Monday, October 23, 2017

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 is trading in positive mood in the middle of this week,
Brush up on your multi-month highs at 1.1380 in early European
trading. Yesterday the pair received a major boost from a bullish "hawkish"
Comments from ECB President M.Dragi. During his speech at the symposium
ECB Mr. Draghi stressed that a lower level of inflation is a temporary
and the growth of the eurozone economy gradually begins to accelerate. such statements
the head of the regulator market took as an allusion to the possibility of folding QE program, thereby heating demand for a single
currency. Moreover, the US dollar largely ignored yesterday
speech of the Fed Chairman Dzh.Yellen and continued to fall relative to their
main competitors on the background of a delay in the Senate vote on the bill on
healthcare. Looking ahead, today the markets will be watching
events in the forum of the ECB, which takes place in Portugal, including the performance of
ECB President M.Dragi to be held later in the course of the trading session.



reaching
3-week highs at 1.2861, couple GBP / USD included in the consolidation phase, remaining near the level of 1.2815 in
During the Asian session, as the bulls took a breather after a sharp rise
pair. Meanwhile, published yesterday, the Bank of England report on financial
Stability noted the risks associated with the negotiation of Breksitu. But markets
mostly ignored the little "pigeon" report and the speech of the BA
M.Karni regulator, as the pervasive weakness of the US dollar continues
to be the main driver in the market, thereby facilitating growth of the pair. Today
the list of economic events planned one more statement of the Head of the BA
M.Karni be held at the Symposium of the ECB, as well as data from the market
US real estate, but the dollar's decline will continue to define the future direction
couples in today's session.



Couple USD / CAD continues its large-scale
reduction, updating 4-month low at 1.3129 as the Canadian
bulls are still full of energy. Today the pair again came under pressure from the
bears during Asian trading after the "hawkish" comments head of the bank
Canada S.Poloza, who once again reiterated that the previous decline
the interest rate is no longer necessary, thus have a significant
Canadian support. In addition, the dollar resumed sale, backed by a delay
vote in the US Senate on the health care bill, as well as
recovery in oil prices put further pressure on this pair
Wednesday. Now all attention is focused on the speech the head of the BC S.Poloza that
It will be held later in the trading session in the CA, while reports on the index of pending
sales in the real estate market in the US crude oil inventories could also affect
a couple in the CA's trading session.



Couple USD / JPY I found support at the district level
112.00 during Asian session and updated today's high-level
112.40 in early European session amid minor attempts of the US dollar
to restore its position in all directions. However, further potential
growth remains limited as continued risk aversion,
supported by the final day of the Forum of the ECB, which takes place in Portugal, promotes
demand for safe-haven currencies on Wednesday. Moreover, it is expected that the US dollar will continue to
lose ground during the day, as the market is still discussing respite
vote on the health care bill in the Senate, which has caused
concern about the ability of the administration of US President D.Trampa
fulfill their promises. Today, all attention will be focused on the market for the summit
central banks, which will also take part in Kuroda while widespread
predisposition to risky assets and the dynamics of the US dollar will remain
the key driving factors for the pair on Wednesday.



main
events of the day:


The speech of the Bank of England M.Karni - 16.30 (GMT +3)


The speech of the Bank of Canada S.Poloza - 16.30 (GMT +3)


ECB President M.Dragi - 16.30 (GMT +3)


The index of pending sales in the housing market USA-
17.00 (GMT +3)


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



levels
Support and resistance for the major currency pairs:


EURUSD P.
1.1117 C 1.1459


P. S. USDJPY 111.09 113.09


GBPUSD P.
1.2651 C 1.2941


USDCHF P.
0.9502 C 0.9784


AUDUSD 0.7547 P.
S. 0.7641


NZDUSD P.
0.7213 C 0.7371


USDCAD P.
1.3089 C 1.3315


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