TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 5.3.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 5.3.17

A DAILY SOCIAL TRADING EVENT

BUZ INVESTORS  MAJOR CURRENCY PAIR 5.3.17 This morning, the greenback is trading higher against most of the major currencies, with investors looking forward to the FOMC meeting to get further clues on the timing

BUZ INVESTORS  MAJOR CURRENCY PAIR 5.3.17 This morning, the greenback is trading higher against most of the major currencies, with investors looking forward to the FOMC meeting to get further clues on the timing of the next interest rate hike. Additionally, the US ADP employment change, the ISM non-manufacturing and the final Markit services PMIs, will be eyed by investors.

The EUR is trading lower against the USD, after flash GDP data indicated that the Eurozone’s economy expanded at a robust pace in the first quarter of 2017, meeting market expectations, thus suggesting that the common currency region ended the first quarter with strong momentum. On the other hand, the region’s producer prices sharply dropped in March. Separately, Germany’s unemployment rate remained steady at a record low level in April, while the number of people unemployed sharply fell in the same month, thus indicating strength in the nation’s labor market.

The GBP is trading lower against the USD. In economic news, Britain’s construction sector showed a surprisingly strong performance in April, expanding at its fastest pace in 4 months, highlighting that builders are increasingly upbeat about their growth prospects, despite heightened uncertainty linked to the Brexit negotiations.

The AUD lost ground against the USD. On the macro front, Australia’s services sector grew for the seventh consecutive month in April.

Yesterday, the greenback traded lower in the New York session, against the key currencies.




 MAJOR CURRENCY PAIR 5.3.17

EURUSD Euro Shrugs as Eurozone Preliminary GDP Matches Forecast

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.0910 against the USD, 0.16% lower from the New York close. On the data front, Germany’s seasonally adjusted unemployment rate remained steady at 5.8% in April. This morning, the pair traded at a high of 1.0936 and a low of 1.0905. The Euro traded 0.17% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0927. The pair is expected to its find support at 1.0885 and its first resistance at 1.0935.

 

GBPUSD Trades Off Highs Ahead of FOMC

GBPUSD

At 09:40 GMT, the pair is trading at 1.2908, with the Pound trading 0.19% lower against US Dollar from the New York close. Earlier in the session, data indicated that Britain’s Markit construction PMI surprisingly advanced in April. The pair witnessed a high of 1.2949 and a low of 1.2881 during the session. Yesterday, the Pound traded 0.2% higher against the US Dollar in the New York session and ended at 1.2933. Immediate downside, the first support level is seen at 1.2876, while on the upside, the first resistance level is situated at 1.2944.

 

USDJPY Yen Edges Lower in Thin Holiday Trade, Fed Statement Ahead

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 112.20 against the Yen, 0.17% higher from the New York close. On account of a holiday observed in Japan today, investors will look forward to global events for further direction. During the session, the pair traded at a high of 112.23 and a low of 111.93. Yesterday, the US Dollar traded 0.21% lower against the Yen in the New York session and ended at 112.01. The pair is expected to its find support at 111.99 and its first resistance at 112.36.

 

USDCHF flirting with one-month lows, Fed in focus

USDCHF

The US Dollar is trading at 0.9895 against the Swiss Franc at 09:40 GMT this morning, 0.21% lower from the New York close. With no economic releases in Switzerland today, investor sentiment will be governed by global macroeconomic factors. The pair traded at a high of 0.9922 and a low of 0.9893 this morning. Yesterday, the USD traded 0.25% lower against the CHF in the New York session and ended at 0.9916. The pair is expected to its find support at 0.9874 and its first resistance at 0.9936.

 

USDCAD Bullish breakout

USDCAD

The pair is trading at 1.3717 at 09:40 GMT this morning, with the USD trading 0.07% higher against CAD from the New York close. The pair traded at a high of 1.3740 and a low of 1.3700 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing slightly higher at 1.3708. The pair is expected to its find support at 1.3657 and its first resistance at 1.3767.

 

AUDUSD has another go at getting under 0.7490

AUDUSD

The pair is trading at 0.7479 at 09:40 GMT this morning, with the Australian Dollar trading 0.72% lower against US Dollar from the New York close. Overnight data indicated that Australia’s AiG performance of services index advanced in April. This morning, the pair traded at a high of 0.7545 and a low of 0.7479. The Australian Dollar traded 0.27% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7533. The pair is expected to its find support at 0.7457 and its first resistance at 0.7523.

 

Gold Prices Drift Lower, Short-Term Defensive Support Fades

Gold

Gold is trading at $1254.80 per ounce at 09:40 GMT this morning, 0.21% lower from the New York close. This morning, the precious metal traded at a high of $1257.80 per ounce and a low of $1253.00 per ounce. Yesterday, gold traded 0.3% higher in the New York session and closed at $1257.40 per ounce, amid weakness in the US Dollar. Immediate downside, the first support level is seen at $1252.30 per ounce, while on the upside, the first resistance level is at $1257.60 per ounce.

 

Silver prices continue to drop for over two-weeks straight

Silver

The precious metal is trading at $16.83 per ounce at 09:40 GMT this morning, 0.18% lower from the New York close. During the session, silver traded at a high of $16.90 per ounce and a low of $16.74 per ounce. In the New York session yesterday, silver rose marginally and closed at $16.86 per ounce. Immediate downside, the first support level is seen at $16.71 per ounce, while on the upside, the first resistance level is at $16.97 per ounce.

 

Oil Prices Rebound From Five-Week Lows On Report Of Falling US Crude Stockpiles

Oil

The commodity is trading at $48.16 per barrel at 09:40 GMT this morning, 0.08% higher from the New York close. Crude oil witnessed a high of $48.23 per barrel and a low of $47.81 per barrel during the session. In the New York session yesterday, crude oil fell 1.41% to close at $48.12 per barrel, as investors continued to grapple with worries over growing Libyan crude output and a report showing lower compliance of production-cut by OPEC. Meanwhile, the API reported that US crude oil stockpiles fell by 4.2 million barrels last week. Immediate downside, the first support level is seen at $47.25 per barrel, while on the upside, the first resistance level is at $49.18 per barrel.

 

Economic Snapshot

 

 

UK construction PMI unexpectedly advanced in April

The construction PMI in the UK recorded an unexpected rise to a level of 53.10 in April, higher than market expectations of a drop to a level of 52.00. The construction PMI had registered a level of 52.20 in the previous month.

  

Eurozone GDP rose as expected in 1Q 2017

On a quarterly basis in 1Q 2017, the seasonally adjusted flash gross domestic product (GDP) advanced 0.50% in the Eurozone, in line with market expectations. GDP had risen 0.40% in the previous quarter.

 

German unemployment rate remained steady in April

In April, the seasonally adjusted unemployment rate remained steady at a level of 5.80% in Germany. Markets were expecting unemployment rate to record a flat reading.

  

Australian AIG performance of services index climbed in April

In April, the AIG performance of services index in Australia advanced to 53.00. In the prior month, the AIG performance of services index had registered a level of 51.70.

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Buz Investors Oil prices rise as survey suggest The commodity is trading at $52.40 per barrel at 10:40 GMT this morning, 0.32% lower from the New York close. Crude oil witnessed a high of $52.70 per barrel and a low of $52.24 per barrel during the session. In the New York session yesterday, crude oil fell 1.24%

Oil decreased 0.17 USD/BBL or 0.32% to 53.17

Oil decreased 0.17 USD/BBL or 0.32% to 53.17

 

Oil

Buz Investors   Oil decreased 0.17 The commodity is trading at $53.04 per barrel at 10:40 GMT this morning, 0.3% lower from the New York close.Buz Investors   Oil decreased 0.17 The commodity is trading at $53.04 per barrel at 10:40 GMT this morning, 0.3% lower from the New York close. Crude oil witnessed a high of $53.28 per barrel and a low of $52.76 per barrel during the session. In the New York session on Friday, crude oil rose 1.1% to close at $53.20 per barrel. Meanwhile, Baker Hughes disclosed that active oil rig count in the US rose by 7 to 609 last week, reaching its highest level since October 2015. Immediate downside, the first support level is seen at $52.62 per barrel, while on the upside, the first resistance level is at $53.43 per barrel.



OTHER STORIES BUZ TRADERS FOLLOW

Oil decreased 0.17

 Baker Hughes disclosed that active oil rig count in the US rose by 7 to 609 last week

Crude Oil decreased 0.17 USD/BBL or 0.32% to 53.17 on Monday March 6 from 53.24 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

Crude oil is the world’s most actively traded commodity. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on March of 2017.



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