FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.11.17

CURRENCY TRADERS

MAJOR CURRENCY PAIRS 8.11.17 This morning, the greenback is trading mixed against most of the major currencies, with investors looking f

MAJOR CURRENCY PAIRS 8.11.17 This morning, the greenback is trading mixed against most of the major currencies, with investors looking forward to the crucial US consumer price inflation data, slated to release in a few hours, to get further cues about the Federal Reserve’s monetary policy trajectory.

The JPY is trading higher against the USD, as escalating geopolitical tension surrounding the US and North Korea continued to boost safe haven currency.

The AUD lost ground against the USD. The Reserve Bank of Australia’s (RBA) Governor, Philip Lowe, in a semiannual testimony to the House Economics Committee, stated that the central bank intends to keep interest rates lower for a longer period and added that any move in interest rate will likely be to the upside. Further, he pointed sluggish wage growth as one of the key risks to the Australian economy.

Yesterday, the greenback traded mixed in the New York session, against the key currencies. In economic news, first time claims for unemployment benefits in the US unexpectedly rose in the week ended 05 August 2017. Additionally, the nation’s producer prices surprisingly dropped to its lowest level in nearly a year in July. On the other hand, the nation’s budget deficit sharply narrowed in the same month.



MAJOR CURRENCY PAIRS 8.11.17

 EURUSD Forex Exchange Midday Lower Thursday August 10

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1753 against the USD, 0.13% lower from the New York close. Earlier today, data showed that Germany’s final consumer price index advanced in July, confirming the preliminary print. This morning, the pair traded at a high of 1.1779 and a low of 1.1749. The Euro traded 0.23% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1768. The pair is expected to its find support at 1.1710 and its first resistance at 1.1791.

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 GBPUSD Forex Exchange Opened Down Friday August 11

GBPUSD

At 09:40 GMT, the pair is trading at 1.2965, with the Pound trading 0.07% lower against US Dollar from the New York close. The pair witnessed a high of 1.2999 and a low of 1.2962 during the session. Yesterday, the Pound traded 0.28% lower against the US Dollar in the New York session and ended at 1.2974. On the macro front, UK’s NIESR estimated gross domestic product (GDP) advanced less-than-anticipated by 0.2% in the three months to July. Immediate downside, the first support level is seen at 1.2947, while on the upside, the first resistance level is situated at 1.2999.

 USDJPY Forex Exchange Opened Lower Friday August 11

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 109.03 against the Yen, 0.12% lower from the New York close. Amid no macroeconomic economic releases in Japan today, investor sentiment would be governed by global macroeconomic factors. During the session, the pair traded at a high of 109.27 and a low of 108.91. Yesterday, the US Dollar traded 0.41% lower against the Yen in the New York session and ended at 109.16. The pair is expected to its find support at 108.66 and its first resistance at 109.66.

 USDCHF Forex Exchange Opened lower Friday August 11

USDCHF

The US Dollar is trading at 0.9615 against the Swiss Franc at 09:40 GMT this morning, 0.09% lower from the New York close. The pair traded at a high of 0.9632 and a low of 0.9589 this morning. Yesterday, the USD traded 0.33% lower against the CHF in the New York session and ended at 0.9624. The pair is expected to its find support at 0.9578 and its first resistance at 0.9664.

 USDCAD Forex Exchange Opened Friday August 11

USDCAD

The pair is trading at 1.2736 at 09:40 GMT this morning, with the USD trading a tad lower against CAD from the New York close. The pair traded at a high of 1.2753 and a low of 1.2723 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.54% higher at 1.2742. Data showed that Canada’s new housing price index climbed less-than-anticipated on a monthly basis in June. The pair is expected to its find support at 1.2688 and its first resistance at 1.2768.

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 AUDUSD Forex Exchange Opened Lower Friday August 11

AUDUSD

The pair is trading at 0.7849 at 09:40 GMT this morning, with the Australian Dollar trading 0.25% lower against US Dollar from the New York close. Next week, investors will look forward to minutes of the Reserve Bank of Australia’s latest monetary policy meeting. This morning, the pair traded at a high of 0.7875 and a low of 0.7839. The Australian Dollar traded 0.34% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7869. The pair is expected to its find support at 0.7825 and its first resistance at 0.7888.

 Gold Future Prices Opened Higher Friday August 11

Gold

Gold is trading at $1294.10 per ounce at 09:40 GMT this morning, 0.15% higher from the New York close. This morning, the precious metal traded at a high of $1294.90 per ounce and a low of $1289.80 per ounce. Yesterday, gold traded 0.13% higher in the New York session and closed at $1292.20 per ounce, amid a sharp decline in global equity markets. Immediate downside, the first support level is seen at $1287.37 per ounce, while on the upside, the first resistance level is at $1297.87 per ounce.

 Silver Futures Price Opened Higher Friday August 11

Silver

The precious metal is trading at $17.13 per ounce at 09:40 GMT this morning, 0.09% higher from the New York close. During the session, silver traded at a high of $17.20 per ounce and a low of $17.01 per ounce. In the New York session yesterday, silver fell 0.52% and closed at $17.12 per ounce. Immediate downside, the first support level is seen at $17.01 per ounce, while on the upside, the first resistance level is at $17.25 per ounce.

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 Crude Oil Future Price Opened Down Friday August 11

Oil

The commodity is trading at $48.15 per barrel at 09:40 GMT this morning, 0.86% lower from the New York close. Crude oil witnessed a high of $48.69 per barrel and a low of $48.01 per barrel during the session. In the New York session yesterday, crude oil fell 3.21% to close at $48.57 per barrel, after the OPEC stated that the its July crude production rose by 173,000 barrels per day (bpd) to 32.87 million bpd. Meanwhile, OPEC revised up its 2017 global oil demand forecast by 100,000 bpd to 1.37 million bpd. Immediate downside, the first support level is seen at $47.37 per barrel, while on the upside, the first resistance level is at $49.58 per barrel.

 



Economic Snapshot

 .

German consumer price index advanced as expected in July

The final consumer price index rose 1.70% in Germany on an annual basis in July, compared to a rise of 1.60% in the previous month. Market anticipation was for the consumer price index to advance 1.70%. The preliminary figures had also recorded a rise of 1.70%.

 

Italian consumer price index rose as anticipated in July

On an annual basis, the final consumer price index rose 1.10% in Italy, in July, meeting market expectations. The consumer price index had risen 1.20% in the prior month. The preliminary figures had also recorded an advance of 1.10%.



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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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