. 1.1214 Min. 1.1168
All trend: ascending
expected
trend: Downward
expected
volatility: low
levels
support and resistance: P. S. 1.1126 1.1220
main
developments: Number
building permits issued in the US, the volume of construction new homes in
USA.
Overview: Couple
He jumped this morning, breaking through key resistance level at around
1.1200, amid aggressive selling in the dollar, fixed at the beginning of the European
session. Moreover, today, the markets have ignored the weak data from Germany Index
producer prices. Nevertheless, at the background of the lack of important data from the Eurozone today
the pair will remain under the influence of general market sentiment before the American session,
during which the United States will present data on construction.
USD/JPY
current
price: 101.74
(-2%)
Range: at
opening 101.92 Max. 102.08 Min. 101.53
All trend: down
expected
trend: Downward
expected
volatility: moderate
levels
support and resistance: P. S. 101.14 102.80
main
developments: Number
building permits issued in the US, the volume of construction new homes in
USA.
Overview:
Today the pair remains bearish tone dropping below the level of 102.00, as
chances of raising the Fed rate on Wednesday fell. Moreover, uncertainty about
decisions on the monetary policy of the Bank of Japan also limits the range of
movement of the pair. As you would expect the pair kept in a narrow trading range,
as traders remained cautious on the eve of the central bank's decision to
both sides. It is expected that the Bank of Japan and the Fed's decision will cause a wave
volatility in the market, which will bring a couple of its medium-term trading
range.
USD/CHF
current
price: 0.9775
(-0.3%)
Range: at
the opening of 0.9799 Max. 0.9812 Min. 0.9761
All trend: down
expected
trend: Downward
expected
volatility: moderate
levels
support and resistance: P. S. 0.9766 0.9836
main
developments: Number
building permits issued in the US, the volume of construction new homes in
USA.
Overview:
Today morning, the pair has been unable to remain in their shopping
range above the level of 0.9800, which kept the dollar from last Friday. Couple noted
their current lows near 0.9767 level on the back of strong pressure associated
with widespread dollar sell-marked this morning. In addition, the strengthening of
the interest of traders to less risky assets has also supported the status of Swiss asylum
Franc. Nothing important is not planned in the Swiss economic calendar on
Today, therefore, during the European session, the pair will follow the general market
mood before the release of US data on construction, which will be
presented during the American session.
NZD/USD
current
price: 0.7341
(0.7%)
Range: at
the opening of 0.7293 Max. 0.7358 Min. 0.7291
All trend: ascending
expected
trend: Downward
expected
volatility: moderate
levels
support and resistance: P. S. 0.7214 0.7364
main
developments: Number
building permits issued in the US, the volume of construction new homes in
USA.
Overview:
The pair continues to move away from its lows overnight as
Dollar remains weak in recent years against a background of decreasing the chances of
Fed rate increase in this environment. However, the upward momentum also today
limited, since the reduction in oil prices is putting pressure on couple on top.
Now all the attention shifted towards the Fed's decision on interest rates,
which determine the medium-term direction of the pair. In turn, the RBNZ also announce
his decision on Thursday at the start of the Asian session, at which participants also
the market will be closely watched.
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