TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 7.6.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 7.6.17

A DAILY SOCIAL TRADING EVENT

MAJOR CURRENCY PAIR 7.6.17  This morning, the greenback is trading mostly lower against most of the major currencies, ahead of the US ADP

FOREX INVESTORS   MAJOR CURRENCY PAIR 7.6.17  This morning, the greenback is trading mostly lower against most of the major currencies, ahead of the US ADP employment report, the ISM and Markit services PMI along with the initial jobless claims data, all slated to release in a few hours.

The EUR is trading higher against the USD. On the macro front, Germany’s seasonally adjusted factory orders rebounded less-than-expected in May, while the nation’s construction sector continued to expand in June, albeit at a slower pace. Ahead in the day, investors will closely monitor the European Central Bank’s (ECB) July meeting minutes, to get cues on whether the bank is closer to begin scaling back its monetary stimulus.

The CHF is trading lower against the USD, after data indicated that Switzerland’s annual inflation advanced at its weakest pace in 7 months in June, amid strength in the local currency.

Yesterday, the greenback traded lower in the New York session, against the key currencies, after minutes from of the Federal Reserve’s (Fed) June meeting showed that policymakers were split on the inflation outlook and on the time frame for winding down the central bank’s balance sheet. Few members argued to start the process within a couple of months, while others favored waiting. Also, a drop-off in inflation was still a concern for some of its members but most officials expressed optimism that an apparent weakness in inflation is temporary.

On the economic front, the final durable goods orders eased less than initially estimated in May, while factory orders sharply declined in May.




MAJOR CURRENCY PAIR 7.6.17

 EURUSD Rose Early Trade For to 1.1343 on Thursday July 6

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1364 against the USD, 0.11% higher from the New York close. In economic news, data showed that Germany’s Markit construction PMI declined in June. This morning, the pair traded at a high of 1.1368 and a low of 1.1330. The Euro traded 0.27% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1352. The pair is expected to its find support at 1.1329 and its first resistance at 1.1384.

READ  TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.2.17

GBPUSD Increased Early Trade for British Pound to 1.2927 on Thursday July 6

GBPUSD

At 09:40 GMT, the pair is trading at 1.2943, with the Pound trading marginally higher against US Dollar from the New York close. Going ahead, investors will await the release of UK’s NIESR GDP estimate, trade balance, industrial and manufacturing production data, all slated to release tomorrow. The pair witnessed a high of 1.2947 and a low of 1.2920 during the session. Yesterday, the Pound traded 0.18% higher against the US Dollar in the New York session and ended at 1.2938. Immediate downside, the first support level is seen at 1.2913, while on the upside, the first resistance level is situated at 1.2960.

 USDJPY Fell Early Trade for Japanese Yen to 113.2300 on Thursday July 6

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 113.35 against the Yen, 0.17% higher from the New York close. Moving forward, Japan’s flash leading as well as coincident indices, both scheduled to release tomorrow, will be on investors’ radar. During the session, the pair traded at a high of 113.45 and a low of 112.89. Yesterday, the US Dollar traded 0.39% lower against the Yen in the New York session and ended at 113.16. The pair is expected to its find support at 112.93 and its first resistance at 113.73.

 USDCHF Fell Early Trade for Swiss Franc to 0.9651 on Thursday July 6

USDCHF

The US Dollar is trading at 0.9645 against the Swiss Franc at 09:40 GMT this morning, 0.06% higher from the New York close. The Swiss Franc lost ground, after data indicated that Switzerland’s consumer prices surprisingly declined on a monthly basis in June. The pair traded at a high of 0.9660 and a low of 0.9637 this morning. Yesterday, the USD traded 0.34% lower against the CHF in the New York session and ended at 0.9639. The pair is expected to its find support at 0.9625 and its first resistance at 0.9676.

 USDCAD Rose Early Trade For Canadian Dollar to 1.2965 on Thursday July 6

READ  CURRENCY INVESTORS BUZZ EURUSD Weekly Outlook

USDCAD

The pair is trading at 1.2940 at 09:40 GMT this morning, with the USD trading 0.13% lower against CAD from the New York close. Moving ahead, traders will focus on Canada’s building permits and international merchandise trade data, slated to release in a few hours. The pair traded at a high of 1.2983 and a low of 1.2936 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.11% lower at 1.2957. The pair is expected to its find support at 1.2912 and its first resistance at 1.2991.

 Australia S&P/ASX 200 Fell Early Trade to 5736 on Thursday July 6

AUDUSD

The pair is trading at 0.7604 at 09:40 GMT this morning, with the Australian Dollar trading a tad lower against US Dollar from the New York close. Earlier in the session, data showed that Australia’s seasonally adjusted trade surplus expanded more-than-expected in May. This morning, the pair traded at a high of 0.7615 and a low of 0.7586. The Australian Dollar traded 0.26% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7606. The pair is expected to its find support at 0.7578 and its first resistance at 0.7622.

 Gold Price Rose Early Trade to 1,229.36 on Thursday July 6

Gold

Gold is trading at $1224.10 per ounce at 09:40 GMT this morning, 0.12% lower from the New York close. This morning, the precious metal traded at a high of $1229.50 per ounce and a low of $1222.50 per ounce. Yesterday, gold traded 0.67% higher in the New York session and closed at $1225.60 per ounce, amid a broad weakness in the greenback. Immediate downside, the first support level is seen at $1217.23 per ounce, while on the upside, the first resistance level is at $1230.23 per ounce.

 Silver Price slipped Early Trade to 16.04 on Thursday July 6

Silver

The precious metal is trading at $16.00 per ounce at 09:40 GMT this morning, 0.31% lower from the New York close. During the session, silver traded at a high of $16.08 per ounce and a low of $15.94 per ounce. In the New York session yesterday, silver rose 1.04% and closed at $16.05 per ounce, tracking gains in gold prices. Immediate downside, the first support level is seen at $15.87 per ounce, while on the upside, the first resistance level is at $16.10 per ounce.

READ  FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.18.17

 Crude Oil Price Rose Early Trade to 45.55 on Thursday July 6

Oil

The commodity is trading at $45.72 per barrel at 09:40 GMT this morning, 0.07% lower from the New York close. Crude oil witnessed a high of $45.90 per barrel and a low of $45.20 per barrel during the session. In the New York session yesterday, crude oil fell 1.55% to close at $45.75 per barrel, as reports of a rise in OPEC’s June crude production and news that Russia did not favor further production cuts weighed on investors’ sentiment. Meanwhile, the API indicated that US crude stockpiles fell by 5.8 million barrels last week. Immediate downside, the first support level is seen at $44.60 per barrel, while on the upside, the first resistance level is at $46.75 per barrel.

 




Economic Snapshot

 

German factory orders rose less-than-expected in May

On a MoM basis in Germany, the seasonally adjusted factory orders climbed 1.00% in May, less than market expectations for a rise of 1.90%. Factory orders had registered a revised drop of 2.20% in the prior month.

 

German construction PMI declined in June

In June, the Markit construction PMI fell to a level of 55.1 in Germany, compared to a reading of 55.3 in the previous month.

 

Swiss consumer price index unexpectedly eased in June

In June, the consumer price index recorded an unexpected drop of 0.10% in Switzerland on a monthly basis. The consumer price index had risen 0.20% in the previous month.

 

Australian trade surplus widened in May

Australia has registered the seasonally adjusted trade surplus of A$2471.00 million in May, from a revised trade surplus of A$90.00 million in the previous month. Market anticipation was for a trade surplus of A$1100.00 million.




Click here for reuse options!
Copyright 2017 Investors Buz

Leave a Reply