Forex.ee: Economic Daily Digest
Daily Digest of economic Forex.ee
Keep an eye on major economic news with us
Thursday, May 26
EUR/USD to restore some of their positions lost in the first half of this
week, bounced off multi-week lows, fixed yesterday at around
1.1130. The pair continues to trade at a higher on dollar weakening in
due to profit-taking. At present, the calendar of events awaits traders
significant block of US data such as orders for durable goods
use, data on initial applications for unemployment benefits and
the index of pending sales in the housing market. Also today, were made by members
J. Fed. Powell and George. Bullard. Currently the pair supported around the level
1.1180 and is trading at 1.1179. Support and resistance levels for the pair
located at around 1.1114 and 1.1209
USD / JPY broken the key support level of 110
and it is now settled in the area of 109.75. The pair ignored yesterday's growth
the dollar could fall and, after the speech of the representative of the Government of Japan
M. Asakavy who denied the likelihood of intervention from the Japanese
Government in the foreign exchange market. Today, the focus will be on bookings
durable goods data on initial applications for
unemployment benefits, the index of pending sales in the housing market and
several interventions by the Federal Reserve in the US, as Japan will introduce a national
core consumer price index during the Asian session. At the moment
the pair is trading at 109.72, with its support and resistance levels,
located at around 109.59 and 110.75
GBP / USD continues
expand this month highs above $ 1.47. Bulls on the pound confidently keep the situation under control from the beginning
this week. Today morning, the pair took a short break after yesterday's jump,
which took place on the background of another opinion poll results and
weakening position of the dollar across the board. Now traders remain
anticipation of a preliminary report on the UK GDP and subsequent
US data block with several speeches of the Fed,
scheduled for today. Currently the pair is trading at around 1,473 to
today's support and resistance levels located at elevations
1.4547 and 1.4803.
NZD / USD tested
at least this month, below the level of 0.67. For three weeks in a row pair
He remained in bearish trend and was able to break the level of 0.67 against the background of positive
News from the United States on Wednesday, the first time since the end of March. Today, the couple will
be influenced by the US data, such as orders for durable goods,
data on initial applications for unemployment benefits and the index
pending sales in the real estate market and in the case of a pair of positive data
may continue its downward trend in the near future. Currently the pair
located at around 06,714, recovering from a recent low,
fixed at the level of 0.6692. Today's levels of support and
resistance located at 0.6672 and 0.6792.
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