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, August 31

Couple EUR/ USD It traded in the southern
towards a third straight session, moving away from its 2.5-year peaks, marked
Tuesday near the level of 1.2070. At the time of writing, the pair has lost around
two cents from its recent highs, consolidating his retreat near 1.1870-90.
Pair falling mainly due to recovery of the dollar on all
fronts against the backdrop of easing political conflict over North Korea and
also came after fixation pair scale movements. Moreover, yesterday
Positive data for changing the number of jobs in the US from ADP and preliminary
GDP figures have added some confidence the US dollar. However, further
derogation could stall as investors prepare for the next
risk events this week - the report on the change in the number of people employed in
non-farm payrolls (NFP), which will be released this Friday. Now
All investors' attention remains focused on the preliminary data on inflation
euro zone, which will determine the future course of development for the next couple
time, while the US data calendar will also be able to provide investors with
fresh trading opportunities during the CA session.

Today the pair USD / JPY extending its winning streak
Up to four consecutive profitable sessions, continuing to move away from their 4-month-old
lows marked earlier this week. Confident pair growth mainly
due to the continued recovery of the US dollar, helped by
positive performance of yesterday's reports of a change of jobs in the United States from ADP and GDP, while weak data on industrial production in Japan is negative
impact on the yen. Moreover, the reduction of tension on the Korean
Peninsula, as well as improving demand for higher-yielding assets ensured
additional support for the pair in the second half of this week. However, interest
investors towards higher yielding assets could fall further today as
Markets are beginning to prepare for the different risk events this week - release
fundamental data from the US labor market (NFP), which
It will take place tomorrow. Meanwhile, investors will focus today
U.S. macro block indices, which includes data from
the real estate market and a few minor reports.

Kiwi remains the main outsider Asian trading session, allowing the pair NZD / USD
update their nearly 3-month low at 0.7145, despite improvements
demand among investors for higher-yielding instruments, backed by positive
China's figures on business activity in the manufacturing sector. In this
the pair is trading near its recent lows as New Zealander continues
remain under pressure on speculation yesterday's "pigeon" performance
the head of the RBNZ G.Uilera a higher level of NZD. Moreover, the growing demand for
US dollar yesterday backed by positive data on the US economy,
also greatly increases the pressure on the pair in this Thursday. Now
All the attention of traders shifted towards ligament reports from the US economy,
which contains data from the US housing market, as well as several minor
makrorelizov, while the price dynamics of the dollar will continue to be a major
driving factor for the pair during today's trading.

Couple GBP / USD It showed a rather sluggish
trading during the Asian session, remaining slightly above the support of 1.2900, as soon
Several factors influenced the pair. Today, the US dollar continues
score points against its major rivals on the background of yesterday's optimistic
Data from the US economy, which slightly increased the probability of a
Fed interest rates in December. On the other hand, the increase in
investor interest in riskier instruments caused by positive indicators
with the Chinese manufacturing sector, as well as the reduction of tensions around
North Korea remains one of the key factors in the market on Thursday that
positive effect on the high-yield pound. Today the British calendar
economic developments will remain silent, not offering anything that might
affect the trajectory of the pair, while the US economy is to release data
from the housing market, which will be able to set a short-term trend of the pair further in the CA session.

main
events of the day:

Changing the number of unemployed in Germany - 11.00 (GMT +3)

Preview. the consumer price index in the EU - 12.00 (GMT +3)

Canada's GDP - 15.30 (GMT +3)

The index of pending sales in the US real estate market -
17.00 (GMT +3)

support levels
and resistance to major currency pairs:

EURUSD P.
1.1812 C 1.2018

P. S. USDJPY 109.16 110.96

GBPUSD P.
1.2853 C 1.2971

USDCHF P.
0.9499 C 0.9713

AUDUSD P.
0.7823 C 0.8033

NZDUSD P.
0.7133 C 0.7311

USDCAD P.
1.2449 C 1.2721

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