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, March 22

Couple EUR / USD retains its fighting spirit in
Wednesday, staying at the level of 1.08 area. Today, the euro continues to receive
support from the public survey results that point to win E.Makrona
in the presidential race in France, advancing
his far-right opponent M.Le
Pen, who promised to lead the country out of the EU in the event of winning the election. Besides
addition, the widespread decline of interest in more risky assets also benefit
impact on the euro, allowing the pair to upgrade its current high of
1.0818. Looking ahead, today only the data from the US real estate market will be able to
give some short pulse pair, so ubiquitous escape from
risks will continue to impact on the market in this environment.

Couple AUD / USD traded in tandem with commodity-raw
assets in this environment, updating its weekly lows at around 0.7650.
The Aussie remains under intense pressure in recent years, as
the continuing weakness of the market of raw materials, especially clearly seen in copper, has
significant pressure on the pair. Moreover, the drop in investor interest
profitable instruments such as Australian currency, further
reinforces the bearish trend the pair. However, the dollar continues to remain weak
relative to its main competitors on the background of recent developments in the
US economic platform that allowed the pair to recover some of their positions
this morning. Today, traders will remain in waiting for data from the real estate market
The United States, which is scheduled for the CA session, for the short-term momentum for the pair.

Couple USD / JPY continues
bargain with bearish bias seventh straight session as the yen bulls limit
any attempt to restore the dollar against the backdrop of widespread risk aversion.
It seems that the fall in the interest of traders to more risky assets continues to support
yen in early European trade, which allowed the pair to renew their 4-month-old
lows at around 111.15, and limit further attempts to buck
recovery. Moreover, today, the Japanese economy has presented positive
trade data, further strengthened bearish trend pair.
Today the list of economic developments remains quite short, which
planned only with the US real estate market data, therefore, most likely,
predisposition to less risky assets continue to provide direction
pair.

Couple GBP / USD It continues to trade on the green
territory, renewing its four-week highs just above 1.2500 in
During the Asian trading session. The US dollar continues to lose its position in
the market for several consecutive sessions in response to the cautious statements
Fed Chairman George. Yellen. Also today, the pound found support in recent
the news that the British PM T.Mey rejected holding a second referendum
on the independence of Scotland. Moreover, the positive inflation data
The United Kingdom, which were presented yesterday, is still continuing
have a positive impact on the pound. Nevertheless, the fall in investor interest in
more risky assets limit further growth of the pair. On the calendar today
events from the UK remains completely empty at the time, as the economy
US is to publish Sales of existing homes, which will be presented
later in the CA session.

main
developments
day:

Sales of existing homes in the US - 16.00 (GMT +2)

Crude oil reserves in the United States - 16.30 (GMT +2)

The decision of the RBNZ interest rate - 22.00 (GMT +2)

levels
Support and resistance for the major currency pairs:

EURUSD P.
1.0682 C 1.0882

P. S. USDJPY 110.70 113.36

GBPUSD P.
1.2283 C 1.2591

USDCHF P.
0.9873 C 1.0033

AUDUSD 0.7640 P.
S. 0.7774

NZDUSD P.
0.6996 C 0.7112

USDCAD P.
1.3226 C 1.3428

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