TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.11.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.11.17

A DAILY SOCIAL TRADING EVENT

 MAJOR CURRENCY PAIR 7.11.17 This morning, the greenback is trading higher against most of the major currencies, ahead of US JOLTs job openings a

FOREX INVESTORS BUZZ  MAJOR CURRENCY PAIR 7.11.17 This morning, the greenback is trading higher against most of the major currencies, ahead of US JOLTs job openings and wholesale inventories data, both slated to release in a few hours. Meanwhile, the US NFIB small business optimism index declined more-than-expected in June.

The EUR is trading a tad lower against the USD. In economic news, data indicated that Italy’s seasonally adjusted industrial production grew at its fastest pace in 3 months on a monthly basis in May.

The GBP is trading higher against the USD. Going forward, investors will closely monitor Britain’s ILO unemployment rate data, slated to release tomorrow.

The AUD gained ground against the USD, after the NAB report showed that Australia’s business conditions improved to its highest level in nearly 10 years in June, indicating that businesses were much more confident about the nation’s growth prospects. Additionally, the nation’s business confidence increased in June. Meanwhile, the nation’s seasonally adjusted home loan approvals rebounded less-than-expected in May.

Yesterday, the greenback traded lower in the New York session, against the key currencies. Macroeconomic data revealed that the US labor market conditions index declined more-than-expected in June. On the contrary, the nation’s consumer credit surged to a 6-month high in May.

FOREX INVESTORS BUZZ



MAJOR CURRENCY PAIR 7.11.17

 EURUSD Opened Lower on Tuesday July 11

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1394 against the USD, a tad lower from the New York close. In economic news, Italy’s industrial production rose more-than-expected on a monthly basis in May. This morning, the pair traded at a high of 1.1400 and a low of 1.1383. The Euro traded marginally higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1397. The pair is expected to its find support at 1.1381 and its first resistance at 1.1407.

As the single currency has retreated after faltering below resistance at 1.1446, suggesting consolidation below this level would be seen and pullback to 1.1355-60 cannot be ruled out, however, reckon support at 1.1312 would limit downside and bring another rise later, above said last week’s high at 1.1446 would confirm recent upmove has resumed for headway to 1.1475-80 but price should falter below 1.1500.

In view of this, we are looking to buy euro on dips but one should exit on subsequent rally. Below said support at 1.1312 would abort and signal top has been formed at 1.1446, bring retracement of recent rise to 1.1292 (previous support as well as 50% Fibonacci retracement of 1.1139-1.1446), then towards 1.1270.

 GBPUSD Opened Lower on Tuesday July 11

GBPUSD

At 09:40 GMT, the pair is trading at 1.2919, with the Pound trading 0.3% higher against US Dollar from the New York close. Overnight data revealed that Britain’s BRC retail sales across all sectors rebounded more-than-expected on an annual basis in June. The pair witnessed a high of 1.2927 and a low of 1.2870 during the session. Yesterday, the Pound traded slightly higher against the US Dollar in the New York session and ended at 1.2880. Immediate downside, the first support level is seen at 1.2874, while on the upside, the first resistance level is situated at 1.2946.

The British pound has slipped again after meeting renewed selling interest at 1.2984 and broke below previous support at 1.2893, suggesting top has been formed at 1.3030, hence consolidation with downside bias remains for retracement of recent upmove and weakness to 1.2850, then 1.2830-35 (50% Fibonacci retracement of 1.2640-1.3030) but reckon 1.2789-94 (61.8% Fibonacci retracement and previous support) would hold from here.

In view of this, would not chase this fall here and would be prudent to stand aside for now. Above 1.2920-25 would brig recovery to 1.2950 but only break of 1.2984 would signal the pullback from 1.3030 has ended, bring subsequent retest of this level possibly next week.

 USDJPY Opened Higher on Tuesday July 11

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 114.31 against the Yen, 0.22% higher from the New York close. Earlier today, data indicated that Japan’s flash machine tool orders advanced in June. During the session, the pair traded at a high of 114.48 and a low of 114.04. Yesterday, the US Dollar traded 0.08% lower against the Yen in the New York session and ended at 114.06. The pair is expected to its find support at 114.04 and its first resistance at 114.53.

Although the greenback has risen again and broke above resistance at 113.69 and initial upside risk remains for recent upmove to extend gain to 114.00, loss of momentum should prevent sharp move beyond 114.25-30 and reckon 114.50-55 would hold from here, risk from there has increased for a retreat to take place later.

In view of this, would not chase this rise here and would be prudent to stand aside in the meantime. Below the Kijun-Sen (now at 113.49) would bring pullback to 113.10-15 but only break of support at 112.74-88 would signal top is formed, bring correction of recent rise to 112.60, then 112.40.

 USDCHF Opened higher on Tuesday July 11

USDCHF

The US Dollar is trading at 0.9685 against the Swiss Franc at 09:40 GMT this morning, 0.27% higher from the New York close. Amid no major economic releases in Switzerland today, investor sentiment will be governed by global macroeconomic events. The pair traded at a high of 0.9688 and a low of 0.9658 this morning. Yesterday, the USD traded 0.11% lower against the CHF in the New York session and ended at 0.9659. The pair is expected to its find support at 0.9661 and its first resistance at 0.9699.

Although the greenback has rebounded in NY morning, reckon upside would be limited to 0.9675-80 and risk of another retreat cannot be ruled out, below support at 0.9598 would bring weakness to 0.9560-65, however, reckon last week’s low at 0.9552 would limit downside and bring another rebound later to resistance at 0.9688, break there would signal low has been formed at 0.9552, bring retracement of early decline to 0.9700 and later towards resistance area at 0.9738-43.

In view of this, we are inclined to buy dollar on subsequent fall. Below said support at 0.9552 would signal recent decline has resumed instead, then weakness to 0.9520-25 would follow but reckon 0.9500 would hold on first testing.

 USDCAD Opened Higher on Tuesday July 11

USDCAD

The pair is trading at 1.2915 at 09:40 GMT this morning, with the USD trading 0.19% higher against CAD from the New York close. Going ahead, traders will look forward to Canada’s housing starts data, scheduled to release in a few hours. The pair traded at a high of 1.2916 and a low of 1.2885 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.14% lower at 1.2890. The pair is expected to its find support at 1.2880 and its first resistance at 1.2942.

As the greenback has fallen again after brief recovery, suggesting recent selloff from 1.3794 top (wave c of larger degree wave b top) is still in progress and bearishness remains for further decline to 1.2870, then 1.2850, however, loss of downward momentum should prevent sharp fall below 1.2800, risk from there has increased for a rebound to take place later.

In view of this, would not chase this fall here and would be prudent to sell the pair again on recovery as 1.3010-15 should limit upside. Above 1.3070-75 would defer and suggest low is formed, bring a stronger rebound to 1.3115-20 and possibly towards previous support at 1.3165 (now resistance) but only break there would signal a temporary low is formed instead, then test of another previous support at 1.3212.

 AUDUSD Opened higher on Tuesday July 11

AUDUSD

The pair is trading at 0.7613 at 09:40 GMT this morning, with the Australian Dollar trading 0.08% higher against US Dollar from the New York close, after Australia’s NAB business conditions and confidence index advanced in June. This morning, the pair traded at a high of 0.7627 and a low of 0.7603. The Australian Dollar traded 0.18% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7607. The pair is expected to its find support at 0.7592 and its first resistance at 0.7630.

Although aussie found support at 0.7571 and recovered, if our view that top has been formed at 0.7712 is correct, upside should be limited to 0.7650-60 and bring another retreat later, below said support at 0.7571 would add credence to this view, bring retracement of recent rise to 0.7535 support, break there would extend further fall towards 0.7500 which is likely to hold from here..

In view of this, we are looking to sell aussie on recovery as 0.7650 should limit upside. Above 0.7683 resistance would abort and suggest the retreat from 0.7712 has ended instead, bring retest of this level first, then towards 0.7750.

 Gold Prices Opened Down on Tuesday July 11

Gold

Gold is trading at $1210.40 per ounce at 09:40 GMT this morning, 0.24% lower from the New York close. This morning, the precious metal traded at a high of $1215.60 per ounce and a low of $1208.70 per ounce. Yesterday, gold traded 0.32% higher in the New York session and closed at $1213.30 per ounce, amid a broad weakness in the greenback. Immediate downside, the first support level is seen at $1206.07 per ounce, while on the upside, the first resistance level is at $1215.17 per ounce.

Gold is currently trading around $1,210 per troy ounce. During Monday’s session it fell to $1,204.45, the lowest level since March 15. Several factors are weighing on the price, including the rising interest rate environment where the U.S. Federal Reserve’s hawkishness has pushed up the dollar, which consequently puts pressure on the dollar-denominated metal.

However, inflation in the U.S. may prove beneficial for gold, according to Nitesh Shah, commodities strategist at ETF Securities. Gold is traditionally seen as a hedge against inflation.

 Silver Price opened Lower on Tuesday July 11

Silver

The Silver Price opened Lower on Tuesday July 11precious metal is trading at $15.48 per ounce at 09:40 GMT this morning, 0.93% lower from the New York close. During the session, silver traded at a high of $15.68 per ounce and a low of $15.43 per ounce. In the New York session yesterday, silver rose 2.16% and closed at $15.62 per ounce, tracking gains in gold prices. Immediate downside, the first support level is seen at $15.22 per ounce, while on the upside, the first resistance level is at $15.72 per ounce.

Silver markets had a volatile session on Monday as we initially fell, but found enough support near the $15.20 level to find the market bouncing towards the $15.60 level. Ultimately, I believe that the market continues to go higher, looking for the $16 level. Either way, I don’t have any interest in buying this market, as the US dollar has been strengthening overall, and there are a certain number of influential factors working against precious metals overall. I believe that the $16 level will be a massive resistance barrier that the market will not be a will to break. I still believe that we are reaching towards the $15 level longer term which is a much more significant level on the longer-term charts.

 Crude oil Prices Opened higher on Tuesday July 11

Oil

The commodity is trading at $44.29 per barrel at 09:40 GMT this morning, 0.4% lower from the New York close. Crude oil witnessed a high of $44.91 per barrel and a low of $44.09 per barrel during the session. In the New York session yesterday, crude oil rose 1.21% to close at $44.47 per barrel, amid news that Libya and Nigeria have been invited to join OPEC’s meeting later this month to discuss capping their surging crude output. Immediate downside, the first support level is seen at $43.66 per barrel, while on the upside, the first resistance level is at $44.92 per barrel

Overnight, crude futures settled higher on Monday, but sentiment on oil remained negative as fears grew that rising output from the United States, Nigeria and Libya would continue to weigh on Opec and its allies’ efforts to rein in supply.

Oil prices shrugged off negative sentiment to settle higher, despite a recent string of comments from analysts warning that growing non-Opec supply would continue to limit Opec and its allies’ pact to curb production.

“The simple truth is that OPEC and Russia have to contend with the fact is that there is output growth elsewhere diluting their efforts at reducing supply,” the bank said in a note.

Economic Snapshot

FOREX INVESTORS BUZZ

 

 

Italian industrial production rose more-than-expected in May

The seasonally adjusted industrial production in Italy climbed 0.70% in May on a monthly basis, higher than market expectations for a rise of 0.50%. In the previous month, industrial production had registered a revised drop of 0.50%.

 

Japanese machine tool orders climbed in June

The flash machine tool orders in Japan recorded a rise of 31.10% on a YoY basis, in June. Machine tool orders had climbed 24.50% in the previous month.

 

Australian business conditions index recorded a rise in June

In June, the business conditions index recorded a rise to 15.00 in Australia, compared to a revised reading of 11.00 in the previous month.

 SiteMap

 



TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 7.10.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 7.10.17

A DAILY SOCIAL TRADING EVENT

MAJOR CURRENCY PAIR 7.10.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US labor market

FOREX INVESTOS  MAJOR CURRENCY PAIR 7.10.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US labor market conditions index, slated to release in a few hours.

The EUR is trading lower against the USD. Earlier today, data indicated that Eurozone’s investor confidence slightly eased in July. Separately, Germany’s trade surplus expanded in May, as growth in exports outpaced that of imports.

The JPY lost ground against the USD. On the economic front, Japan’s Eco-Watchers survey for current situation strengthened to a 6-month high in June, while the survey for future outlook exceeded market expectations in the same month.

The CAD is trading lower against the USD. On Friday, data revealed that Canada’s unemployment rate surprisingly dropped in June, while the net number of people employed accelerated in the same month, thus strengthened the case of an interest rate hike later this week.

On Friday, the greenback traded mostly lower in the New York session, against the key currencies. On the data front, non-farm payrolls in the US surged to a 4-month high in June, an indication that the nation’s labor market continues to add jobs at a healthy clip that would keep the Federal Reserve (Fed) on course for a third interest rate increase this year. However, the nation’s average hourly earnings of all employees grew less-than-expected on a monthly basis in June, suggesting that wage growth remains sluggish despite tightening labor market. Also, the nation’s unemployment rate surprisingly rose in June.



 MAJOR CURRENCY PAIR 7.10.17

 EURUSD Higher First Look on Monday July 10

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1390 against the USD, 0.09% lower from the New York close. Earlier in the session, data indicated that the Eurozone’s Sentix investor confidence index fell less-than-expected in July. This morning, the pair traded at a high of 1.1418 and a low of 1.1386. The Euro traded slightly lower against the US Dollar in the New York session on Friday, with the pair closing the session at 1.1400. The pair is expected to its find support at 1.1367 and its first resistance at 1.1427.

 GBPUSD Up First Look on Monday July 10

GBPUSD

At 09:40 GMT, the pair is trading at 1.2867, with the Pound trading 0.11% lower against US Dollar from the New York close. The pair witnessed a high of 1.2908 and a low of 1.2858 during the session. On Friday, the Pound traded marginally higher against the US Dollar in the New York session and ended at 1.2881. On the data front, NIESR estimated that UK’s gross domestic product (GDP) climbed 0.3% in the three months to June 2017. Immediate downside, the first support level is seen at 1.2843, while on the upside, the first resistance level is situated at 1.2906.

 USDJPY Up First Look on Monday July 10

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 114.21 against the Yen, 0.26% higher from the New York close. Overnight data indicated that Japan posted a higher-than-expected trade deficit (BOP basis) in May. During the session, the pair traded at a high of 114.30 and a low of 113.90. On Friday, the US Dollar traded marginally lower against the Yen in the New York session and ended at 113.91. The pair is expected to its find support at 113.71 and its first resistance at 114.51.

 USDCHF Higher First Look on Monday July 10

USDCHF

The US Dollar is trading at 0.9655 against the Swiss Franc at 09:40 GMT this morning, 0.16% higher from the New York close. With no major economic releases in Switzerland today, investor sentiment will be governed by global macroeconomic events. The pair traded at a high of 0.9660 and a low of 0.9630 this morning. On Friday, the USD traded 0.06% higher against the CHF in the New York session and ended at 0.9640. The pair is expected to its find support at 0.9621 and its first resistance at 0.9674.

 USDCAD Higher First Look on Monday July 10

USDCAD

The pair is trading at 1.2916 at 09:40 GMT this morning, with the USD trading 0.3% higher against CAD from the New York close. The pair traded at a high of 1.2917 and a low of 1.2875 this morning. The US Dollar declined against the Canadian Dollar in the New York session on Friday, closing 0.19% lower at 1.2878. The Canadian Dollar gained ground, after Canada’s unemployment rate unexpectedly dropped to 6.5% in June. The pair is expected to its find support at 1.2855 and its first resistance at 1.2983.

 AUDUSD Higher First Look on Monday July 10

AUDUSD

The pair is trading at 0.7590 at 09:40 GMT this morning, with the Australian Dollar trading 0.14% lower against US Dollar from the New York close. Data indicated that in China, Australia’s largest trading partner, the consumer price index (CPI) advanced as expected on an annual basis in June, while the producer price index (PPI) rose on an annual basis in the same month, meeting market expectations. This morning, the pair traded at a high of 0.7615 and a low of 0.7587. The Australian Dollar traded a tad higher against the US Dollar in the New York session on Friday, with the pair closing the session at 0.7601. The pair is expected to its find support at 0.7577 and its first resistance at 0.7613.

 Gold Prices Lower First Look on Monday July 10

Gold

Gold is trading at $1206.50 per ounce at 09:40 GMT this morning, 0.45% lower from the New York close. This morning, the precious metal traded at a high of $1213.00 per ounce and a low of $1204.00 per ounce. On Friday, gold traded 0.7% lower in the New York session and closed at $1211.90 per ounce, as robust non-farm payrolls data in the US boosted expectations of one more Fed interest rate hike in this year. Immediate downside, the first support level is seen at $1197.63 per ounce, while on the upside, the first resistance level is at $1221.73 per ounce.

SIlver Prices Lower First Look on Monday July 10 

Silver

The precious metal is trading at $15.23 per ounce at 09:40 GMT this morning, 2.15% lower from the New York close. During the session, silver traded at a high of $15.60 per ounce and a low of $15.15 per ounce. In the New York session on Friday, silver fell 1.67% and closed at $15.56 per ounce. Immediate downside, the first support level is seen at $14.92 per ounce, while on the upside, the first resistance level is at $15.76 per ounce.

 Crude oil Prices Higher First Look on Monday July 10

Oil

The commodity is trading at $43.77 per barrel at 09:40 GMT this morning, 1.26% lower from the New York close. Crude oil witnessed a high of $44.67 per barrel and a low of $43.71 per barrel during the session. In the New York session on Friday, crude oil fell 0.83% to close at $44.33 per barrel, after Baker Hughes disclosed that active oil rigs in the US rose by 7 to 763 last week. Immediate downside, the first support level is seen at $43.36 per barrel, while on the upside, the first resistance level is at $44.53 per barrel.

 



Economic Snapshot

  

Eurozone investor confidence index eased in July

The investor confidence index eased to 28.30 in the Eurozone, in July, compared to market expectations of a drop to 28.10. The investor confidence index had registered a reading of 28.40 in the prior month.

 

German exports rose more-than-expected in May

On a monthly basis, in Germany, the seasonally adjusted exports registered a rise of 1.40% in May, compared to an advance of 0.90% in the prior month. Market expectation was for exports to advance 0.30%.

 

 

German trade surplus widened in May

In May, the seasonally adjusted trade surplus in Germany widened to €22.00 billion, from a trade surplus of €18.10 billion in the prior month. Markets were expecting the country’s trade surplus to expand to €18.70 billion.

 

Chinese producer price index climbed as expected in June

On an annual basis, in June, the producer price index recorded a rise of 5.50% in China, in line with market expectations. The producer price index had registered a similar rise in the previous month.

 

Chinese consumer price index rose less-than-expected in June

In China, the consumer price index recorded a rise of 1.50% on a YoY basis in June, lower than market expectations for an advance of 1.60%. In the previous month, the consumer price index had registered a similar rise.



TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 7.7.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 7.7.17

A DAILY SOCIAL TRADING EVENT

 MAJOR CURRENCY PAIR 7.7.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the crucial

FOREX INVESTORS   MAJOR CURRENCY PAIR 7.7.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the crucial US non-farm payrolls and unemployment data, due to release in a few hours.

The EUR is trading a tad lower against the USD. Data indicated that Germany’s industrial production grew at its fastest pace in 4 months in May. Yesterday, minutes of the European Central Bank (ECB) latest meeting indicated that officials discussed whether to end the central bank’s extraordinary monetary stimulus, but stubbornly low inflation encouraged them to stick to the central bank’s stimulus measures.

The GBP is trading lower against the USD, after a disappointing set of economic data in the UK intensified fears that the negative effects of political turmoil along with Brexit uncertainties are dragging the nation’s economic growth. Data showed that UK’s manufacturing and industrial production as well as construction output unexpectedly dropped in May. Also, the nation’s total trade deficit sharply widened in May.

Yesterday, the greenback traded lower in the New York session, against the key currencies, weighed by soft US labor market data that highlighted a slowdown in the nation’s job growth. Data revealed that ADP’s private sector added fewer-than-expected jobs in June, while the number of Americans filing for fresh jobless claims unexpectedly rose last week, advancing for the third straight week. Moreover, the nation’s trade deficit slightly narrowed in May.

In contrast, the US ISM non-manufacturing PMI surprisingly advanced in June, while the final Markit services PMI was unexpectedly revised higher in the same month, notching its highest level since January 2017.





 

MAJOR CURRENCY PAIR 7.7.17

 EURUSD Closed Up for Euro Dollar on Thursday July 6

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1420 against the USD, slightly lower from the New York close. On the economic front, Germany’s seasonally adjusted industrial production advanced more-than-expected in May. This morning, the pair traded at a high of 1.1428 and a low of 1.1407. The Euro traded 0.28% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1423, after minutes of the ECB revealed that policymakers discussed scaling back its substantial monetary policy stimulus. The pair is expected to its find support at 1.1376 and its first resistance at 1.1446.

 GBPUSD Early Look for British Pound on Friday July 7

GBPUSD

At 09:40 GMT, the pair is trading at 1.2918, with the Pound trading 0.4% lower against US Dollar from the New York close, after data showed that UK’s industrial as well as manufacturing production surprisingly fell on a monthly basis in May. The pair witnessed a high of 1.2975 and a low of 1.2913 during the session. Yesterday, the Pound traded 0.15% higher against the US Dollar in the New York session and ended at 1.2970. Immediate downside, the first support level is seen at 1.2893, while on the upside, the first resistance level is situated at 1.2964.

 USDJPY Early Look For Japanese Yen on Friday July 7

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 113.65 against the Yen, 0.41% higher from the New York close. Earlier today, data revealed that Japan’s flash leading economic index advanced more-than-anticipated in June, while the preliminary coincident index fell as expected in the same month. During the session, the pair traded at a high of 113.85 and a low of 113.11.

Yesterday, the US Dollar traded slightly lower against the Yen in the New York session and ended at 113.19. The pair is expected to its find support at 113.17 and its first resistance at 113.99.

 USDCHF Early Look for Swiss Franc on Friday July 7

USDCHF

The US Dollar is trading at 0.9616 against the Swiss Franc at 09:40 GMT this morning, 0.14% higher from the New York close. Macroeconomic data indicated that Switzerland’s seasonally adjusted unemployment rate remained steady at 3.2% in June. The pair traded at a high of 0.9628 and a low of 0.9602 this morning. Yesterday, the USD traded 0.34% lower against the CHF in the New York session and ended at 0.9603. The pair is expected to its find support at 0.9592 and its first resistance at 0.9649.

 USDCAD Early Look for Canadian Dollar on Friday July 7.

USDCAD

The pair is trading at 1.2980 at 09:40 GMT this morning, with the USD trading a tad higher against CAD from the New York close. The pair traded at a high of 1.2994 and a low of 1.2975 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.39% higher at 1.2976. Data revealed that Canada’s building permits jumped more-than-anticipated on a monthly basis in May. The pair is expected to its find support at 1.2937 and its first resistance at 1.3008.

 Australia S&P/ASX 200 Down Early Look on Friday July 7

AUDUSD

The pair is trading at 0.7599 at 09:40 GMT this morning, with the Australian Dollar trading 0.18% higher against US Dollar from the New York close. Earlier today, data showed that Australia’s AiG performance of construction index declined in June. This morning, the pair traded at a high of 0.7601 and a low of 0.7572. The Australian Dollar traded marginally lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7585. The pair is expected to its find support at 0.7579 and its first resistance at 0.7613.

 Gold Prices Lower Early Look on Friday July 7

Gold

Gold is trading at $1220.80 per ounce at 09:40 GMT this morning, 0.3% lower from the New York close. This morning, the precious metal traded at a high of $1225.30 per ounce and a low of $1218.50 per ounce. Yesterday, gold traded a tad lower in the New York session and closed at $1224.50 per ounce. Immediate downside, the first support level is seen at $1217.23 per ounce, while on the upside, the first resistance level is at $1225.63 per ounce.

 SILVER Prices Lower Early Look on Friday July 7

Silver

The precious metal is trading at $15.83 per ounce at 09:40 GMT this morning, 1.12% lower from the New York close. During the session, silver traded at a high of $16.14 per ounce and a low of $14.34 per ounce. In the New York session yesterday, silver rose 0.25% and closed at $16.01 per ounce. Immediate downside, the first support level is seen at $14.73 per ounce, while on the upside, the first resistance level is at $16.53 per ounce.

 Crude oil Prices Down Early Look on Friday July 7

Oil

The commodity is trading at $44.39 per barrel at 09:40 GMT this morning, 2.22% lower from the New York close. Crude oil witnessed a high of $45.42 per barrel and a low of $44.20 per barrel during the session. In the New York session yesterday, crude oil fell 0.98% to close at $45.40 per barrel, despite the EIA indicating that US crude oil inventories sharply fell by 6.3 million barrels to 502.9 million barrels last week, hitting its lowest level since January 2016. Immediate downside, the first support level is seen at $43.55 per barrel, while on the upside, the first resistance level is at $45.88 per barrel.

 

Economic Snapshot

 

UK manufacturing production surprisingly dropped in May

Manufacturing production unexpectedly eased 0.20% in the UK on a MoM basis in May, compared to an advance of 0.20% in the prior month.

 

 

UK construction output unexpectedly declined in May

On a monthly basis, construction output in the UK unexpectedly dropped 1.20% in May. Construction output had dropped by a revised 1.10% in the previous month.

 

 

German industrial production advanced more-than-expected in May

In Germany, the seasonally adjusted industrial production rose 1.20% on a MoM basis in May, compared to a revised rise of 0.70% in the previous month. Markets were anticipating industrial production to rise 0.20%.

 

Swiss unemployment rate remained unchanged in June

The seasonally adjusted unemployment rate remained unchanged at 3.20% in June, in Switzerland. Markets were anticipating unemployment rate to remain unchanged.

 




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.

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

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.

 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.




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 7.5.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 7.5.17

A DAILY SOCIAL TRADING EVENT

 MAJOR CURRENCY PAIR 7.5.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US Federal Reserve’s <span data-recalc-dims=(Fed) latest meeting minutes, scheduled later today" width="300" height="180" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2016/12/forex-Buzword-.jpg?resize=300%2C180 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2016/12/forex-Buzword-.jpg?resize=768%2C461 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2016/12/forex-Buzword-.jpg?w=1000 1000w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS  MAJOR CURRENCY PAIR 7.5.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US Federal Reserve’s (Fed) latest meeting minutes, scheduled later today, which may provide additional cues on timing of the next interest rate hike and details of Fed’s plans to trim its balance sheet. Moreover, the US factory orders and final durable goods orders data will be eyed by traders.

The EUR is trading lower against the USD. Data showed that the Eurozone’s retail sales grew more-than-expected in May. On the other hand, manufacturing sector activity across the common currency region cooled less than initially estimated in June, but remained at a 5-month low level.

The GBP is trading lower against the USD, after data showed that UK’s services sector sharply slowed in June, touching its lowest level in 4 months, dragged down by heightened political uncertainty following the general election and commencement of Brexit negotiations.

The AUD lost ground against the USD. Earlier today, in China, Australia’s largest trading partner, the Caixin/Markit services PMI eased in June.

Yesterday, the greenback traded lower in the New York session, against the key currencies. On Monday, data showed that the US ISM manufacturing activity index accelerated at its fastest pace in 3 years in June, suggesting that the sector will remain one of the bright spots in the world’s largest economy. Meanwhile, the nation’s construction spending remained flat in May. On the contrary, the nation’s final Markit manufacturing PMI fell more than initially estimated in June.




MAJOR CURRENCY PAIR 7.5.17

 EURUSD Fell First View for Euro Dollar to 1.1359 on Wednesday July 5

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1326 against the USD, 0.19% lower from the New York close. Earlier today, data indicated that the final Markit services PMI across the Eurozone surprisingly advanced in June. This morning, the pair traded at a high of 1.1369 and a low of 1.1318. The Euro traded marginally higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1347. The pair is expected to its find support at 1.1306 and its first resistance at 1.1357.

 GBPUSD Rose First View for British Pound to 1.2937 on Wednesday July 5 f

GBPUSD

At 09:40 GMT, the pair is trading at 1.2913, with the Pound trading 0.07% lower against US Dollar from the New York close, after UK’s Markit services PMI eased more-than-expected in June. The pair witnessed a high of 1.2948 and a low of 1.2894 during the session. Yesterday, the Pound traded 0.06% lower against the US Dollar in the New York session and ended at 1.2922. Immediate downside, the first support level is seen at 1.2889, while on the upside, the first resistance level is situated at 1.2943.

 USDJPY Fell First View for Japanese Yen to 112.9900 on Wednesday July 5

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 113.60 against the Yen, 0.24% higher from the New York close. Data released overnight showed that Japan’s Nikkei services PMI climbed in June. During the session, the pair traded at a high of 113.62 and a low of 112.83. Yesterday, the US Dollar traded 0.11% higher against the Yen in the New York session and ended at 113.33. The pair is expected to its find support at 113.08 and its first resistance at 113.87.

 USDCHF Rose First View for Swiss Franc to 0.9640 on Wednesday July 5

USDCHF

The US Dollar is trading at 0.9673 against the Swiss Franc at 09:40 GMT this morning, 0.23% higher from the New York close. Moving ahead, investors will look forward to Switzerland’s consumer price index data, slated to release tomorrow. The pair traded at a high of 0.9676 and a low of 0.9635 this morning. Yesterday, the USD traded slightly lower against the CHF in the New York session and ended at 0.9651. The pair is expected to its find support at 0.9647 and its first resistance at 0.9688.

 USDCAD Fell First View for Canadian Dollar to 1.2933 on Wednesday July 5

USDCAD

The pair is trading at 1.2953 at 09:40 GMT this morning, with the USD trading 0.13% higher against CAD from the New York close. The pair traded at a high of 1.2974 and a low of 1.2929 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.32% lower at 1.2936. On the data front, Canada’s Markit manufacturing PMI fell in June. The pair is expected to its find support at 1.2906 and its first resistance at 1.3007.

 AUDUSD Fell First View for Australian Dollar to 0.7611 on Wednesday July 5

AUDUSD

The pair is trading at 0.7596 at 09:40 GMT this morning, with the Australian Dollar trading 0.13% lower against US Dollar from the New York close. Overnight data indicated that Australia’s AiG performance of services index climbed in June. This morning, the pair traded at a high of 0.7632 and a low of 0.7595. The Australian Dollar traded 0.08% 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 0.7583 and its first resistance at 0.7621.

 Gold Price Rose First View to 1,224.72 on Wednesday July 5

Gold

Gold is trading at $1220.90 per ounce at 09:40 GMT this morning, 0.24% lower from the New York close. This morning, the precious metal traded at a high of $1228.40 per ounce and a low of $1220.30 per ounce. Yesterday, gold traded a tad lower in the New York session and closed at $1223.80 per ounce, reversing its previous session gains. Immediate downside, the first support level is seen at $1218.00 per ounce, while on the upside, the first resistance level is at $1226.10 per ounce.

 Silver Price rose First View to 16.12 on Wednesday July 5

Silver

The precious metal is trading at $15.94 per ounce at 09:40 GMT this morning, 0.81% lower from the New York close. During the session, silver traded at a high of $16.19 per ounce and a low of $15.90 per ounce. In the New York session yesterday, silver fell 0.06% and closed at $16.07 per ounce. Immediate downside, the first support level is seen at $15.83 per ounce, while on the upside, the first resistance level is at $16.12 per ounce.

 Crude oil Price fell First View to 47.10 on Wednesday July 5

Oil

The commodity is trading at $46.46 per barrel at 09:40 GMT this morning, 1.38% lower from the New York close, ahead of the API’s weekly crude oil stockpiles data, scheduled to be released later today. Crude oil witnessed a high of $47.24 per barrel and a low of $46.26 per barrel during the session. In the New York session yesterday, crude oil rose 0.32% to close at $47.11 per barrel, extending its prior session gains. Immediate downside, the first support level is seen at $46.04 per barrel, while on the upside, the first resistance level is at $47.10 per barrel.

 

Economic Snapshot

 

UK services PMI recorded a decline in June

The services PMI in the UK recorded a drop to 53.40 in June, compared to a reading of 53.80 in the previous month. Markets were expecting the services PMI to drop to a level of 53.50.

 

 

 

Eurozone retail sales rose more-than-expected in May

In May, the seasonally adjusted retail sales climbed 0.40% on a monthly basis in the Eurozone, compared to market consensus for a gain of 0.30%. In the previous month, retail sales had registered a rise of 0.10%.

 

 German services PMI slid in June

In Germany, the final services PMI registered a drop to 54.00 in June, compared to a level of 55.40 in the previous month. The preliminary figures had recorded a fall to 53.70. Markets were expecting services PMI to fall to a level of 53.70.

 

Japanese services PMI advanced in June

Japan’s Nikkei services PMI rose to a level of 53.3 in June, compared to a level of 53.0 in the previous month.

 

 




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 7.3.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 7.3.17

A DAILY SOCIAL TRADING EVENT

MAJOR CURRENCY PAIR 7.3.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US ISM

BUZ INVESTORS  MAJOR CURRENCY PAIR 7.3.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the US ISM and the final Markit manufacturing PMIs along with the nation’s construction spending data, all slated to release in a few hours.

The EUR is trading lower against the USD. On the economic front, the Eurozone’s unemployment rate remained at an 8-year low level in June. Additionally, activity in the region’s manufacturing sector was revised higher in June, confirming the fastest growth rate for over 6 years. Also, growth in Germany’s manufacturing sector was revised higher in June, hitting its highest level in 74 months.

The GBP is trading lower against the USD, after Britain’s manufacturing sector recorded an unexpected drop in June, hitting its lowest in 3 months, thus suggesting that elevated political uncertainty in the nation is acting as a drag on the manufacturing sector.

The AUD lost ground against the USD. Earlier today, in China, Australia’s largest trading partner, Caixin/Markit manufacturing PMI jumped to a 3-month high level in June, crawling out of the contraction territory.

On Friday, the greenback traded lower in the New York session, against the key currencies. Macroeconomic data revealed that personal spending in the US modestly grew in May, while personal income advanced beyond expectations in the same month. Meanwhile, the nation’s final Reuters/Michigan consumer sentiment index deteriorated to a 7-month low level in June, despite an upward revision. Further, manufacturing activity in the Chicago region surprisingly accelerated at its fastest pace in more than 3 years in June.




MAJOR CURRENCY PAIR 7.3.17

 EURUSD First Look for Euro Dollar to 1.1407 on Monday July 3

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1377 against the USD, 0.39% lower from the New York close. Data showed that the Eurozone’s final Markit manufacturing PMI was revised higher in June. This morning, the pair traded at a high of 1.1427 and a low of 1.1375. The Euro traded 0.08% higher against the US Dollar in the New York session on Friday, with the pair closing the session at 1.1422. The pair is expected to its find support at 1.1359 and its first resistance at 1.1412.

 GBPUSD first Look for British Pound to 1.3004 on Monday July 3

GBPUSD

At 09:40 GMT, the pair is trading at 1.2966, with the Pound trading 0.47% lower against US Dollar from the New York close, after UK’s Markit manufacturing PMI unexpectedly declined in June. The pair witnessed a high of 1.3029 and a low of 1.2962 during the session. On Friday, the Pound traded 0.44% higher against the US Dollar in the New York session and ended at 1.3027. Immediate downside, the first support level is seen at 1.2932, while on the upside, the first resistance level is situated at 1.3015.

 USDJPY FIrst Look for Japanese Yen to 112.4100 on Monday July 3

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 112.85 against the Yen, 0.36% higher from the New York close. Overnight data showed that Japan’s final Nikkei manufacturing PMI dropped less than initially estimated in June. During the session, the pair traded at a high of 112.94 and a low of 112.20. On Friday, the US Dollar traded 0.28% higher against the Yen in the New York session and ended at 112.44. The pair is expected to its find support at 112.16 and its first resistance at 113.24.

USDCHF First Look for Swiss Franc to 0.9594 on Monday July 3

USDCHF

The US Dollar is trading at 0.9611 against the Swiss Franc at 09:40 GMT this morning, 0.27% higher from the New York close. Earlier today, Switzerland’s real retail sales declined in May, while the SVME manufacturing PMI advanced in June. The pair traded at a high of 0.9612 and a low of 0.9579 this morning. On Friday, the USD traded 0.06% higher against the CHF in the New York session and ended at 0.9585. The pair is expected to its find support at 0.9578 and its first resistance at 0.9628.

 USDCAD First Look for Canadian Dollar to 1.2983 on Monday July 3

USDCAD

The pair is trading at 1.2988 at 09:40 GMT this morning, with the USD trading 0.18% higher against CAD from the New York close. The pair traded at a high of 1.2995 and a low of 1.2962 this morning. The US Dollar declined against the Canadian Dollar in the New York session on Friday, closing 0.18% lower at 1.2965. The Canadian Dollar advanced against the USD, after Canada’s gross domestic product (GDP) rose on a monthly basis in April, meeting market expectations. The pair is expected to its find support at 1.2957 and its first resistance at 1.3010.

 AUDUSD First Look for Australian Dollar to 0.7679 on Monday July 3

AUDUSD

The pair is trading at 0.7658 at 09:40 GMT this morning, with the Australian Dollar trading 0.39% lower against US Dollar from the New York close, after Australia’s seasonally adjusted building approvals fell more-than-anticipated on a monthly basis in May. In contrast, the nation’s AIG performance of manufacturing index rose in June. This morning, the pair traded at a high of 0.7695 and a low of 0.7655. The Australian Dollar traded 0.08% higher against the US Dollar in the New York session on Friday, with the pair closing the session at 0.7688. The pair is expected to its find support at 0.7643 and

its first resistance at 0.7685.

 Gold Price First Look o 1,240.27 on Monday July 3

Gold

Gold is trading at $1235.10 per ounce at 09:40 GMT this morning, 0.51% lower from the New York close. Gold witnessed a high of $1241.90 per ounce and a low of $1234.30 per ounce during the session. Gold advanced in the New York session on Friday, closing marginally higher at $1241.40 per ounce, amid weakness in the greenback. Immediate downside, the first support level is seen at $1231.17 per ounce, while on the upside, the first resistance level is at $1242.17 per ounce.

 Silver Price First Look to 16.64 on Monday July 3

Silver

This morning, silver is trading at $16.54 per ounce at 09:40 GMT, 0.54% lower from the New York close. Silver witnessed a high of $16.64 per ounce and a low of $16.51 per ounce during the session. On Friday, silver traded 0.33% higher in the New York session and closed at $16.63 per ounce. Silver has its first support at $16.47 per ounce and its first resistance at $16.64 per ounce.

 Crude oil Price First Look to 46.15 on Monday July 3

Oil

At 09:40 GMT, the commodity is trading at $46.13 per barrel, 0.43% lower from the New York close. During the session, crude oil traded at a high of $46.44 per barrel and a low of $46.05 per barrel. The commodity advanced in the New York session on Friday, closing 2.41% higher at $46.33 per barrel, after Baker Hughes reported that active oil rigs in the US dropped by 2 to 756 last week, marking its first decline in 24 weeks. Crude oil has its first support at $45.36 per barrel and its first resistance at $46.67 per barrel.

 

Economic Snapshot

 

German manufacturing PMI surprisingly climbed in June

In Germany, the final manufacturing PMI recorded an unexpected rise to a level of 59.60 in June, compared to a reading of 59.50 in the previous month. The preliminary figures had recorded a fall to 59.30.

 

Swiss SVME manufacturing PMI advanced in June

The SVME manufacturing PMI climbed to 60.10 in Switzerland, in June, higher than market expectations of a rise to a level of 56.30. The SVME manufacturing PMI had recorded a level of 55.60 in the prior month.

 

Swiss real retail sales eased in May

In May, on a YoY basis, real retail sales in Switzerland slid 0.30%. In the previous month, real retail sales had dropped by a revised 0.90%.

 

 

Japanese manufacturing PMI declined in June

In June, the final manufacturing PMI eased to 52.40 in Japan. In the prior month, manufacturing PMI had recorded a reading of 53.10. The preliminary figures had recorded a drop to 52.00.

 

Chinese Caixin/Markit manufacturing PMI index recorded a rise in June

In June, Caixin/Markit manufacturing PMI index in China recorded a rise to 50.40, compared to market expectations of a rise to a level of 49.80. In the prior month, Caixin/Markit manufacturing PMI index had recorded a reading of 49.60.

 

 




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.30.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.30.17

A DAILY SOCIAL TRADING EVENT

MAJOR CURRENCY PAIR 6.30.17 This morning, the greenback is trading mostly higher against most of the major currencies, ahead of the US

BUZ  INVESTORS  MAJOR CURRENCY PAIR 6.30.17 This morning, the greenback is trading mostly higher against most of the major currencies, ahead of the US personal income and spending data as well as the final Michigan consumer confidence index.

The EUR is trading lower against the USD, after data showed that annual inflation in the Eurozone touched its lowest level this year in June, stoking concerns that the ECB is struggling to bring a durable and self-sustaining rise in inflation. Separately, the number of unemployed people in Germany surprisingly rose for the first time in more than a year in June while the nation’s annual as well as monthly retail sales rebounded more-than-expected in May.

The GBP is trading weaker against the USD. The British Gross Domestic Product (GDP) report confirmed a slowdown in economic growth in the first quarter of 2017, while the nation’s business investment rebounded during the same period, in line with preliminary estimates.

The AUD gained ground against the USD. Data indicated that in China, Australia’s largest trading partner, manufacturing as well as services sector, both expanded at its quickest pace in 3 months in June, offering evidence that it continues its recovery to growth.

Yesterday, the greenback traded lower in the New York session, against the key currencies, as investors brushed off positive data that indicated that the US annualized GDP expanded at a faster pace than initially estimated in the first quarter of 2017. On the contrary, the number of Americans filing for fresh jobless claims grew more-than-anticipated last week.




MAJOR CURRENCY PAIR 6.30.17

 

 EURUSD First Look at Euro Dollar Friday June 30

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1401 against the USD, 0.36% lower from the New York close. Earlier today, Germany’s seasonally adjusted unemployment rate remained steady in June, meeting market expectations. This morning, the pair traded at a high of 1.1445 and a low of 1.1392. The Euro traded 0.36% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1442, after Germany’s annual inflation climbed more-than-expected in June, while the monthly consumer price index (CPI) rebounded in the same month. The pair is expected to its find support at 1.1378 and its first resistance at 1.1435.

 GBPUSD First Look at British Pound Friday June 30

GBPUSD

At 09:40 GMT, the pair is trading at 1.2988, with the Pound trading 0.14% lower against US Dollar from the New York close. On the data front, UK’s GfK consumer confidence dropped more-than-expected in June. The pair witnessed a high of 1.3030 and a low of 1.2977 during the session. Yesterday, the Pound traded 0.29% higher against the US Dollar in the New York session and ended at 1.3006. Immediate downside, the first support level is seen at 1.2952, while on the upside, the first resistance level is situated at 1.3027.

 USDJPY First Look at Japanese Yen Friday June 30

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 111.96 against the Yen, 0.15% lower from the New York close. Overnight data indicated that Japan’s unemployment rate unexpectedly rose in May, while the national CPI climbed less-than-expected on an annual basis in the same month. During the session, the pair traded at a high of 112.15 and a low of 111.73. Yesterday, the US Dollar traded 0.64% lower against the Yen in the New York session and ended at 112.13. The pair is expected to its find support at 111.48 and its first resistance at 112.68.

 USDCHF First Look at Swiss Franc Friday June 30

USDCHF

The US Dollar is trading at 0.9586 against the Swiss Franc at 09:40 GMT this morning, 0.32% higher from the New York close. Macroeconomic data indicated that Switzerland’s KOF leading indicator surpassed market expectations in June. The pair traded at a high of 0.9595 and a low of 0.9553 this morning. Yesterday, the USD traded 0.4% lower against the CHF in the New York session and ended at 0.9555. The pair is expected to its find support at 0.9560 and its first resistance at 0.9605.

USDCAD First Look at Canadian Dollar Friday June 30

USDCAD

The pair is trading at 1.2988 at 09:40 GMT this morning, with the USD trading 0.08% lower against CAD from the New York close. Ahead in the day, traders would focus on Canada’s crucial GDP data, to gauge strength in the nation’s economy. The pair traded at a high of 1.3002 and a low of 1.2972 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.25% lower at 1.2999. Data revealed that Canada’s CFIB business barometer index dropped in June. The pair is expected to its find support at 1.2960 and its first resistance at 1.3027.

 AUDUSD First Look at Australian Dollar Friday June 30

AUDUSD

The pair is trading at 0.7682 at 09:40 GMT this morning, with the Australian Dollar trading slightly lower against US Dollar from the New York close. On the data front, Australia’s private sector credit rose on a monthly basis in May, at par with market expectations. This morning, the pair traded at a high of 0.7712 and a low of 0.7672. The Australian Dollar traded 0.38% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7684. The pair is expected to its find support at 0.7653 and its first resistance at 0.7711.

 Gold Price First Look at Friday June 30

Gold

Gold is trading at $1243.70 per ounce at 09:40 GMT this morning, 0.18% lower from the New York close. This morning, the precious metal traded at a high of $1248.20 per ounce and a low of $1241.80 per ounce. Yesterday, gold traded 0.41% higher in the New York session and closed at $1246.00 per ounce, buoyed by weakness in the greenback. Immediate downside, the first support level is seen at $1239.53 per ounce, while on the upside, the first resistance level is at $1248.03 per ounce.

 Silver Price First Look at Friday June 30

Silver

This morning, silver is trading at $16.59 per ounce at 09:40 GMT, 0.42% lower from the New York close. Silver witnessed a high of $16.71 per ounce and a low of $16.56 per ounce during the session. Yesterday, silver traded marginally higher in the New York session and closed at $16.66 per ounce, tracking gains in gold prices. Silver has its first support at $16.48 per ounce and its first resistance at $16.77 per ounce.

 Crude oil Price First Look at Friday June 30

Oil

At 09:40 GMT, the commodity is trading at $45.34 per barrel, 0.89% higher from the New York close. During the session, crude oil traded at a high of $45.41 per barrel and a low of $44.88 per barrel. The commodity declined in the New York session yesterday, closing 0.49% lower at $44.94 per barrel, surrendering its previous session gains. On the other hand, Goldman Sachs downgraded its outlook for crude prices over the next quarter amid rising shale drilling and an unexpected surge in production from Libya and Nigeria. It expects a three-month average of $47.50 per barrel for WTI crude from its previous estimate of $55.00 a barrel. Crude oil has its first support at $44.84 per barrel and its first resistance at $45.64 per barrel.

 

Economic Snapshot

 

UK GDP rose as expected in 1Q 2017

On a QoQ basis, the final gross domestic product (GDP) in the UK, advanced 0.20% in 1Q 2017, meeting market expectations. The preliminary figures had also indicated an advance of 0.20%. In the previous quarter, GDP had advanced 0.70%.

 

Japanese industrial production declined more-than-expected in May

In Japan, the preliminary industrial production eased 3.30% on a monthly basis in May, compared to an advance of 4.00% in the prior month. Market expectation was for industrial production to drop 3.00%.

 

Japanese national consumer price index (CPI) advanced less-than-expected in May

On an annual basis in Japan, the national consumer price index (CPI) registered a rise of 0.40% in May, compared to a similar rise in the previous month. Markets were expecting the national consumer price index (CPI) to climb 0.50%.

 

Chinese NBS non-manufacturing PMI registered a rise in June

The NBS non-manufacturing PMI recorded a rise to 54.90 in June, in China. The NBS non-manufacturing PMI had registered a reading of 54.50 in the prior month.

 

Chinese NBS manufacturing PMI unexpectedly expanded in June

In June, the NBS manufacturing PMI in China unexpectedly rose to 51.70, compared to a level of 51.20 in the prior month.

 




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.29.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.29.17

A DAILY SOCIAL TRADING EVENT

MAJOR CURRENCY PAIR 6.29.17 This morning, the greenback is trading lower against most of the major currencies, ahead of the US

 

BUZ INVESTORS  MAJOR CURRENCY PAIR 6.29.17 This morning, the greenback is trading lower against most of the major currencies, ahead of the US annualized 1Q GDP and initial jobless claims data, slated to release in a few hours.

The EUR is trading higher against the USD, after a final reading on Eurozone’s consumer confidence index improved as initially estimated in June, while the region’s economic sentiment indicator zoomed to a 9-year high in the same month, as consumers and businesses remained upbeat about the region’s growth prospects suggesting that the economy is gaining momentum. Separately, German consumer morale jumped to the highest level in nearly 16 years in July.

The GBP is trading higher against the USD, after Britain’s consumer credit surged in May, marking its biggest jump since November 2016. Yesterday, the BoE Governor, Mark Carney, caught investors off guard as he indicated the central bank will discuss over the possibility of an interest rate hike in coming months if businesses continue to raise investment and wage growth accelerates.

Yesterday, the greenback traded lower in the New York session, against the key currencies, after data showed that pending home sales in the US unexpectedly fell in May, dropping for a third consecutive month. On the other hand, the nation’s advance goods trade deficit narrowed more-than-expected in May, while seasonally adjusted flash wholesale inventories sharply rebounded in the same month.





 

MAJOR CURRENCY PAIR 6.29.17

 EURUSD First Look at Euro Dollar Thursday June 29

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1409 against the USD, 0.27% higher from the New York close, after data showed that Germany’s GfK consumer confidence index surprisingly advanced in July. This morning, the pair traded at a high of 1.1435 and a low of 1.1375. The Euro traded 0.41% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1378. The pair is expected to its find support at 1.1322 and its first resistance at 1.1465.

 GBPUSD First Look at British Pound Thursday June 29

GBPUSD

At 09:40 GMT, the pair is trading at 1.2975, with the Pound trading 0.34% higher against US Dollar from the New York close, after Britain’s net consumer credit rose more-than-expected in May, while mortgage approvals surprisingly climbed in the same month. The pair witnessed a high of 1.3007 and a low of 1.2929 during the session. Yesterday, the Pound traded 0.78% higher against the US Dollar in the New York session and ended at 1.2931, following hawkish comments from the Bank of England Governor, Mark Carney. Immediate downside, the first support level is seen at 1.2856, while on the upside, the first resistance level is situated at 1.3051.

 USDJPY First Look at Japanese Yen Thursday June 29

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 112.46 against the Yen, 0.12% higher from the New York close. Overnight data indicated that Japan’s seasonally adjusted retail trade as well as large retailers’ sales, both fell more-than-anticipated on a monthly basis in May. During the session, the pair traded at a high of 112.64 and a low of 112.14. Yesterday, the US Dollar traded 0.23% higher against the Yen in the New York session and ended at 112.32. The pair is expected to its find support at 112.05 and its first resistance at 112.76.

 USDCHF First Look at Swiss Franc Thursday June 29

USDCHF

The US Dollar is trading at 0.9581 against the Swiss Franc at 09:40 GMT this morning, 0.17% lower from the New York close. Moving ahead, Switzerland’s KOF leading indicator data, slated to release tomorrow, will pique investor attention. The pair traded at a high of 0.9600 and a low of 0.9561 this morning. Yesterday, the USD traded 0.22% lower against the CHF in the New York session and ended at 0.9597. The pair is expected to its find support at 0.9546 and its first resistance at 0.9632.

 USDCAD First Look at Canadian Dollar Thursday June 29

USDCAD

The pair is trading at 1.3037 at 09:40 GMT this morning, with the USD trading marginally higher against CAD from the New York close. The pair traded at a high of 1.3044 and a low of 1.3006 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.58% lower at 1.3035. The Canadian Dollar gained ground, after the BoC Governor, Stephen Poloz, hinted that an interest rate hike could come as early as next month. The pair is expected to its find support at 1.2982 and its first resistance at 1.3117.

 AUDUSD First Look at Australian Dollar Thursday June 29

AUDUSD

The pair is trading at 0.7675 at 09:40 GMT this morning, with the Australian Dollar trading 0.46% higher against US Dollar from the New York close, after data indicated that Australia’s new home sales rose on a monthly basis in May. This morning, the pair traded at a high of 0.7681 and a low of 0.7635. The Australian Dollar traded 0.43% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7640. The pair is expected to its find support at 0.7608 and its first resistance at 0.7712.

 Gold Price Market Finish for Wednesday June 28

Gold

Gold is trading at $1246.70 per ounce at 09:40 GMT this morning, 0.25% lower from the New York close. This morning, the precious metal traded at a high of $1253.20 per ounce and a low of $1244.00 per ounce. Yesterday, gold traded 0.18% lower in the New York session and closed at $1249.80 per ounce, extending its previous session losses. Immediate downside, the first support level is seen at $1241.90 per ounce, while on the upside, the first resistance level is at $1253.60 per ounce.

 Silver Price First Look for Thursday June 29

Silver

The precious metal is trading at $16.84 per ounce at 09:40 GMT this morning, marginally higher from the New York close. During the session, silver traded at a high of $16.92 per ounce and a low of $16.77 per ounce. In the New York session yesterday, silver rose 0.15% and closed at $16.84 per ounce. Immediate downside, the first support level is seen at $16.75 per ounce, while on the upside, the first resistance level is at $16.92 per ounce.

 Crude oil Price First Look for Thursday June 29

Oil

The commodity is trading at $44.93 per barrel at 09:40 GMT this morning, 0.13% higher from the New York close. Crude oil witnessed a high of $45.24 per barrel and a low of $44.75 per barrel during the session. In the New York session yesterday, crude oil rose 1.68% to close at $44.87 per barrel, after the EIA reported the biggest weekly decline in US crude production since July 2016 last week. However, it also indicated that US crude oil inventories rose by 0.1 million barrels to 509.2 million barrels last week. Immediate downside, the first support level is seen at $44.14 per barrel, while on the upside, the first resistance level is at $45.48 per barrel.

 

Economic Snapshot

 

Eurozone economic sentiment indicator recorded a rise in June

The Eurozone’s economic sentiment indicator advanced to 111.10 in June, higher than market expectations of a rise to a level of 109.50. In the previous month, the economic sentiment indicator had registered a level of 109.20.

 

 

Eurozone business climate indicator increased in June

The business climate indicator registered a rise to 1.15 in June, in the Eurozone, compared to a level of 0.90 in the prior month. Markets were expecting the business climate indicator to rise to a level of 0.94.

 

German consumer confidence index surprisingly rose in July

In July, the consumer confidence index in Germany recorded an unexpected rise to a level of 10.60. In the previous month, the consumer confidence index had registered a reading of 10.40.

 

Australian new home sales climbed in May

New home sales in Australia recorded a rise of 1.10% on a MoM basis, in May. New home sales had advanced 0.80% in the previous month.




TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 4.15.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.28.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.28.17

A DAILY SOCIAL TRADING EVENT

MAJOR CURRENCY PAIR 6.28.17 This morning, the greenback is trading lower against most of the major currencies, ahead of the US advance goods trade balance, flash wholesale inventories

BUZ INVESTORS  MAJOR CURRENCY PAIR 6.28.17 This morning, the greenback is trading lower against most of the major currencies, ahead of the US advance goods trade balance, flash wholesale inventories and pending home sales data, all scheduled to release in a few hours.

The EUR is trading higher against the USD. In economic news, growth in borrowing by businesses remained steady in the Eurozone in May. Moving ahead, investors will anxiously await Germany’s preliminary inflation data, slated to release tomorrow.

Yesterday, the greenback traded lower in the New York session, against the key currencies, after the US Senate Republican leaders postponed a vote on a health-care reform, throwing into doubt the US President, Donald Trump’s ability to implement his agenda of tax reform and infrastructure spending. On the other hand, economic data showed that confidence amongst Americans unexpectedly strengthened in June, as consumers remained upbeat about growth prospects of the world’s largest economy.

Separately, the International Monetary Fund (IMF) scaled back its growth forecast for the US to 2.1% in 2017 from 2.3% estimated in April, as promises made by the US President regarding fiscal policy, tax reforms and deregulation seemed less likely to be implemented. Further, the organization sharply reduced growth projection for next year and expressed skepticism that the economy would achieve the 3.0% growth target set in the President, Trump’s first budget. Meanwhile, the Philadelphia Federal Reserve (Fed) President, Patrick Harker, warned that the central bank may have to rethink on its rate hike trajectory if inflation continues to abate, albeit he was in support for another interest rate hike this year.




MAJOR CURRENCY PAIR 6.28.17

 EURUSD Exchange Watch for Euro Dollar Wednesday June 28

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1362 against the USD, 0.2% higher from the New York close. On the data front, Germany’s import price index fell more-than-expected on a monthly basis in May. This morning, the pair traded at a high of 1.1388 and a low of 1.1336. The Euro traded 0.55% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1339. The pair is expected to its find support at 1.1277 and its first resistance at 1.1418.

 GBPUSD Exchange Watch for British PoundWednesday June 28

GBPUSD

At 09:40 GMT, the pair is trading at 1.2825, with the Pound trading 0.09% higher against US Dollar from the New York close. Earlier in the session, UK’s seasonally adjusted nationwide house prices rebounded more-than-anticipated on a monthly basis in June. The pair witnessed a high of 1.2834 and a low of 1.2794 during the session. Yesterday, the Pound traded 0.42% higher against the US Dollar in the New York session and ended at 1.2814. Immediate downside, the first support level is seen at 1.2752, while on the upside, the first resistance level is situated at 1.2879.

 USDJPY Exchange Watch for Japanese Yen Wednesday June 28

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 112.18 against the Yen, 0.1% lower from the New York close. In economic news, Japan’s small business confidence index advanced in June, meeting market expectations. During the session, the pair traded at a high of 112.42 and a low of 111.83. Yesterday, the US Dollar traded 0.3% higher against the Yen in the New York session and ended at 112.29. The pair is expected to its find support at 111.72 and its first resistance at 112.55.

USDCHF Exchange Watch for Swiss Franc Wednesday June 28

USDCHF

The US Dollar is trading at 0.9606 against the Swiss Franc at 09:40 GMT this morning, a tad higher from the New York close. On the macro front, Switzerland’s ZEW economic expectations index declined in June, while the UBS consumption indicator climbed in May. The pair traded at a high of 0.9610 and a low of 0.9584 this morning. Yesterday, the USD traded 0.56% lower against the CHF in the New York session and ended at 0.9603. The pair is expected to its find support at 0.9569 and its first resistance at 0.9658.

USDCAD Exchange Watch for Canadian Dollar Wednesday June 28

USDCAD

The pair is trading at 1.3139 at 09:40 GMT this morning, with the USD trading 0.43% lower against CAD from the New York close. Moving ahead, investors would keep a close watch on a speech by the Bank of Canada’s (BoC) Governor, Stephen Poloz, slated to release in a few hours. The pair traded at a high of 1.3198 and a low of 1.3129 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing 0.14% lower at 1.3196. The pair is expected to its find support at 1.3101 and its first resistance at 1.3204.

AUDUSD Exchange Watch for Australian Dollar Wednesday June 28

AUDUSD

The pair is trading at 0.7595 at 09:40 GMT this morning, with the Australian Dollar trading 0.17% higher against US Dollar from the New York close. Going ahead, Australia’s HIA new home sales data, set to release in the early hours of tomorrow, will be on investors’ radar. This morning, the pair traded at a high of 0.7617 and a low of 0.7580. The Australian Dollar traded 0.17% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7582. The pair is expected to its find support at 0.7578 and its first resistance at 0.7615.

 Gold Price Market Close Tuesday June 27

Gold

Gold is trading at $1252.20 per ounce at 09:40 GMT this morning, 0.33% higher from the New York close. This morning, the precious metal traded at a high of $1254.90 per ounce and a low of $1246.70 per ounce. Yesterday, gold traded 0.13% lower in the New York session and closed at $1248.10 per ounce, surrendering its previous session gains. Immediate downside, the first support level is seen at $1247.23 per ounce, while on the upside, the first resistance level is at $1256.03 per ounce.

 Silver Price Market Close Wednesday June 28

Silver

The precious metal is trading at $16.82 per ounce at 09:40 GMT this morning, 0.57% higher from the New York close. During the session, silver traded at a high of $16.86 per ounce and a low of $16.68 per ounce. In the New York session yesterday, silver rose 0.33% and closed at $16.72 per ounce. Immediate downside, the first support level is seen at $16.65 per ounce, while on the upside, the first resistance level is at $16.92 per ounce.

 Crude oil Price market Close for Wednesday June 28

Oil

The commodity is trading at $44.07 per barrel at 09:40 GMT this morning, 0.71% higher from the New York close. Crude oil witnessed a high of $44.19 per barrel and a low of $43.67 per barrel during the session. In the New York session yesterday, crude oil fell 0.21% to close at $43.76 per barrel, after the API disclosed that US crude oil stockpiles surprisingly advanced by 851,000 barrels to 509.5 million barrels in the week ended 23 June. Immediate downside, the first support level is seen at $43.60 per barrel, while on the upside, the first resistance level is at $44.49 per barrel.

 

Economic Snapshot

 

German import price index fell more than expected in May

In May, the import price index fell 1.00% in Germany, on a MoM basis, more than market expectations for a drop of 0.60%. The import price index had recorded a drop of 0.10% in the prior month.

 

French consumer confidence unexpectedly rose in June

In June, consumer confidence climbed surprisingly to a level of 108.00 in France. Consumer confidence had recorded a revised reading of 103.00 in the prior month.

 

Italian consumer price index surprisingly eased in June

The flash consumer price index unexpectedly dropped 0.10% on a monthly basis in June, in Italy. In the previous month, the consumer price index had fallen 0.20%.

 

 

Swiss UBS consumption indicator advanced in May

UBS consumption indicator in Switzerland registered a rise to 1.39 in May, compared to a revised level of 1.34 in the previous month.

 

Japanese small business confidence index registered a rise in June

The small business confidence index in Japan recorded a rise to 49.20 in June, compared to a reading of 48.90 in the prior month. Markets were anticipating the small business confidence index to rise to a level of 49.20.