TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.19.17

A DAILY SOCIAL TRADING EVENT

 MAJOR CURRENCY PAIR 6.19.17  This morning, the greenback is trading higher against most of the major currencies, ahead of a speech by the New York Fed President, William Dudley

BUZ INVESTORS  MAJOR CURRENCY PAIR 6.19.17  This morning, the greenback is trading higher against most of the major currencies, ahead of a speech by the New York Fed President, William Dudley, due in a few hours.

The EUR is trading lower against the USD. Over the weekend, the French President, Emmanuel Macron’s party received a resounding majority in French parliamentary elections.

The GBP is trading higher against the USD. Meanwhile, investors remain cautious as UK’s economic outlook is marred by the uncertainties of Brexit as Britain formally begin its divorce proceedings with the European Union today.

The AUD lost ground against the USD. The Reserve Bank of Australia (RBA) Governor, Philip Lowe, struck an upbeat tone on the Australian economy, stating that Australia’s economic growth over the next couple of years will be a bit firmer than it has been recently.

On Friday, the greenback traded lower in the New York session, against the key currencies, following dismal economic data in the US that clouded the nation’s growth prospects. Data revealed that the US flash Reuters/Michigan consumer sentiment index sharply declined in June, suggesting that ongoing political tensions in Washington may be denting confidence amongst Americans. Moreover, the nation’s housing starts dropped for a third straight month in May, hitting its lowest level in 8 months, while the nation’s building permits surprisingly eased in the same month, suggesting that housing sector will act as a drag on the nation’s economic growth in the second quarter.




MAJOR CURRENCY PAIR 6.19.17  

 EURUSD Early Glance at Euro Dollar for Monday

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1192 against the USD, slightly lower from the New York close. On the macro front, the Eurozone’s seasonally adjusted construction output rebounded on a monthly basis in April. This morning, the pair traded at a high of 1.1208 and a low of 1.1183. The Euro traded 0.21% higher against the US Dollar in the New York session on Friday, with the pair closing the session at 1.1196. The pair is expected to its find support at 1.1163 and its first resistance at 1.1214.

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 GBPUSD Early Glance At British Pound For Monday

GBPUSD

The pair is trading at 1.2804 at 09:40 GMT this morning, with the GBP trading 0.21% higher against USD from the New York close. Overnight data revealed that UK’s Rightmove house prices declined on a monthly basis in June. The pair traded at a high of 1.2815 and a low of 1.2761 this morning. On Friday, the Pound traded marginally higher against the US Dollar in the New York session and ended at 1.2777. Immediate downside, the first support level is seen at 1.2771, while on the upside, the first resistance level is situated at 1.2826.

 USDJPY Early Glance at Japanese Yen For Monday

USDJPY

At 09:40 GMT, the pair is trading at 110.94, with the US Dollar trading a tad higher against Yen from the New York close. Data released overnight indicated that Japan’s adjusted merchandise trade surplus surprisingly narrowed in May. The USD hit a high of 111.21 and a low of 110.79 against the JPY during the session. On Friday, the US Dollar traded 0.2% lower against the Yen in the New York session and ended at 110.88. Immediate downside, the first support level is seen at 110.5867, while on the upside, the first resistance level is situated at 111.3567.

 USDCHF Early Glance at the Swiss Franc for Monday

USDCHF

The USD is trading at 0.9718 against the CHF at 09:40 GMT this morning, 0.24% lower from the New York close. Looking ahead, investors will await the release of Switzerland’s SECO economic forecast report, slated tomorrow. During the session, the pair traded at a high of 0.9744 and a low of 0.9713. In the New York session on Friday, the US Dollar slightly fell against the Swiss Franc to close at 0.9741. Immediate downside, the first support level is seen at 0.9702, while on the upside, the first resistance level is situated at 0.9744.

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 USDCAD Early Glance at the Canadian Dollar for Monday

USDCAD

This morning at 09:40 GMT, the USD is trading at 1.3235 against the CAD, 0.17% higher from the New York close. Amid no economic releases in Canada today, investors will look forward to global events for further direction. The pair witnessed a high of 1.3252 and a low of 1.3210 during the session. In the New York session on Friday, the US Dollar fell 0.23% against the Canadian Dollar to close at 1.3212. Immediate downside, the first support level is seen at 1.3209, while on the upside, the first resistance level is situated at 1.3261.

 AUDUSD Early glance at Australian Dollar

AUDUSD

The Australian Dollar is trading at 0.7608 against the US Dollar at 09:40 GMT, 0.16% lower from the New York close. Going ahead, traders will keep a close watch on the Reserve Bank of Australia’s (RBA) June meeting minutes, scheduled to release tomorrow. This morning, the pair traded at a high of 0.7629 and a low of 0.7587. The AUD rose against the USD in the New York session on Friday, closing 0.07% higher at 0.7620. The pair is expected to its find support at 0.7587 and its first resistance at 0.7630.

 Early Look Into Gold Prices For Monday

Gold

Gold is trading at $1253.00 per ounce at 09:40 GMT this morning, 0.18% lower from the New York close. Gold witnessed a high of $1256.80 per ounce and a low of $1250.50 per ounce during the session. Gold fell in the New York session on Friday, closing 0.17% lower at $1255.20 per ounce, amid strength in global equity markets. Immediate downside, the first support level is seen at $1249.47 per ounce, while on the upside, the first resistance level is at $1257.57 per ounce.

 Early Look at Silver Prices for Moday

Silver

This morning, silver is trading at $16.66 per ounce at 09:40 GMT, 0.12% lower from the New York close. Silver witnessed a high of $16.68 per ounce and a low of $16.57 per ounce during the session. On Friday, silver traded 0.18% lower in the New York session and closed at $16.68 per ounce, tracking losses in gold prices. Silver has its first support at $16.55 per ounce and its first resistance at $16.78 per ounce.

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 Early Look into Crude Oil Prices On Monday

Oil

At 09:40 GMT, the commodity is trading at $44.84 per barrel, 0.36% higher from the New York close. During the session, crude oil traded at a high of $44.84 per barrel and a low of $44.45 per barrel. The commodity declined in the New York session on Friday, closing 0.22% lower at $44.68 per barrel, after Baker Hughes reported that active oil rigs in the US rose by 6 to 747 in the week ended 16 June. Crude oil has its first support at $44.55 per barrel and its first resistance at $45.04 per barrel.

 

Economic Snapshot

 

UK Rightmove house price index eased in June

The Rightmove house price index slid 0.40% on a monthly basis in the UK, in June. The Rightmove house price index had advanced 1.20% in the prior month.

 

Eurozone construction output advanced in April

On a monthly basis, the seasonally adjusted construction output in the Eurozone recorded a rise of 0.30% in April. Construction output had recorded a drop of 1.10% in the previous month.

 

 

Japanese exports rose less than expected in May

In May, exports rose 14.90% on a YoY basis in Japan, less than market expectations for an advance of 16.00%. Exports had climbed 7.50% in the previous month.

 

Chinese house price index advanced in May

The house price index recorded a rise of 10.40% on an annual basis, in May, in China. In the previous month, the house price index had climbed 10.70%.




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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST 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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