FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.13.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.13.17

A DAILY SOCIAL TRADING EVENT

MAJOR CURRENCY PAIRS 7.13.17 This morning, the greenback is trading lower against most of the major currencies, ahead of US initial jobless claims data.

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.13.17 This morning, the greenback is trading lower against most of the major currencies, ahead of US initial jobless claims data.

The GBP is trading higher against the USD. Earlier today, the Bank of England’s (BoE) credit conditions survey showed that the availability of consumer credit in the UK tightened in the second quarter and that British banks are expected to cut back lending to consumers in the coming months, amid caution over Britain’s economic prospects.

The CAD is trading higher against the USD. Yesterday, the Bank of Canada (BoC) raised its key interest rate for the first time in 7 years, amid robust economic growth. In a post meeting statement, the BoC Governor, Stephen Poloz, vowed his confidence in the Canadian economy, stating that the economy no longer needs strong stimulus.

The AUD nudged higher against the USD. Earlier today, in China, Australia’s largest trading partner, trade surplus surprisingly widened in June, amid a surge in exports.

Yesterday, the greenback traded mostly higher in the New York session, against the key currencies, after the Fed Chair, Janet Yellen, sounded optimistic on the US economy. Further, Yellen signaled gradual approach to interest rate increases and added that rates will not have to rise much further to reach neutral rate. Also, she hinted that the Fed will likely begin to reduce the balance sheet this year. Separately, the Fed’s Beige Book report revealed that the US economy saw “slight to moderate” growth from late May through June, while reporting a shortage of qualified workers in most districts.




 

MAJOR CURRENCY PAIRS 7.13.17

 EURUSD Fell Early look onon Thursday July 13

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1408 against the USD, slightly lower from the New York close. On the data front, Germany’s final consumer price index rose in June, confirming the preliminary print. This morning, the pair traded at a high of 1.1456 and a low of 1.1395. The Euro traded 0.47% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1414. The pair is expected to its find support at 1.1373 and its first resistance at 1.1461.

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 GBPUSD Rose Early Look onThursday July 13

GBPUSD

At 09:40 GMT, the pair is trading at 1.2929, with the Pound trading 0.22% higher against US Dollar from the New York close. The pair witnessed a high of 1.2952 and a low of 1.2888 during the session. Yesterday, the Pound traded a tad higher against the US Dollar in the New York session and ended at 1.2900. Immediate downside, the first support level is seen at 1.2868, while on the upside, the first resistance level is situated at 1.2971.

 USDJPY Lower Early Look on Thursday July 13

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 113.06 against the Yen, 0.11% lower from the New York close. Going ahead, investors will focus on Japan’s final industrial production data, slated to release tomorrow. During the session, the pair traded at a high of 113.53 and a low of 112.86. Yesterday, the US Dollar traded 0.19% higher against the Yen in the New York session and ended at 113.19. The pair is expected to its find support at 112.70 and its first resistance at 113.57.

 USDCHF Higher Early Look on Thursday July 13

USDCHF

The US Dollar is trading at 0.9646 against the Swiss Franc at 09:40 GMT this morning, 0.06% lower from the New York close. Earlier today, data indicated that Switzerland’s producer and import prices unexpectedly fell in June. The pair traded at a high of 0.9654 and a low of 0.9616 this morning. Yesterday, the USD traded 0.46% higher against the CHF in the New York session and ended at 0.9652. The pair is expected to its find support at 0.9612 and its first resistance at 0.9671.

 USDCAD Fell Early Look on Thursday July 13

USDCAD

The pair is trading at 1.2734 at 09:40 GMT this morning, with the USD trading 0.09% lower against CAD from the New York close. The pair traded at a high of 1.2765 and a low of 1.2725 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 1.31% lower at 1.2745. The Canadian Dollar gained ground, after the BoC, at its latest monetary policy meeting, raised its key interest rate to 0.75% from 0.50%. The pair is expected to its find support at 1.2630 and its first resistance at 1.2888.

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 AUDUSD Higher Early Look on Thursday July 13

AUDUSD

The pair is trading at 0.7734 at 09:40 GMT this morning, with the Australian Dollar trading 0.69% higher against US Dollar from the New York close. In economic news, Australia’s consumer inflation expectation climbed in July. This morning, the pair traded at a high of 0.7737 and a low of 0.7675. The Australian Dollar traded marginally lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7681. The pair is expected to its find support at 0.7674 and its first resistance at 0.7766.

 Gold Prices Rose Early Look on Thursday July 13

Gold

Gold is trading at $1221.10 per ounce at 09:40 GMT this morning, 0.23% higher from the New York close. This morning, the precious metal traded at a high of $1223.60 per ounce and a low of $1217.20 per ounce. Yesterday, gold traded 0.48% lower in the New York session and closed at $1218.30 per ounce, amid strength in global equity markets. Immediate downside, the first support level is seen at $1214.00 per ounce, while on the upside, the first resistance level is at $1226.70 per ounce.

Silver Prices Higher Early Look on Thursday July 13

Silver

The precious metal is trading at $15.89 per ounce at 09:40 GMT this morning, 0.13% higher from the New York close. During the session, silver traded at a high of $15.95 per ounce and a low of $15.85 per ounce. In the New York session yesterday, silver fell 0.72% and closed at $15.87 per ounce, tracking losses in gold prices. Immediate downside, the first support level is seen at $15.73 per ounce, while on the upside, the first resistance level is at $16.02 per ounce.

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 Crude oil Prices Fell Early Look on Thursday July 13

Oil

The commodity is trading at $45.23 per barrel at 09:40 GMT this morning, 0.4% lower from the New York close. Crude oil witnessed a high of $45.58 per barrel and a low of $44.99 per barrel during the session. In the New York session yesterday, crude oil fell 1.24% to close at $45.41 per barrel, after OPEC reported that its crude production rose by 393,000 barrels per day in June, despite an agreement to freeze output. However, losses in crude prices were capped, after the EIA reported a sharp decline of 7.6 million barrels in US crude oil stockpiles last week. Immediate downside, the first support level is seen at $44.65 per barrel, while on the upside, the first resistance level is at $46.14 per barrel.

 

Economic Snapshot

 

UK house price balance dropped in June

House price balance recorded a drop to 7.0 in June, in the UK, compared to a level of 17.0 in the previous month. Markets were expecting house price balance to drop to 15.0.

 

German consumer price index advanced as expected in June

In June, on an annual basis, the final consumer price index in Germany registered a rise of 1.60%. The preliminary figures had also indicated a rise of 1.60%. The consumer price index had climbed 1.50% in the previous month.

 

Swiss producer and import price index unexpectedly slid in June

In June, the producer and import price index recorded an unexpected drop of 0.10% in Switzerland on a monthly basis, compared to a drop of 0.30% in the previous month.

 

 

Chinese exports rise more-than-expected in June

On a YoY basis, exports climbed 17.30% in June, in China, more than market expectations for a rise of 14.8%. In the prior month, exports had climbed 11.30%.

 



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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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