GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD FOREX INVESTORS RISING MIDDAY Monday August 21

GBPUSD FOREX INVESTORS RISING MIDDAY Monday August 21

GBPUSD FOREX INVESTORS increased 0.0034 or 0.26% to 1.2906 on Monday August 21 from 1.2872 i
GBP/USD remains on the downside with 1.2915 minor resistance intact. Current fall from 1.3267 should target 1.2588 key near term support. We’re favoring the case that correction from 1.1946 is completed at 1.3267. Decisive break of 1.2588 will confirm our view and target a test on 1.1946 low. On the upside, above 1.2915

GBPUSD FOREX INVESTORS increased 0.0034 or 0.26% to 1.2906 on Monday August 21 from 1.2872 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.

24-hour view: “GBP traded in a range of 1.3832/1.2919, modestly wider than our expected 1.2830/1.2910 consolidation range. The daily closing is largely unchanged which suggests further range trading, likely not moving much out of last Friday’s range”.



GBPUSD FOREX INVESTORS

Next 1-3 weeks: “The bearish phase that started two weeks ago (see update on 07 Aug, spot at 1.3045) is still intact as GBP eked out a ‘fresh low’ of 1.2832 last Friday. Downward momentum appears to be struggling even though another leg lower towards the major support at 1.2775 is not ruled out just yet. Only a move back above 1.2970 (stop-loss level unchanged) would indicate that the bearish phase has ended (on a shorter-term note, GBP should ideally hold below the 1.2920 resistance)”.

In the bigger picture, overall, price actions from 1.1946 medium term low are seen as a corrective pattern. While further rise cannot be ruled out, larger outlook remains bearish as long as 1.3444 key resistance holds. Down trend from 1.7190 (2014 high) is expected to resume later after the correction completes. And break of 1.2588 will indicate that such down trend is resuming.




Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



Currency Traders Week Ahead  In the US, inflation figures and JOLTs job openings will be in the spotlight.

FOREX INVESTORS BUZZ Weekly Forex Update

FOREX INVESTORS BUZZ Weekly Forex Update

CURRENCY TRADERS

Weekly Forex Update Last week, the forex market was dictated by dovish minutes of the Federal Reserve’s <span data-recalc-dims=(Fed) and the European Central Bank’s July monetary policy meeting." width="300" height="132" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/06/weekly-forex-buzz-word.png?resize=300%2C132 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/06/weekly-forex-buzz-word.png?w=733 733w" sizes="(max-width: 300px) 100vw, 300px" />

Weekly Forex Update Last week, the forex market was dictated by dovish minutes of the Federal Reserve’s (Fed) and the European Central Bank’s July monetary policy meeting.

The greenback ended mixed against its key peers last week, after minutes of the Fed’s latest meeting indicated that the central bank could demur on additional interest rate hike this year. According to minutes, policymakers appeared divided over another interest rate increase this year as some members opposed further hikes until there was more concrete evidence that the recent softness in inflation is transitory. However, others argued that such a delay could cause an eventual overshooting in inflation.

On the macro front, advance retail sales in the US posted its sharpest increase in 7 months in July, suggesting that consumer spending was off to a good start in the third quarter. Moreover, confidence amongst Americans surged to a 7-month high in August. Further, the nation’s business inventories jumped to a 7-month high in June, while the NAHB housing market index recorded an unexpected rise in August. Additionally, the number of Americans filing for initial jobless claims dropped to a 6-month low in the week ended 12 August. Also, the nation’s industrial production climbed less-than-expected in July. On the contrary, manufacturing production recorded an unexpected drop in July.

The Euro ended the week lower against the USD, after minutes of the ECB’s July meeting revealed that policymakers expressed concerns over stubbornly low inflation. Further, officials remained wary over the strength in the Euro and warned that the recent surge in the currency could hamper the central bank’s efforts to get inflation to its target.

The Pound ended the week on a weaker footing against the USD, after annual inflation in Britain came in softer-then-expected in July. On the contrary, the nation’s ILO unemployment rate unexpectedly dropped in the three months to June, highlighting robust jobs market despite an overall slowdown in economic growth



Weekly Forex Update

 

EURUSD Forex Exchange Weekly Outlook

EURUSD

Last week, the EUR traded 0.51% lower against the USD and closed at 1.1761, after minutes of the ECB’s July meeting highlighted some nervousness among committee members about the strength in the Euro. On the macro front, second estimate of the Eurozone’s seasonally adjusted gross domestic product (GDP) advanced 0.6% on a quarterly basis in the second quarter of 2017, confirming the preliminary print. Further, the region’s final consumer price index (CPI) rose 1.3% on an annual basis in July, in line with the flash estimate, while seasonally adjusted trade surplus expanded more-than-anticipated in June. On the contrary, the region’s seasonally adjusted industrial production eased more-than-expected in June, while seasonally adjusted current account surplus sharply narrowed in the same month. Moreover, the region’s seasonally adjusted construction output declined in June. Separately, Germany’s seasonally adjusted GDP advanced less-than-expected by 0.6% on a quarterly basis in the second quarter of 2017. The EUR hit a high of 1.1838 and a low of 1.1662 against the USD in the previous week. The pair is expected to find its first support at 1.1669 and first resistance at 1.1845. The second support is expected at 1.1577 and second resistance at 1.1929. This week, investors will focus on the Markit manufacturing and services PMIs as well as the ZEW economic sentiment data across the Eurozone. Additionally, the Eurozone’s consumer confidence coupled with Germany’s Ifo expectations index, would also be keenly watched by traders.

 GBPUSD FOREX EXCHANGE Weekly Outlook August 21, 2017

GBPUSD

During the previous week, the GBP traded 1.11% lower against the USD and ended at 1.2870, following the release of weaker-than-expected inflation data in the UK. Data indicated that Britain’s consumer price index (CPI) climbed less-than-anticipated by 2.6% on an annual basis in July. Nevertheless, the nation’s retail sales topped market consensus in July. Moreover, the nation’s ILO unemployment rate unexpectedly dropped in the three months to June, while annual average earnings including bonus climbed above market expectations in the same period. The GBP hit a high of 1.3022 and a low of 1.2832 against the USD in the previous week. The pair is expected to find its first support at 1.2796 and first resistance at 1.2986. The second support is expected at 1.2719 and second resistance at 1.3099. Investors will keep a close watch on Britain’s 2Q GDP report, BBA mortgage approvals and public sector net borrowing data, all slated to release this week.

 USDJPY FOREX EXCHANGE Weekly Outlook

USDJPY

The USD traded marginally lower against the JPY last week, with the pair closing at 109.18. Macroeconomic data revealed that Japan’s preliminary GDP expanded higher-than-expected by 1.0% on a quarterly basis in the second quarter of 2017, while the nation’s final industrial production was revised higher in June. Additionally, the nation’s adjusted merchandise trade surplus widened more-than-anticipated in July. The pair traded at a high of 110.95 and a low of 108.60 during the previous week. Immediate downside, the first support level is seen at 108.22, followed by 107.24, while on the upside, the first resistance level situated in 110.57, followed by 111.94. This week, traders will focus on Japan’s national consumer price index and flash Nikkei manufacturing PMI data.

 USDCHF FOREX EXCHANGE Weekly Outlook

USDCHF

The USD traded 0.29% higher against the CHF last week, with the pair closing at 0.9646. On the data front, Switzerland’s producer and import price index remained flat on a monthly basis in July, at par with market expectations. The USD hit a high of 0.9766 and a low of 0.9586 against the CHF in the previous week. Immediate downside, the first support level is seen at 0.9567, followed by 0.9487, while on the upside, the first resistance level situated in 0.9747, followed by 0.9847. Going forward, Switzerland’s trade balance and industrial production data, set to release this week, will attract a lot of investor attention.

 USDCAD FX EXCHANGE Weekly Outlook August 21, 2017

USDCAD

During the previous week, the USD traded 0.73% lower against the CAD and ended at 1.2585. The Canadian dollar rose against the USD, after Canada’s consumer price index advanced 1.2% on an annual basis in July, meeting market expectations. Moreover, the nation’s Teranet/National Bank house price index climbed in July. On the other hand, existing home sales eased in July, while manufacturing shipments sharply fell in June. During the previous week, the pair traded at a high of 1.2778 and a low of 1.2557. The pair is expected to witness its first support at 1.2502 and second support at 1.2419, while the first resistance is expected at 1.2723 and second resistance at 1.2861. Looking ahead, traders will closely monitor Canada’s retail sales data, the sole important release this week.

 AUDUSD FX Exchange Weekly Outlook

AUDUSD

Last week, the AUD traded 0.44% higher against the USD and closed at 0.7929, on the back of hawkish minutes of the Reserve Bank of Australia’s (RBA) August meeting. Minutes indicated that officials expressed confidence that Australian economic growth is likely to pick up pace in the coming months. However, the central bank reiterated its view that the housing market as well as household debt warrants “careful monitoring” and that any further rise in the local currency could lead to slower growth and subdued inflation. Gains in Aussie were boosted further, after data showed that Australia’s seasonally adjusted unemployment rate fell to 5.6% in July, in line with market expectations. Also, the nation’s Westpac leading index rebounded in July. The AUD hit a high of 0.7963 and a low of 0.7808 against the USD in the previous week. The pair is expected to witness its first support at 0.7838 and second support at 0.7745, while the first resistance is expected at 0.7993 and second resistance at 0.8055. With no major economic releases in Australia this week, investor sentiment will be governed by global macroeconomic events.

 

Gold

Gold fell last week, closing 0.4% lower at USD1284.13 per ounce, as fading concerns of a possible war between the US and North Korea increased risk appetite among investors. Gold hit a high of USD1306.90 per ounce and a low of USD1272.70 per ounce during the previous week. The yellow metal is expected to witness its first support at USD1273.03 per ounce and second support at USD1255.77 per ounce, while the first resistance is expected at USD1307.23 per ounce and second resistance at USD1324.17 per ounce.

 CRUDE OIL FUTURES – WEEKLY OUTLOOK: AUGUST 21 – 25

 

Crude Oil

Crude oil traded 0.63% lower in the previous week, closing at USD48.51 per barrel, after the Energy Information Administration (EIA) reported that US crude production jumped by 79,000 barrels per day (bpd) to 9.502 million bpd in the week ended 11 August, hitting its highest level in over 2 years. However, losses in crude prices were limited, after the EIA reported that US crude oil stockpiles declined by 8.95 million barrels to 466.50 million barrels in the week ended 11 August, while the American Petroleum Institute (API) indicated a massive draw of 9.20 million barrels in the US crude oil inventories in the same week. The commodity hit a high of USD49.16 per barrel and a low of USD46.46 per barrel in the previous week. Immediate downside, the first support level is seen at USD47.07 per barrel, followed by USD45.42 per barrel, while on the upside, the first resistance level situated in USD49.77 per barrel, followed by USD50.82 per barrel.

 

Like up on FACEBOOK




logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



Currency Traders Week Ahead  In the US, inflation figures and JOLTs job openings will be in the spotlight.

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.21.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.21.17

CURRENCY TRADERS

MAJOR CURRENCY PAIRS 8.21.17 This morning, the greenback is trading higher against most of the major currencies,

MAJOR CURRENCY PAIRS 8.21.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the Chicago Fed national activity index, slated to release in a few hours.

The EUR is trading lower against the USD. According to the Bundesbank monthly report, the German economy will probably maintain a healthy pace of growth in the current quarter, on the back of exceptionally strong industrial production, robust exports and high consumption.

The CAD lost ground against the USD. On Friday, data showed that Canada’s consumer price inflation advanced on an annual basis in July, meeting market expectations, suggesting that prices are pushing up after easing last month.

On Friday, the greenback traded mixed in the New York session against the key currencies, after the removal of Steve Bannon as White House chief strategist sparked a fresh wave of uncertainty and stoked doubts over the likelihood that the US President, Donald Trump’s pro-growth agenda would come to fruition.

Data showed that consumer confidence in the US sharply strengthened in August, pushing the index to its highest level in 7-months, as consumers remained upbeat about their financial prospects and future economic conditions.



MAJOR CURRENCY PAIRS 8.21.17

 EURUSD FOREX EXCHANGE OPENED LOWER Monday August 21

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1740 against the USD, 0.2% lower from the New York close. Moving ahead, investors will look forward to the ZEW economic sentiment data across the Eurozone, slated to release tomorrow. This morning, the pair traded at a high of 1.1764 and a low of 1.1731. The Euro traded 0.11% higher against the US Dollar in the New York session on Friday, with the pair closing the session at 1.1763. The pair is expected to its find support at 1.1724 and its first resistance at 1.1762.

 GBPUSD FOREX EXCHANGE OPENED HIGHER Monday August 21

GBPUSD

At 09:40 GMT, the pair is trading at 1.2878, with the Pound trading a tad lower against US Dollar from the New York close. Overnight data showed that Britain’s Rightmove house price index fell on a monthly basis in August. The pair witnessed a high of 1.2886 and a low of 1.2850 during the session. On Friday, the Pound traded a tad lower against the US Dollar in the New York session and ended at 1.2884. Immediate downside, the first support level is seen at 1.2841, while on the upside, the first resistance level is situated at 1.2907.

 USDJPY FOREX EXCHANGE ROSE AT OPEN Monday August 21

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 109.02 against the Yen, 0.18% lower from the New York close. Earlier today, data indicated that Japan’s all industry activity index rebounded on a monthly basis in June. During the session, the pair traded at a high of 109.42 and a low of 108.90. On Friday, the US Dollar traded 0.32% higher against the Yen in the New York session and ended at 109.22. The pair is expected to its find support at 108.55 and its first resistance at 109.55.

 USDCHF FOREX EXCHANGE OPENED HIGHER Monday August 21

USDCHF

The US Dollar is trading at 0.9674 against the Swiss Franc at 09:40 GMT this morning, 0.33% higher from the New York close. Going ahead, Switzerland’s trade balance data, scheduled to release tomorrow, will be on investors’ radar. The pair traded at a high of 0.9675 and a low of 0.9642 this morning. On Friday, the USD traded 0.35% higher against the CHF in the New York session and ended at 0.9642. The pair is expected to its find support at 0.9615 and its first resistance at 0.9704.

 USDCAD FOREX EXCHANGE OPENED HIGHER Monday August 21

USDCAD

The pair is trading at 1.2598 at 09:40 GMT this morning, with the USD trading 0.21% higher against CAD from the New York close. The pair traded at a high of 1.2607 and a low of 1.2571 this morning. The US Dollar declined against the Canadian Dollar in the New York session on Friday, closing 0.12% lower at 1.2572. The Canadian dollar rose against the USD, after Canada’s consumer price index advanced on an annual basis in July, meeting market expectations. The pair is expected to its find support at 1.2548 and its first resistance at 1.2658.

 AUDUSD FOREX EXCHANGE OPENED HIGHER Monday August 21

AUDUSD

The pair is trading at 0.7915 at 09:40 GMT this morning, with the Australian Dollar trading 0.19% lower against US Dollar from the New York close. Amid no economic releases in Australia today, investor sentiment will be determined by global macroeconomic events. This morning, the pair traded at a high of 0.7935 and a low of 0.7911. The Australian Dollar traded marginally higher against the US Dollar in the New York session on Friday, with the pair closing the session at 0.7930. The pair is expected to its find support at 0.7899 and its first resistance at 0.7938.

GOLD FUTURES PRICE OPENED DOWN Monday August 21

Gold

Gold is trading at $1293.40 per ounce at 09:40 GMT this morning, 0.24% higher from the New York close. This morning, the precious metal traded at a high of $1294.70 per ounce and a low of $1287.00 per ounce. On Friday, gold traded 0.94% lower in the New York session and closed at $1290.30 per ounce, reversing its previous session gains. Immediate downside, the first support level is seen at $1284.63 per ounce, while on the upside, the first resistance level is at $1304.53 per ounce.

 SILVER FUTURES PRICE OPENED HIGHER Monday August 21

Silver

The precious metal is trading at $17.02 per ounce at 09:40 GMT this morning, 0.38% higher from the New York close. During the session, silver traded at a high of $17.05 per ounce and a low of $16.90 per ounce. In the New York session on Friday, silver fell 1.6% and closed at $16.95 per ounce, tracking weakness in gold prices. Immediate downside, the first support level is seen at $16.83 per ounce, while on the upside, the first resistance level is at $17.26 per ounce.

 Crude Oil FUTURES PRICE OPENED HIGHER Monday August 21

Oil

The commodity is trading at $48.52 per barrel at 09:40 GMT this morning, 0.43% lower from the New York close. Crude oil witnessed a high of $48.74 per barrel and a low of $48.31 per barrel during the session. In the New York session on Friday, crude oil rose 3.37% to close at $48.73 per barrel, after news emerged that a unit of one of the largest oil refineries in the US has been shut down. Additionally, Baker Hughes disclosed that US crude oil rig count fell by 5 to 763 last week. Immediate downside, the first support level is seen at $47.29 per barrel, while on the upside, the first resistance level is at $49.25 per barrel.

 


Economic Snapshot

 

UK Rightmove house price index registered a drop in August

The Rightmove house price index in the UK dropped 0.90% in August on a monthly basis. In the previous month, the Rightmove house price index had risen 0.10%.

 

Japanese all industry activity index advanced as expected in June

On a MoM basis, the all industry activity index in Japan registered a rise of 0.40% in June, compared to a revised drop of 0.80% in the previous month. Market expectation was for the all industry activity index to rise 0.40%.




Like up on FACEBOOK


logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

FOREX INVESTORS BUZZ STOCKS TRADERS BUZZ NEXT WEEK

FOREX INVESTORS BUZZ STOCKS TRADERS WATCH NEXT WEEK

STOCK TRADERS BUZZ STOCKS TRADERS WATCH Key events are scheduled for the companies listed below next week.

STOCK TRADERS BUZZ STOCKS TRADERS WATCH Key events are scheduled for the companies listed below next week.

Notable earnings reports: A tech-heavy list includes 58.com (NYSE:(WUBA) on Aug. 21; Toll Brothers (NYSE:(TOL) on Aug. 22; DSW (NYSE:(DSW) on Aug. 22; JA Solar (NASDAQ(:JASO) on Aug. 22; Cree (NASDAQ:(CREE) on Aug. 22; Salesforce.com (NYSE:(CRM) on Aug. 22; Medtronic (NYSE:(MDT) on Aug. 22; HP (NYSE(:HPQ) on Aug. 23; Eaton Vance (NYSE:EV) on Aug. 23; American Eagle Outfitters (NYSE:(AEO) on Aug. 23; Williams-Sonoma (NYSE:WSM) on Aug. 23; Lannett (NYSEMKT:(LCI) on Aug. 23; Veeva Systems (NYSE:(VEEV) on Aug. 24; Broadcom (NASDAQ:(AVGO) on Aug. 24; Marvell Technology (NASDAQ:(MRVL) on Aug. 24; VMware (NYSE:(VMW) on Aug. 24; GameStop (NYSE:(GME) on Aug. 24; Staples (NASDAQ:(SPLS) on Aug. 24.

IPO quiet period expirations: Co-Diagnostics (Pending:(CODX) on Aug. 21; Redfin (Pending:(RDFN) analyst quiet period expires Aug. 22; Akcea Therapeutics (NASDAQ:(AKCA) on Aug. 23.



STOCKS TRADERS WATCH

Secondary offering lockup expirations: Clovis Oncology (NASDAQ:(CLVS) on Aug. 21; GlycoMimetics (NASDAQ:(GLYC) on Aug. 22; Camping World (NYSE:(CWH) on Aug. 23; Costamare (NYSE:(CMRE) on Aug. 23.

Notable annual meetings: Quality Systems (NASDAQ:(QSII) on Aug. 22; Microchip Technology (NASDAQ:(MCHP) on Aug. 22; Bob Evans Farms (NASDAQ:(BOBE) on Aug. 23; Gladstone Investment (NASDAQ:(GAIN) on Aug. 24; Organovo (NYSEMKT:(ONVO) on Aug. 24.

Special shareholder meetings: Whole Foods (NASDAQ:WFM) holds a shareholder vote on its acquisition by Amazon.com (NASDAQ:(AMZN) Aug. 23 at 9:30 a.m. ET.

Business update call: Fidelity & Guaranty Life (NYSE:FGL) holds its Q3 bondholder call on Aug. 21.

Notable conferences: Heikkinen Energy Conference in Houston Aug. 23 features Southwestern Energy (NYSE:(SWN) and EnLink Midstream (NYSE:(ENLC). CFA Intellisight Conference in Minneapolis Aug. 22-23 features Marcus (NYSE:(MCS) and CorEnergy Infrastructure Trust (NYSE:(CORR).

FDA watch: Alnylam (NASDAQ:(ALNY) holds an update call on RNAi Therapeutics on Aug. 23. Adamas Pharmaceuticals (NASDAQ:(ADMS) has its Pdufa date for ADS-5102 to treat levodopa-induced dyskinesia in patients with Parkinson’s disease on Aug. 24.

OPEC watch: The OPEC/non-OPEC Joint Technical Committee meets in Vienna to assess compliance with production cuts on Aug. 21.

Barron’s mentions: The cover explores why Starbucks (NASDAQ:(SBUX) could jump 20%, with some help from digital payments. Lockheed Martin (NYSE:(LMT) should benefit from an expected boost in military outlays. Gardner Denver (NYSE:(GDI) could see 40% upside after a retooling under (KKR. Motorola Solutions (NYSE:(MSI) faces challenges as a big new public-safety network might supplant the company’s two-way radios. And dividend investors should look beyond pharmaceutical stocks to the healthy yields in the rest of healthcare.




Like up on FACEBOOK


logo

Major Telcom Stocks ( T stock )   ( VZ ) ( TMUS ) ( TWX )  ( CMCSA) ( SSNLF ) ( AAPL )



Currency Traders Week Ahead  In the US, inflation figures and JOLTs job openings will be in the spotlight.

FOREX INVESTORS BUZZ WEEK AHEAD

FOREX INVESTORS BUZZ WEEK AHEAD

CURRENCY TRADERS

CURRENCY TRADERS  WEEK AHEAD In the US, investors will be waiting for new and existing home sales, durable goods orders and flash Markit

WEEK AHEAD In the US, investors will be waiting for new and existing home sales, durable goods orders and flash Markit PMIs. Elsewhere, key data include UK and Germany GDP growth; Japan inflation rate and manufacturing PMI; and flash PMI data for the Eurozone, Germany and France.

In the US, the most important releases are new and existing home sales, durable goods orders and flash Markit PMIs. Other key data include: Fannie Mae and Freddie Mac house prices; Chicago Fed National Activity Index; Richmond Fed Manufacturing Index; and Kansas Fed Manufacturing Index.



WEEK AHEAD

In the UK, GDP growth, business investment and CBI industrial trends orders will be in the spotlight. Elsewhere in Europe, important releases include flash PMI data for the EurozoneGermany and France. Markets will also focus on the Eurozone consumer confidence; Germany GDP growth, ZEW economic sentiment and Ifo business climate; and French business and consumer sentiment.
In Japan, analysts are eyeing inflation rate and flash manufacturing PMI. Other important key data across Asia include Thailand GDP growth, Indonesia interest rate decision, and South Korea business and consumer morale.
Traders will also be looking to Canada retail sales; and Mexico GDP growth and unemployment rate.



Like up on FACEBOOK


bitcoin card

logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



Currency Traders Week Ahead  In the US, inflation figures and JOLTs job openings will be in the spotlight.

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.18.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.18.17

CURRENCY TRADERS

MAJOR CURRENCY PAIRS 8.18.17 This morning, the greenback is trading lower against most of the major currencies,

MAJOR CURRENCY PAIRS 8.18.17 This morning, the greenback is trading lower against most of the major currencies, ahead of the US flash Reuters/Michigan consumer confidence index, slated to release in a few hours.

The EUR is trading higher against the USD. Data indicated that the Eurozone’s seasonally adjusted construction output decreased for the second straight month in June, while the region’s seasonally adjusted current account surplus declined to its lowest in nearly 3 years in the same month. Separately, Germany’s producer prices increased at its slowest pace in 7 months in July. Yesterday, minutes of the European Central Bank’s (ECB) July meeting depicted that members of its governing council voiced concerns over low inflation despite recent improvements in the economic growth and fretted over risk of continuous appreciation in the Euro that could threaten recovery in the common currency region.

Yesterday, the greenback traded mixed in the New York session, against the key currencies. Macroeconomic data indicated that first time claims for unemployment benefits in the US dipped to a nearly 6-month low in the week ended 12 August, underscoring continuous improvement in the nation’s labor market. Further, the nation’s leading indicator advanced as expected in July.

In other economic news, industrial production in the US grew softer-than-expected in July. Also, manufacturing activity in the Philadelphia region slightly cooled in August. In contrast, the nation’s manufacturing production unexpectedly fell in July, as production of motor vehicle tumbled.



MAJOR CURRENCY PAIRS 8.18.17

 EURUSD FOREX EXCHANGE CLOSED DROPPED Friday August 18

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1744 against the USD, 0.13% higher from the New York close. In economic news, Germany’s producer price index rose more-than-anticipated on an annual basis in July. This morning, the pair traded at a high of 1.1774 and a low of 1.1709. The Euro traded 0.31% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1729. The pair is expected to its find support at 1.1679 and its first resistance at 1.1791.

 GBPUSD FOREX EXCHANGE CLOSED DOWN Friday August 18

GBPUSD

At 09:40 GMT, the pair is trading at 1.2895, with the Pound trading 0.19% higher against US Dollar from the New York close. Amid no economic releases in the UK today, investor sentiment would be governed by global macroeconomic news. The pair witnessed a high of 1.2917 and a low of 1.2863 during the session. Yesterday, the Pound traded 0.06% lower against the US Dollar in the New York session and ended at 1.2871. Immediate downside, the first support level is seen at 1.2860, while on the upside, the first resistance level is situated at 1.2924.

 USDJPY FOREX EXCHANGE CLOSED LOWER Friday August 18

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 109.14 against the Yen, 0.24% lower from the New York close. Going ahead, market participants will keep a close eye on Japan’s national consumer price index, due to release next week. During the session, the pair traded at a high of 109.55 and a low of 108.96. Yesterday, the US Dollar traded 0.77% lower against the Yen in the New York session and ended at 109.40. The pair is expected to its find support at 108.61 and its first resistance at 110.02.

 USDCHF FOREX EXCHANGE CLOSED LOWER Friday August 18

USDCHF

The US Dollar is trading at 0.9624 against the Swiss Franc at 09:40 GMT this morning, a tad lower from the New York close. The pair traded at a high of 0.9630 and a low of 0.9601 this morning. Yesterday, the USD traded 0.63% lower against the CHF in the New York session and ended at 0.9625. The pair is expected to its find support at 0.9584 and its first resistance at 0.9682.

 USDCAD FOREX EXCHANGE OPENED HIGHER Friday August 18

USDCAD

The pair is trading at 1.2650 at 09:40 GMT this morning, with the USD trading 0.22% lower against CAD from the New York close. Ahead in the day, the release of Canada’s consumer price index data, will be on investors’ radar. The pair traded at a high of 1.2691 and a low of 1.2634 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.32% higher at 1.2678. Data showed that Canada’s manufacturing shipments declined on a monthly basis in June. The pair is expected to its find support at 1.2614 and its first resistance at 1.2689.

 AUDUSD FOREX EXCHANGE OPENED Higher Friday August 18

AUDUSD

The pair is trading at 0.7923 at 09:40 GMT this morning, with the Australian Dollar trading 0.46% higher against US Dollar from the New York close. Earlier today, in China, Australia’s largest trading partner, the house price index advanced on an annual basis in July. This morning, the pair traded at a high of 0.7931 and a low of 0.7870. The Australian Dollar traded 0.42% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7887. The pair is expected to its find support at 0.7883 and its first resistance at 0.7949.

 GOLD FUTURE PRICES OPENED LOWER Friday August 18

Gold

Gold is trading at $1301.30 per ounce at 09:40 GMT this morning, 0.56% higher from the New York close. This morning, the precious metal traded at a high of $1303.90 per ounce and a low of $1291.70 per ounce. Yesterday, gold traded 0.3% higher in the New York session and closed at $1294.00 per ounce, as a broad decline in global equities lifted demand for the precious yellow metal. Immediate downside, the first support level is seen at $1290.50 per ounce, while on the upside, the first resistance level is at $1308.00 per ounce.

 SILVER FUTURE PRICES OPENED LOWER Friday August 18

Silver

The precious metal is trading at $17.19 per ounce at 09:40 GMT this morning, 0.85% higher from the New York close. During the session, silver traded at a high of $17.28 per ounce and a low of $16.85 per ounce. In the New York session yesterday, silver fell 0.15% and closed at $17.04 per ounce. Immediate downside, the first support level is seen at $16.93 per ounce, while on the upside, the first resistance level is at $17.36 per ounce.

 Crude Oil FUTURE PRICES OPENED LOWER Friday August 18

Oil

The commodity is trading at $47.24 per barrel at 09:40 GMT this morning, 0.6% higher from the New York close. Crude oil witnessed a high of $47.38 per barrel and a low of $46.92 per barrel during the session. In the New York session yesterday, crude oil rose 0.75% to close at $46.96 per barrel, after news emerged that oil inventories at the Cushing, Oklahoma hub sharply declined last week. Immediate downside, the first support level is seen at $46.67 per barrel, while on the upside, the first resistance level is at $47.59 per barrel.

 

Economic Snapshot

 

Eurozone construction output slid in June

The seasonally adjusted construction output in the Eurozone slid 0.50% on a MoM basis, in June. In the previous month, construction output had registered a revised drop of 0.20%.

 

Eurozone current account surplus fell in June

In June, the seasonally adjusted current account surplus in the Eurozone dropped to €21.20 billion, following a revised current account surplus of €30.50 billion in the previous month.

 

German producer price index rose more-than-expected in July

In July, the producer price index registered a rise of 2.30% on a YoY basis in Germany, higher than market expectations for an advance of 2.20%. In the prior month, the producer price index had advanced 2.40%.

 

 



Currency Traders Week Ahead  In the US, inflation figures and JOLTs job openings will be in the spotlight.

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.17.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.17.17

CURRENCY TRADERS

MAJOR CURRENCY PAIRS 8.17.17 This morning, the greenback is trading mostly higher against most of the major currencies, ahead of the US initial jobless claims,

MAJOR CURRENCY PAIRS 8.17.17 This morning, the greenback is trading mostly higher against most of the major currencies, ahead of the US initial jobless claims, leading indicators, industrial as well as manufacturing production data, slated to release in a few hours.

The EUR is trading lower against the USD. Data indicated that the Eurozone’s annual consumer inflation advanced in July, confirming the preliminary print.

The GBP is trading lower against the USD. Macroeconomic data showed that British retail sales grew more-than-expected in July, although showed slower growth compared with the June reading, suggesting fears regarding a slump in consumer spending may be overblown.

Yesterday, the greenback traded lower in the New York session, against the key currencies, after the US President, Donald Trump, terminated two high-profile advisory councils following resignation of several CEOs in response to his comments blaming weekend violence. The US Dollar declined further, after minutes of the Federal Reserve’s July meeting disclosed that policymakers were split over the timing of the next interest rate hike, as some observed that the central bank could afford to be patient on raising rates further until it was sure that the recent softness in inflation is transitory, while others cautioned that a delay could result in an overshooting in inflation, given a tightening labor market.

On the macro front, housing starts in the US surprisingly dipped in July, amid a slowdown in apartment construction, while building permits sharply eased in the same month.




 

MAJOR CURRENCY PAIRS 8.17.17

 EURUSD Forex Exchange Opened Lower Thursday August 17

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1728 against the USD, 0.39% lower from the New York close. On the economic front, the Eurozone’s seasonally adjusted trade surplus widened more-than-expected in June. This morning, the pair traded at a high of 1.1790 and a low of 1.1723. The Euro traded 0.61% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1774. The pair is expected to its find support at 1.1677 and its first resistance at 1.1785.

 GBPUSD Forex Exchange Opened Higher Thursday August 17

GBPUSD

At 09:40 GMT, the pair is trading at 1.2889, with the Pound trading marginally lower against US Dollar from the New York close. Earlier in the session, data showed that Britain’s retail sales rose above market expectations on a monthly basis in July. The pair witnessed a high of 1.2909 and a low of 1.2877 during the session. Yesterday, the Pound traded 0.21% higher against the US Dollar in the New York session and ended at 1.2890. Immediate downside, the first support level is seen at 1.2852, while on the upside, the first resistance level is situated at 1.2918.

 USDJPY Forex Exchange Opened Lower Wednesday August 16

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 110.03 against the Yen, 0.08% lower from the New York close. Overnight data indicated that Japan’s adjusted merchandise trade surplus widened more-than-anticipated in July. During the session, the pair traded at a high of 110.16 and a low of 109.67. Yesterday, the US Dollar traded 0.62% lower against the Yen in the New York session and ended at 110.12. The pair is expected to its find support at 109.48 and its first resistance at 110.76.

 USDCHF Forex Exchange Opened Lower Thursday August 17

USDCHF

The US Dollar is trading at 0.9662 against the Swiss Franc at 09:40 GMT this morning, 0.07% higher from the New York close. With no economic releases in Switzerland today, investor sentiment will be governed by global macroeconomic news. The pair traded at a high of 0.9673 and a low of 0.9624 this morning. Yesterday, the USD traded 1.04% lower against the CHF in the New York session and ended at 0.9655. The pair is expected to its find support at 0.9602 and its first resistance at 0.9744.

 USDCAD Forex Exchange Opened Lower Wednesday August 16

USDCAD

The pair is trading at 1.2638 at 09:40 GMT this morning, with the USD trading 0.13% higher against CAD from the New York close. Looking ahead, market participants will focus on Canada’s manufacturing shipments data, scheduled to release in a few hours. The pair traded at a high of 1.2640 and a low of 1.2589 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.86% lower at 1.2621. The pair is expected to its find support at 1.2571 and its first resistance at 1.2722.

 AUDUSD Forex Exchange Opened Thursday August 17

AUDUSD

The pair is trading at 0.7935 at 09:40 GMT this morning, with the Australian Dollar trading a tad higher against US Dollar from the New York close, after data revealed that Australia’s seasonally adjusted unemployment rate fell in July, meeting market expectations. This morning, the pair traded at a high of 0.7963 and a low of 0.7923. The Australian Dollar traded 1.01% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7931. The pair is expected to its find support at 0.7870 and its first resistance at 0.7982.

Gold Future Prices Opened Higher Thursday August 17

Gold

Gold is trading at $1292.00 per ounce at 09:40 GMT this morning, 0.2% higher from the New York close. This morning, the precious metal traded at a high of $1296.00 per ounce and a low of $1288.20 per ounce. Yesterday, gold traded 1.15% higher in the New York session and closed at $1289.40 per ounce, amid a broad weakness in the greenback, after the latest FOMC meeting minutes clouded possibilities of another interest rate hike this year. Immediate downside, the first support level is seen at $1278.13 per ounce, while on the upside, the first resistance level is at $1300.93 per ounce.

 Silver Future Prices Opened Higher Thursday August 17

Silver

The precious metal is trading at $17.07 per ounce at 09:40 GMT this morning, 0.26% lower from the New York close. During the session, silver traded at a high of $17.18 per ounce and a low of $17.05 per ounce. In the New York session yesterday, silver rose 2.73% and closed at $17.12 per ounce, tracking gains in gold prices. Immediate downside, the first support level is seen at $16.75 per ounce, while on the upside, the first resistance level is at $17.29 per ounce.

 Crude Oil Future Price Opened higher Thursday August 17

Oil

The commodity is trading at $46.64 per barrel at 09:40 GMT this morning, 0.36% lower from the New York close. Crude oil witnessed a high of $46.95 per barrel and a low of $46.56 per barrel during the session. In the New York session yesterday, crude oil fell 1.49% to close at $46.81 per barrel, after the EIA reported that weekly crude oil production in US surged to its highest since 2015 last week. However, losses in crude prices were capped, after the EIA showed that US crude oil inventories dropped by 8.95 million barrels to 466.50 million barrels last week. Immediate downside, the first support level is seen at $46.14 per barrel, while on the upside, the first resistance level is at $47.57 per barrel.

 

Economic Snapshot

 

UK retail sales rose more-than-expected in July

In July, on a monthly basis, retail sales climbed 0.30% in the UK, higher than market expectations for an advance of 0.20%. Retail sales had registered a revised similar rise in the previous month.

 

Japanese imports grew less-than-expected in July

On a YoY basis, imports climbed 16.30% in July, in Japan, less than market expectations for an advance of 17.10%. Imports had risen 15.50% in the prior month.

 

Australian unemployment rate fell in July

Australia’s seasonally adjusted unemployment rate fell to a level of 5.60% in July, in line with market expectations. Unemployment rate had registered a revised level of 5.70% in the preceding month.

Like up on FACEBOOK




Hashing24 : Cloud Mining

logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



Currency Traders Week Ahead  In the US, inflation figures and JOLTs job openings will be in the spotlight.

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.16.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.16.17

CURRENCY TRADERS

MAJOR CURRENCY PAIRS 8.16.17 This morning, the greenback is trading mixed against most of the major currencies, ahead of the Federal Reserve’s

MAJOR CURRENCY PAIRS 8.16.17 This morning, the greenback is trading mixed against most of the major currencies, ahead of the Federal Reserve’s July meeting minutes along with the US housing starts and building permits data, all scheduled to release in a few hours.

The EUR is trading lower against the USD. Data indicated that the Eurozone’s economy expanded as expected on a quarterly basis in the second quarter of 2017, indicating that recovery in the common currency region is on track.

The GBP is trading higher against the USD, after UK’s ILO unemployment rate unexpectedly fell in the three months to June, highlighting that the economy is adding jobs at a healthy pace despite an overall growth slowdown. Additionally, the nation’s average weekly earnings increased more-than-expected in the three months to June.

Yesterday, the greenback traded lower in the New York session, against the key currencies. Macroeconomic data released in the US showed that advance retail sales sharply grew in July, rising at its fastest pace since December 2016, thus suggesting that consumer spending, a key driver of economic growth, is likely to remain on solid ground in the third quarter.

Other economic data showed that confidence among American homebuilders unexpectedly improved in August, pushing the index to a 3-month high. Further, manufacturing activity in New York region surged to the highest level in nearly 3 years in August



MAJOR CURRENCY PAIRS 8.16.17

 EURUSD Forex Exchange Opened Lower Wednesday August 16

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1729 against the USD, 0.06% lower from the New York close. Data indicated that the Eurozone’s seasonally adjusted flash GDP advanced as expected on a quarterly basis in 2Q 2017. This morning, the pair traded at a high of 1.1758 and a low of 1.1692. The Euro traded 0.38% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1736. The pair is expected to its find support at 1.1691 and its first resistance at 1.1764.

 GBPUSD Forex Exchange Opened Lower Wednesday August 16

GBPUSD

At 09:40 GMT, the pair is trading at 1.2887, with the Pound trading 0.13% higher against US Dollar from the New York close, after data showed that UK’s ILO unemployment rate surprisingly fell in the three months to June. The pair witnessed a high of 1.2903 and a low of 1.2842 during the session. Yesterday, the Pound traded 0.15% higher against the US Dollar in the New York session and ended at 1.2870. Immediate downside, the first support level is seen at 1.2850, while on the upside, the first resistance level is situated at 1.2916.

 USDJPY Forex Exchange Opened Lower Wednesday August 16

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 110.89 against the Yen, 0.27% higher from the New York close. Going ahead, investors will focus on Japan’s adjusted merchandise trade balance data, scheduled to release overnight. During the session, the pair traded at a high of 110.95 and a low of 110.55. Yesterday, the US Dollar traded 0.22% lower against the Yen in the New York session and ended at 110.59. The pair is expected to its find support at 110.52 and its first resistance at 111.10.

 USDCHF Forex Exchange Opened Higher Wednesday August 16

USDCHF

The US Dollar is trading at 0.9728 against the Swiss Franc at 09:40 GMT this morning, a tad higher from the New York close. With no macroeconomic releases in Switzerland today, investor sentiment would be determined by global macroeconomic events. The pair traded at a high of 0.9756 and a low of 0.9721 this morning. Yesterday, the USD traded 0.25% lower against the CHF in the New York session and ended at 0.9724. The pair is expected to its find support at 0.9705 and its first resistance at 0.9754.

 USDCAD Forex Exchange Opened Higher Wednesday August 16

USDCAD

The pair is trading at 1.2733 at 09:40 GMT this morning, with the USD trading 0.16% lower against CAD from the New York close. The pair traded at a high of 1.2770 and a low of 1.2728 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.09% lower at 1.2754. On the macro front, data showed that Canada’s existing home sales eased on a monthly basis in July. The pair is expected to its find support at 1.2714 and its first resistance at 1.2765.

 AUDUSD Forex Exchange Opened Lower Wednesday August 16

AUDUSD

The pair is trading at 0.7862 at 09:40 GMT this morning, with the Australian Dollar trading 0.54% higher against US Dollar from the New York close. In economic news, Australia’s Westpac leading index rebounded in July. This morning, the pair traded at a high of 0.7865 and a low of 0.7817. The Australian Dollar traded 0.09% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7820. The pair is expected to its find support at 0.7825 and its first resistance at 0.7882.

 Gold Future Prices Opened Higher Wednesday August 16

Gold

Gold is trading at $1275.50 per ounce at 09:40 GMT this morning, 0.14% lower from the New York close. This morning, the precious metal traded at a high of $1279.50 per ounce and a low of $1274.60 per ounce. Yesterday, gold traded 0.3% higher in the New York session and closed at $1277.30 per ounce, amid a broad weakness in the greenback. Immediate downside, the first support level is seen at $1271.87 per ounce, while on the upside, the first resistance level is at $1279.97 per ounce.

 Silver Future Prices Opened Higher Wednesday August 16

Silver

The precious metal is trading at $16.66 per ounce at 09:40 GMT this morning, 0.21% higher from the New York close. During the session, silver traded at a high of $16.70 per ounce and a low of $16.61 per ounce. In the New York session yesterday, silver fell 0.33% and closed at $16.62 per ounce. Immediate downside, the first support level is seen at $16.52 per ounce, while on the upside, the first resistance level is at $16.84 per ounce.

 Crude Oil Futures Price Opened Higher Wednesday August 16

Oil

The commodity is trading at $47.89 per barrel at 09:40 GMT this morning, 0.48% higher from the New York close. Crude oil witnessed a high of $47.94 per barrel and a low of $47.63 per barrel during the session. In the New York session yesterday, crude oil rose 0.87% to close at $47.66 per barrel, after the API reported that US crude oil stockpiles dropped by 9.2 million barrels to 469.2 million barrels last week. Immediate downside, the first support level is seen at $47.29 per barrel, while on the upside, the first resistance level is at $48.21 per barrel.

 

Economic Snapshot

 

UK ILO unemployment rate recorded a surprise drop in the April-June 2017 period

In the April-June 2017 period, the ILO unemployment rate fell unexpectedly to 4.40% in the UK, compared to a level of 4.50% in the March-May 2017 period. Markets were expecting the ILO unemployment rate to record a flat reading.

 

UK average earnings including bonus advanced more-than-expected in the April-June 2017 period

In the UK, the average earnings including bonus registered a rise of 2.10% in the April-June 2017 period on a YoY basis, compared to a revised rise of 1.90% in the March-May 2017 period. Markets were anticipating the average earnings including bonus to advance 1.80%.

 

Eurozone GDP climbed as expected in 2Q 2017

In 2Q 2017, the seasonally adjusted second estimate of gross domestic product (GDP) in the Eurozone advanced 0.60% on a QoQ basis, in line with market expectations. GDP had registered a revised rise of 0.50% in the previous quarter. The preliminary figures had also recorded an advance of 0.60%.

 




Like up on FACEBOOK


Hashing24 : Cloud Mining

logo



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



Currency Traders Week Ahead  In the US, inflation figures and JOLTs job openings will be in the spotlight.

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.15.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 8.15.17

CURRENCY TRADERS

MAJOR CURRENCY PAIRS 8.15.17 This morning, the greenback is trading higher against most of the major currencies,

MAJOR CURRENCY PAIRS 8.15.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US retail sales, the NAHB housing market index and business inventories data, all scheduled to release in a few hours.

The EUR is trading lower against the USD. Data indicated that Germany’s economy expanded at a slower-than-expected pace on a quarterly basis in the second quarter of 2017. Nevertheless, on an annual basis, the Eurozone’s largest economy expanded at its fastest pace in three years in the three months to June, underpinned by robust household spending and rising investments.

The GBP is trading lower against the USD, after data indicated that annual inflation in Britain grew weaker-than-expected in July.

The AUD lost ground against the USD. According to minutes of the Reserve Bank of Australia’s (RBA) latest meeting, policymakers expressed confidence that Australian economy will likely gain momentum in the coming months. However, the central bank reiterated its warning that housing market as well as household debt warrants “careful monitoring” and that further rise in the local currency would reduce the nation’s growth rate and cool inflation.

Yesterday, the greenback traded higher in the New York session, against the key currencies, as geopolitical concerns sparked by heated war of words between the US and North Korea receded. The US Dollar gained further, after the New York Federal Reserve (Fed) President, William Dudley, rekindled interest rate hike hopes. Dudley stated that he will support another interest rate hike later this year if the economy continues to progress in line with expectations.



MAJOR CURRENCY PAIRS 8.15.17

 Euro Dollar Forex Gurus Open Lower Tuesday August 15

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1759 against the USD, 0.14% lower from the New York close, after Germany’s seasonally adjusted preliminary gross domestic product (GDP) advanced less-than-expected by 0.6% on a quarterly basis in 2Q 2017. This morning, the pair traded at a high of 1.1793 and a low of 1.1721. The Euro traded 0.17% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1776. The pair is expected to its find support at 1.1719 and its first resistance at 1.1802.

 British Pound Forex Gurus Opened lower Tuesday August 15

GBPUSD

At 09:40 GMT, the pair is trading at 1.2906, with the Pound trading 0.43% lower against US Dollar from the New York close, after UK’s consumer price index advanced less-than-anticipated on an annual basis in July. The pair witnessed a high of 1.2970 and a low of 1.2905 during the session. Yesterday, the Pound traded 0.12% lower against the US Dollar in the New York session and ended at 1.2962. Immediate downside, the first support level is seen at 1.2877, while on the upside, the first resistance level is situated at 1.2962.

 Japanese Yen Forex Gurus Opened Tuesday August 15

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 110.43 against the Yen, 0.73% higher from the New York close. Early morning data indicated that Japan’s final industrial production was revised higher on a monthly basis in June. During the session, the pair traded at a high of 110.48 and a low of 109.61. Yesterday, the US Dollar traded a tad lower against the Yen in the New York session and ended at 109.63. The pair is expected to its find support at 109.75 and its first resistance at 110.80.

 Swiss Franc Forex Gurus Opened Higher Tuesday August 15

USDCHF

The US Dollar is trading at 0.9716 against the Swiss Franc at 09:40 GMT this morning, 0.06% lower from the New York close. Earlier in the session, Switzerland’s producer and import prices remained flat on a monthly basis in July. The pair traded at a high of 0.9759 and a low of 0.9702 this morning. Yesterday, the USD traded 0.3% higher against the CHF in the New York session and ended at 0.9722. The pair is expected to its find support at 0.9670 and its first resistance at 0.9760.

 Canadian Dollar Forex Gurus Opened Tuesday August 15

USDCAD

The pair is trading at 1.2730 at 09:40 GMT this morning, with the USD trading 0.06% higher against CAD from the New York close. The pair traded at a high of 1.2753 and a low of 1.2719 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.12% higher at 1.2723. On the macro front, Canada’s Teranet/National Bank house price index climbed on a monthly basis in July. The pair is expected to its find support at 1.2690 and its first resistance at 1.2761.

 Australian Dollar Forex Gurus Opened Tuesday August 15

AUDUSD

The pair is trading at 0.7845 at 09:40 GMT this morning, with the Australian Dollar trading 0.08% lower against US Dollar from the New York close. Earlier today, minutes of the RBA August meeting highlighted that officials remained upbeat on the Australian economy. This morning, the pair traded at a high of 0.7877 and a low of 0.7825. The Australian Dollar traded 0.13% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7851. The pair is expected to its find support at 0.7821 and its first resistance at 0.7874.

 Gold Future Prices Opened Down Tuesday August 15

Gold

Gold is trading at $1279.90 per ounce at 09:40 GMT this morning, 0.54% lower from the New York close. This morning, the precious metal traded at a high of $1287.70 per ounce and a low of $1277.00 per ounce. Yesterday, gold traded marginally lower in the New York session and closed at $1286.90 per ounce, amid strength in the greenback and gains in global equities. Immediate downside, the first support level is seen at $1274.13 per ounce, while on the upside, the first resistance level is at $1288.53 per ounce.

 Silver Future Price Opened Higher Tuesday August 15

Silver

The precious metal is trading at $16.86 per ounce at 09:40 GMT this morning, 1.11% lower from the New York close. During the session, silver traded at a high of $17.07 per ounce and a low of $16.79 per ounce. In the New York session yesterday, silver rose 0.35% and closed at $17.05 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 $17.08 per ounce.

 CRUDE OIL SLUMPS 2.5% TO SETTLE AT 3-WEEK LOW

Oil

The commodity is trading at $47.70 per barrel at 09:40 GMT this morning, 0.25% higher from the New York close. Crude oil witnessed a high of $47.77 per barrel and a low of $47.35 per barrel during the session. In the New York session yesterday, crude oil fell 1.71% to close at $47.58 per barrel, pressured by concerns over falling oil demand in China, after news of a slowdown in Chinese refining activity. Immediate downside, the first support level is seen at $46.98 per barrel, while on the upside, the first resistance level is at $48.79 per barrel.

 

MAJOR CURRENCY PAIRS 8.15.17

 

Economic Snapshot

 

UK consumer price index rose less-than-anticipated in July

On a YoY basis, in the UK, the consumer price index rose 2.60% in July, less than market expectations for an advance of 2.70%. In the previous month, the consumer price index had registered a similar rise.

 

UK house price index advanced more-than-expected in June

The house price index in the UK registered a rise of 4.90% in June on a YoY basis, higher than market expectations for an advance of 4.30%. The house price index had advanced 4.70% in the previous month.

 

German GDP climbed less-than-expected in 2Q 2017

The seasonally adjusted preliminary gross domestic product (GDP) in Germany climbed 0.60% on a QoQ basis in 2Q 2017, less than market expectations for a rise of 0.70%. GDP had registered a similar rise in the prior quarter.

 

Swiss producer and import price index remained flat in July

In July, the producer and import price index remained flat on a MoM basis in Switzerland, at par with market expectations. The producer and import price index had fallen 0.10% in the prior month.

 

Japanese industrial production rose in June

In Japan, the final industrial production advanced 2.20% on a MoM basis, in June. Industrial production had registered a drop of 3.60% in the prior month. The preliminary figures had indicated a rise of 1.60%.