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

Tuesday, February 21

Couple EUR / USD has fallen below a level of 1.06
During the Asian session, updating its five-day lows at 1.0542. Today
the single currency came under strong pressure from the bears, as concerns
on the crisis in Greece are starting to gain momentum. yesterday representatives
Greece and the EU resumed discussion of financial support for the country's economy. Also
pre-election public opinion survey in France revealed yesterday that the head
party "National front" Marine Le Pen beat out in leaders typing
27% of the vote, which had a negative impact on the euro. Moreover, the bulls
ignored positive data on the preliminary index of business
activity in the manufacturing sector in Germany, unable to support the couple. On
Today only a handful of appearances marked in the calendar of events
Fed officials, so the pair will continue to follow general market sentiment in
this Tuesday.

Today Australian dollar losing ground
versus its US counterpart on the background of "pigeon" minutes of the meeting
The RBA, which was presented during the Asian session. Today the Central Bank of the night
Australia has published the results of its last meeting, leaving forecasts
about the pace of economic development and growth of inflation unchanged, however,
presenting a somewhat "dovish" comments on the labor market. Besides
addition, strong demand for the US currency further putting pressure on couple in
this Tuesday. Today, the price action in the US dollar and predisposition
market participants to more profitable instruments continue to be the main
driving factors for the pair, while a handful of appearances the Fed members and a block
Information on the Australian economy, which is scheduled for the following Asian
the session will also be in the attention of investors.

Couple GBP / USD It remains unable to maintain
its growth, despite the positive trend of riskier assets,
noted during the Asian session. Today, a significant demand for the US currency continues
is the main driver for the market, forcing the couple to update it today
lows at 1.2418. In addition, market participants due caution
the debate on Article 50 of the House of Lords further pushes the pair, however,
it is expected that specific amendments in the UK exit plan from the EU made no
will be. The Bank of England will release its February inflation report, which will be
today remain the center of attention, along with the performances of the Bank of M.Karni
and his few colleagues.

Couple USD / CAD largely ignores
positive attitude in crude oil prices, breaking the level of 1.3150. Today, the main
The driving force of the market is still demand for the US dollar. It seems that investors
We decided to lay in the price of buck upcoming presentations
The Federal Reserve System and the publication of FOMC minutes, which is scheduled
already tomorrow. On Tuesday, all
market participants' attention will be focused on price movements in the USD, while the price of oil
also be able to influence the course of couple on the background of the lack of critical
makrorelizov on both sides.

Main events
of the day:

The speech of the England M.Karni - 12.00 (GMT +2)

Hearing the Bank of England inflation report - 12.00 (GMT +2)

levels
Support and resistance for the major currency pairs:

EURUSD P.
1.0585 C 1.0645

P. S. USDJPY 112.58 113.48

GBPUSD P.
1.2368 C 1.2528

USDCHF P.
0.9994 C 1.0060

AUDUSD 0.7648 P.
S. 0.7710

NZDUSD P.
0.7158 C 0.7208

USDCAD P.
1.3052 C 1.3144

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