TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17
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TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 3.20.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIR 3.20.17

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Buz Investors MAJOR CURRENCY PAIR 3.20.17 This morning, the greenback is trading lower against most of the major currencies, ahead of the US Chicago Fed national activity index, slated to release in a few hours.

Buz Investors MAJOR CURRENCY PAIR 3.20.17 This morning, the greenback is trading lower against most of the major currencies, ahead of the US Chicago Fed national activity index, slated to release in a few hours.

The EUR is trading higher against the USD, after Germany’s annual producer prices grew at its strongest pace in over 5 years in February. On Friday, the European Central Bank (ECB) policymaker, Ewald Nowotny, stated that the ECB will decide later whether to raise interest rates before or after ending its bond purchase program, thus indicating that an interest rate hike could be on the way by year-end.

The GBP is trading higher against the USD. Overnight data revealed that Britain’s house prices advanced for the third consecutive month on a monthly basis in March.

On Friday, the greenback traded mostly higher in the New York session, against the key currencies. On the macro front, consumer confidence in the US came in stronger than expected in March. Further, the nation’s leading indicator notched its highest level in more than a decade in February. Moreover, the nation’s manufacturing production grew for a sixth consecutive month in February, meeting market expectations, thus suggesting that recovery in the manufacturing sector was gaining traction as rising commodity prices boost demand for machinery and other equipment. Meanwhile, the nation’s industrial production recorded a flat reading in February, as gains in mining and construction were offset by a fall in utilities output.



 MAJOR CURRENCY PAIR 3.20.17

EURUSD decreased 0.0005 or 0.05%

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.0759 against the USD, 0.17% higher from the New York close. On the economic front, Germany’s producer price index rose less than expected on a monthly basis in February. This morning, the pair traded at a high of 1.0777 and a low of 1.0734. The Euro traded marginally lower against the US Dollar in the New York session on Friday, with the pair closing the session at 1.0741. The pair is expected to its find support at 1.0731 and its first resistance at 1.0782.

READ  GBPUSD increased 0.0078 or 0.63%

 

GBPUSD decreased 0.0046 or 0.37%

GBPUSD

At 09:40 GMT, the pair is trading at 1.2420, with the Pound trading 0.21% higher against US Dollar from the New York close. Overnight data indicated that UK’s Rightmove house price index advanced on a monthly basis in March. The pair witnessed a high of 1.2435 and a low of 1.2378 during the session. On Friday, the Pound traded 0.2% higher against the US Dollar in the New York session and ended at 1.2394. Immediate downside, the first support level is seen at 1.2357, while on the upside, the first resistance level is situated at 1.2459.

 

USDJPY decreased 0.1250 or 0.11%

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 112.76 against the Yen, marginally higher from the New York close. On account of a holiday observed in Japan today, trading trend in the JPY is expected to be determined by global macroeconomic news. During the session, the pair traded at a high of 112.78 and a low of 112.44. On Friday, the US Dollar traded 0.34% lower against the Yen in the New York session and ended at 112.70. The pair is expected to its find support at 112.36 and its first resistance at 113.23.

 

USDCHF decreased 0.0010 or 0.10%

USDCHF

The US Dollar is trading at 0.9978 against the Swiss Franc at 09:40 GMT this morning, 0.07% lower from the New York close. Moving ahead, Switzerland’s SECO economic forecast report and trade balance figures, set to release tomorrow, will attract a lot of market attention. The pair traded at a high of 0.9987 and a low of 0.9953 this morning. On Friday, the USD traded 0.3% higher against the CHF in the New York session and ended at 0.9985. The pair is expected to its find support at 0.9948 and its first resistance at 0.9997.

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USDCAD increased 0.0011 or 0.08%

USDCAD

The pair is trading at 1.3346 at 09:40 GMT this morning, with the USD trading slightly lower against CAD from the New York close. The pair traded at a high of 1.3351 and a low of 1.3302 this morning. The US Dollar advanced against the Canadian Dollar in the New York session on Friday, closing 0.22% higher at 1.3348. Data showed that Canada’s manufacturing shipments unexpectedly climbed on a monthly basis in January. The pair is expected to its find support at 1.3306 and its first resistance at 1.3381.

 

AUDUSD increased 0.0016 or 0.21%

AUDUSD

The pair is trading at 0.7722 at 09:40 GMT this morning, with the Australian Dollar trading 0.35% higher against US Dollar from the New York close. Going ahead, investors’ will closely watch Australia’s CB leading indicator data, scheduled to release in a few hours. This morning, the pair traded at a high of 0.7747 and a low of 0.7693. The Australian Dollar traded 0.12% lower against the US Dollar in the New York session on Friday, with the pair closing the session at 0.7695. The pair is expected to its find support at 0.7686 and its first resistance at 0.7752.

Gold increased 4.05 USD/t oz. or 0.33%

 

Gold

Gold is trading at $1232.40 per ounce at 09:40 GMT this morning, 0.28% higher from the New York close. This morning, the precious metal traded at a high of $1235.50 per ounce and a low of $1228.70 per ounce. On Friday, gold traded 0.07% lower in the New York session and closed at $1228.90 per ounce, extending its previous session losses. Immediate downside, the first support level is seen at $1227.77 per ounce, while on the upside, the first resistance level is at $1236.27 per ounce.

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Silver decreased 0.02 USD/t. oz or 0.13%

Silver

The precious metal is trading at $17.42 per ounce at 09:40 GMT this morning, 0.06% higher from the New York close. During the session, silver traded at a high of $17.48 per ounce and a low of $17.40 per ounce. In the New York session on Friday, silver rose 0.35% and closed at $17.41 per ounce. Immediate downside, the first support level is seen at $17.34 per ounce, while on the upside, the first resistance level is at $17.49 per ounce.

 

Crude Oil decreased 0.42 USD/BBL or 0.86%

Oil

The commodity is trading at $48.04 per barrel at 09:40 GMT this morning, 1.4% lower from the New York close. Crude oil witnessed a high of $48.72 per barrel and a low of $48.01 per barrel during the session. In the New York session on Friday, crude oil fell 0.65% to close at $48.72 per barrel, after Baker Hughes disclosed that US crude oil rig count climbed by 14 to 631 in the week ended 17 March. Immediate downside, the first support level is seen at $47.63 per barrel, while on the upside, the first resistance level is at $48.82 per barrel.

 

Economic Snapshot

 

UK Rightmove house price index rose in March

The Rightmove house price index in the UK climbed 1.30% in March on a MoM basis. The Rightmove house price index had recorded a rise of 2.00% in the previous month.

 

German producer price index advanced less than expected in February

The producer price index in Germany recorded a rise of 3.10% in February on an annual basis, lower than market expectations for a rise of 3.20%. The producer price index had risen 2.40% in the previous month.

 

 


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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




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Richard Dambrosi (JADTECNIC) Has Been Sharing Forex Analysis Trending Markets News since 2011. Editors and Founder of InvestorsBuz.com , has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars , Electric Cars, Medical Marijuana , 3d printing and Cloud computing , Refers to Readers as BUZ INVESTORS.

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