Daily Economic Digest from Forex.ee
Daily Digest of economic Forex.ee
Keep an eye on major economic news with us
Friday, December 16
yesterday the pair EUR/ USD has updated its 14-year low at around 1.0366
in light of recent developments on the part of the American economy. Nevertheless bulls
Euro managed to regain control of the pair towards the end of yesterday's
North American session and recover some positions, raising the pair above
1.04 mark. It is expected that today the main currency pair will continue its
recovery against the backdrop of widespread US dollar correction. also Index
Eurozone consumer prices and data from the US housing market today
will remain in the attention of investors, as they will provide short-term boost
pair.
It seems that the bulls
dollar halted its pressure on the pair USD/ JPY, allowing it to gain a foothold in the 10-month highs, mentioned above
level 118. Today, the market will continue to be in a quiet mode, which will give
Yen opportunity to recover some of their positions. In addition, the correction of
US Dollar Index from 13-year highs also provides some support
yen. The calendar of events planned for today only from the housing market data
America, which will also allow the pair to continue to develop a correction in the south
direction.
Couple GBP / USD He continues to recover from
its multi-week lows registered at the level of 1.2376. However, any
sharp movements in a northerly direction will be limited today as markets
still discussing the "hawk" the Fed's decision on interest rates. Furthermore,
The Bank of England yesterday unanimously decided to maintain its policy rate without
changes in the level of 0.25%, failing to support the pound. During the meeting, members of the
Bank of England showed a neutral stance, noting that monetary
policy can be changed in both directions depending on the situation. Today
the pair will continue to trade under the influence of the dynamics of the US dollar against the backdrop of a lack of
important releases from the UK, while the US will present a report on the number
building permits issued, which is scheduled for the US
session.
Australian dollar losing ground against its US counterpart,
remained under pressure after a "hawk," the Fed's decision, despite the
widespread US dollar correction. Currently, the AUD / USD is trading at 0.7344, moving away from their daily
highs marked on 0.7366. Nevertheless, a small correction
commodity asset limits further movement of the pair bearish. Nothing
special is planned in the data calendar today for the pair but
Data from the US housing market, which will give short-term boost
pair.
main
events of the day:
The consumer price index in the euro area - 12.00 (GMT +2)
The number of building permits issued in the US - 15.30
(GMT +2)
levels
Support and resistance for the major currency pairs:
EURUSD P.
1.0266 C 1.0612
P. S. USDJPY 116.28 119.60
GBPUSD P.
1.2262 C 1.2646
USDCHF P.
1.0125 C 1.0429
AUDUSD 0.7282 P.
S. 0.7468
NZDUSD P.
0.6943 C 0.7169
USDCAD P.
1.3185 C 1.3491
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