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Tuesday, November 3rd
AUD/USD rises to one-week highs after the Reserve Bank of Australia left interest rates on hold and signaled the possibility of further rate cuts in the future. Speaking after the decision, RBA Governor Glenn Stevens that "the outlook for inflation may afford scope for further easing of policy, should that be appropriate to lend support to demand.” The American dollar remained under pressure after the Institute for Supply Management said its index of purchasing managers fell to a more than two-year low of 50.1 last month from a reading of 50.2 in September. Current support and resistance levels are located at 0.7094 and 0.7205.
NZD/USD fell this morning but the losses were limited as demand for the greenback remained under pressure after the previous session’s weak U.S. data. ANZ Commodity Price Index came out with 6.9% reading after its previous 5.5%. Later in the day, US publish its Factory orders numbers. The support and resistance levels are at 0.6666 and 0.6796, respectively.
EUR/USD posted modest losses on Monday remaining above 1.10 amid a wave of mixed manufacturing data around the globe. In Europe, overall export levels surged in October to a four-month high while total order growth across the euro zone rose to its highest level since April, 2014. The Spanish Unemployment change figures camou out in red colour at 82.3K versus 70.3K expected by analysts. Later in the day, the market is expecting a speech from ECB President Mario Draghi. The support is seen at 1.0927, while resistance is located at 1.1091.
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Thursday, November 5th
EUR/USD dropped sharply falling to its lowest level in more than three months, after Janet Yellen brought a December rate hike into play with hawkish comments before a Congressional committee on Wednesday. The currency pair traded in a broad range between 1.0844 and 1.0968, before settling at 1.0863. Ahead in the day, euro zone is publishing its Retail Sales data right before the speech of ECB President Mario Draghi. Current support and resistance levels are located at 1.0823 and 1.0967, respectively.
GBP/USD was rising on Wednesday amid strong Services PMI data, but the cable didn’t manage to withstand the hawkish comments from the Fed. Ahead in the day, Britain is publishing the MPC vote outcome, which will reflect the BoE approach to current monetary policy. Initial jobless claims data is expected on the US side. Current support and resistance levels are located at 1.5254 and 1.5494, respectively.
AUD/USD was almost unchanged on Thursday, as expectations for a December rate hike in the U.S. continued to support the greenback and as investors eyed upcoming U.S. data. Tomorrow, Australia is publishing its AIG Construction Index, while the attention of the market will be mostly focused on the NFP figures publication. Current support and resistance levels are located at 0.7064 and 0.7225.
USD/CAD is currently changing hands at 1.3145 after rising on Wednesday. The Canadian Trade data was out in green colour indicating a contraction of Trade Balance deficit. Although, the interest rate hike expectations in the US were taken as a bullish sign by investors. It is expected that the bullish trend will continue in mid-term. Current support and resistance levels are seen at 1.3078 and 1.3221.
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Friday, November 6th
AUD/USD gains in Asia currently trading at 0.7149. The aussie rose higher after the Monetary Policy Statement by RBA. The central bank said that Asian growth remained a key uncertainty on future policy and also noted that the scope for easier policy remained in place. AIG Construction Index was higher than last month at 52.1. Current support and resistance levels are located at 0.7076 and 0.7193.
GBP/USD fell sharply on Thursday, extending losses down to its current 1.5194 after a dovish Bank of England quarterly inflation report signaled that interest rates are likely to remain on hold for an extended period. Later in the day, Britain is publishing the Manufacturing Production data and Trade Balance figures. The support is seen at 1.5034, while resistance is likely to be met at 1.5384.
EUR/USD remained near 14-week lows ahead of key US jobs report despite a slight uptick on Thursday. The currency pair traded in a tight range between 1.0834 and 1.0897 before settling at 1.0880. The next two U.S. job reports are viewed as critical for policymakers in favor of an imminent rate hike. Yellen reiterated in her testimony that the Federal Open Market Committee will continue to take a data driven approach to its decision on whether to normalize monetary policy. The support and resistance levels are located at 1.0801 and 1.0974.
USD/CAD rose on Thursday as expectations for a December rate hike in the U.S. continued to support despite the release of disappointing U.S. jobless claims data. USD/CAD hit 1.3181 during early U.S. trade, the session high; the pair subsequently consolidated at 1.3175. Later in the day, Canada is publishing Building Permits and Labor market data. On the US side, investors are waiting for Non-Farm Payrolls publication.
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Friday, May 27th
GBP/USD was trading in 25-pips narrow range between 1.4659 and 1.4682 handling throughout the Asian session. The pair has retreated from almost four-week highs above 1.47 level and now consolidates entrenched positions. As the UK data calendar is empty for today traders will focus on Q1 US GDP print and hawkish comments from Fed Chair Yellen that will provide fresh incentives for the pair. At the moment the pair trades at 1.4666 spot with todays approximate support and resistance levels at 1.4582 and 1.4782
EUR/USD is trading slightly higher today against previous day, but still under the 1.12 resistance level. Today expected that USD bulls would take control over the pair, as traders will closely watch for US major releases such as US GDP report, which most likely will improve to 0.9% from the previous 0.5% and Fed Chair Yellen’s speech that will provide some bid-tone for the US currency across the board. Meanwhile, trades activity will be limited today as Memorial Day celebrations begin later tonight. Now pair trades at 1.1180 spot, with todays support and resistance levels located at 1.1117 and 1.1253 spots
USD/CHF struggles to break through key resistance level at 0.99. The pair was hovering in 10 pips narrow range this morning after spiking this month low at 0.9872 spot. Today traders will focus on US Q1 GDP and Fed Chair Yellen’s speech, as surprisingly strong numbers in GDP would definitely trigger a bullish spike in the pair. At the moment pair is trading at 0.9897, meeting resistance just before 0.99 level. Support and resistance level for the pair are located at 0.9842 and 0.9952.
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Monday, May 30th
GBP/USD undergoing correction process, keeping downside trend for the third day in a row. Cable remains vulnerable to its counterpart as FOMC chair J. Yellen said on Friday that a rate hike is appropriate in June. Also the pair is still suffering from the Brexit sentiments, as less then month is left to EU referendum. Today the pair will stay directionless as both the US and UK markets remain closed. At the moment the pair is trading at 1.4624 finding support at 1.46 level. Todays support and resistant levels are located at 1.4552 and 1.4720
USD/JPY has managed to break through its key support level at 111 and now the pair is expanding its gains near its multi-week high at 111.40. Yen has lost its ground moving form Fridays low at 109.50 to todays multi-week high on the back of positive US GDP with hawkish comments from the Feds Head J. Yellen provided last Friday. Also the pair gained perceptible upward boost as traders are looking toward risky assets today. Today the pair will gain its direction from sentiment related to risky assets, as US market will be closed for holyday today. Now the pair is trading at 111.24 with todays support and resistance levels at 109.65 and 111,42
EUR/USD has managed to recover some positions this morning despite dollars strength. The pair fell to its multi-week lows this morning finding support at 1.11 level as Fridays hawkish comments of Fed Chair J. Yellen assured traders that rate hike by the Fed in June remains a live possibility. Today ahead German CPI while US market will be closed due to the Memorial Day holiday. At the moment the pair is trading at 1.1119 with todays support and resistance levels located at 1.1051 and 1.1231.
USD/CAD remains highly bided today on the back of strengthened US dollars positions and weakness in the oil prices. Also the pair will gain sentiments from Fed Chair Yellen’s hawkish comments as traders are still digesting her speech. Looking ahead today traders will focus on CAD secondary data such as Current Account and Raw Materials Price Index while US market is closed due to holiday. At the moment the pair is trading at 1.3072 spot with todays support and resistance levels at 1.2918 and 1.3122
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Tuesday, May 31st
EUR/USD is losing its positions, down from 1.1150 level on the back of weak German retail sales. Today Eurozone will publish Consumer prices that expectedly will show 0.1% dip on a yearly basis. If expectations come true than Eurozone will keep deflation for a fourth consecutive month. Today traders will see some local macro data from Eurozone, while US will introduce Personal Spending/Income with CB Consumer Confidence. At the moment pair is trading at 1.1133 with its approximate support and resistance levels located at 1.1079 and 1.1173
GBP/USD spiked resistance level of 1.47 and tested todays high at 1.4725 spot on the back of the latest Brexit polls, which showed that “remain” voted participants claimed 51% while their “exit” opponents stood at 46%. Spike faded quickly as market prefers to hold the US currency bid tone before US macro dataflow. Also the pair finds some support from risky sentiments which are taking control over the market amid higher Asian indices and stabilizing oil prices. Looking ahead, UK data calendar is empty today, while PCE Price Index and CB Consumer Confidence will be the main releases in the US calendar. At the moment the pair is trading at 1.4668 finding todays support and resistance at 1,4577 and 1,4707
USD/CAD is rebounding from its low at 1.3020 witnessed this morning on the back strengthened positions of the US currency and softer crude oil prices. Today sentiments around the pair will drive Canadian GDP figures with US Personal Spending/Income data and CB Consumer Confidence. Also pair will gain some influence from crude oil dynamics. Today the pair most likely will find support at 1.2983 and resistance at 1.3125 spots.
AUD/USD is trying to consolidate part of its gains above 0.72 level that became possible to reach after surprisingly strong building approvals data form Australia. Moreover, the pair gained support from USD profit-taking moves across the market. Looking ahead, traders today will closely watch for US core PCE price index and CB Consumer Confidence with Australian GDP, coming later in Asia. At the moment the pair is trading at 0.7235 spot with todays approximate support and resistance levels at 0.7133 and 0.7211.
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Wednesday, June 1st
GBP/USD has been floating in upper half of 1.44 level since this Tuesday. The pair fell sharply breaking through key resistance levels 1.47, 1.46 and 1.45 after the latest Brexit poll results showed growth in number of “leave” voted participants. Also the pair has received some bearish pressure as dollar is strengthening its positions across the market this Wednesday. Today traders will focus on Manufacturing PMI from UK with upcoming Manufacturing PMI form US. At the moment the pair is trading at 1.4493. Todays approximate support and resistance levels are located at 1.4297 and 1.4815.
AUD/USD tested two weeks high, nearly reaching 0.73 handle. The pair grew up for 70-pips reacting on the higher than expected Australian GDP numbers. But rally was slowed down after Caixin’s Manufacturing PMI showed decreasing trend. Moreover, weakness in oil prices also has weighed the pair, making it to retreat from this days high. Today traders will gain further traction from US ISM Manufacturing PMI figures, with Retail Sales and Trade Balance from Australia. At the moment the pair is trading at 0.7272 meeting todays support and resistance level at 0.7140 and 0.7312 spots.
EUR/USD has been trading in bearish trend for the fourth weeks in a row. The pair has retreated from 1.1615 spot witnessed in early May and now testing 1.11 level, meeting support at this point. The main reason of this down move is dollars weight supported by speculations of a rate hike by the Fed at its June/July meeting. Later this session traders will see both manufacturing PMIs, from Eurozone firstly, with US data coming later. Also traders will watch today for Beige Book and API Weekly Crude Oil Stock from US. Currently the pair is trading at 1.1131 level with todays support and resistance levels located at 1.1091 and 1.1193 spots.
USD/CHF ignored the release of weaker-than expected Switzerland’s GDP data. Currently the pair is trading at 0.9934 spot down from 0.9950 with todays low at 0.9930. Looking ahead, the Swiss docket is empty for further today, while US will release ISM Manufacturing PMI, Beige Book and API Weekly Crude Oil Stock. Todays support and resistance levels are located at 0.9861 and 0.9989
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Thursday, June 2nd
USD/JPY rebounded from two-week low witnessed at 108.83 as Nikkei 225 slowed down its falling. Yesterday the pair fell sharply on the back of the latest sales tax hike delay decision made by Prime Minister of Japan Sh. Abe. Also the pair is getting some pressure as risky mood calms down and traders find safe haven in Yen. Today traders will closely watch for ADP Nonfarm Employment Change and Crude Oil Inventories from US, as Japan will release only secondary macro data. At the moment the pair is trading at 109.21, with todays approximate support and resistance levels located at 108.01 and 111.59
EUR/USD is hovering near 1.12 level, retreated from its daily tops. The pair is showing moderate growth, gaining over a cent since yesterdays low at 1.1114 boosted by sell-off sentiments surrounded US currency. Ahead in the session, all attention will be focused on the ECB meeting. Expected that Central Bank will leave the rate flat, but hawkish comments about inflation and its growth projections would activate euro bulls. Currently the pair is trading at 1.1203 down from 1.1214 spot. Todays support and resistance levels for the pair are located at 1.1086 and 1.1244 handles.
USD/CAD is trading mostly unchanged this Thursday. The pair has consolidated near 1.3080 level before key event - OPEC meeting, where key oil issues will be discussed. Also the pair is gaining some support amidst broad-based USD selling with slight increase in oil price. Moreover today the pair will gain sentiments from ADP employment report, Initial Claims and speeches by BoC’s S.Poloz and FOMC members J.Powell, W.Dudley and R.Kaplan. At the moment the pair is trading at 1.3081 with todays support and resistance levels located at 1.2999 and 1.3159 spots.
AUD/USD is trading under bearish pressure this morning below 0.7250 spot despite of better-than-expected trade-balance data. The pair showed positive trend on the back of strong GDP from Australia, but the growth was limited by strengthened dollars positions. Yesterday Australia showed better-than-expected trade balance that boosted the pair to 0.7269 spot, however the spike faded quickly on the back of disappointing Australian Retail Sales that pushed Aussie back in North direction. Today traders will focus on ADP Nonfarm Employment Change and Crude Oil Inventories from US ahead of the key official jobs report scheduled on Friday. At the moment the pair is trading at 0.7218 with todays support and resistance levels located at 0.7189 and 0.7331
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Friday, June 3rd
USD/CAD is trading flat this morning hovering between 1.3090 and 1.310 levels. The pair has lost its positions, moving back from nine-day high scored this Thursday on the back of negative Crude Oil Inventories data from USA. Also the pair was influenced by OPEC meeting in Vienna, where meeting participants didn’t reach an agreement. Today all attention will be focused on NFP from USA, with Unemployment Rate, ISM Non-Manufacturing PMI and Trade Balance from Canada. At the moment the pair is trading at 1.3094 with todays support and resistance levels located at 1.3010 and 1.3186.
EUR/USD is trading modestly flat this morning with slight recovery from this month low after falling below 1.12 level, as ECB Chief M.Draghi made dovish comments after ECB meeting. M.Draghi noticed that consumer price growth would remain low or negative for several months ahead. Today in data calendar series of services PMI reports from the Eurozone regions with main market event of this Friday – NFP are scheduled. Currently the pair is trading at 1.1155, with todays approximate support and resistance levels located at 1.1097 and 1.1245.
GBP/USD keeps bearish mood this morning, testing resistance at 1.44. Pound remains weak this week, as market is still digesting the latest Brexit polls results, which showed strong support in “leave” camp. Also the pair is getting pressure as dollar is strengthening its positions on the back of ECB meeting. Currently market participants are awaiting for Services PMI from Britain with main event of Friday NFP coming later this day. At the moment the pair is trading at 1.4412 with todays support and resistance levels at 1.4362 and 1.4502.
USD/JPY tested two-week low on the back of US jobs data released this Thursday that left mixed sentiment. Also, Yen remains supported by announcement made by Japanese Prime Minister Sh.Abe about sales tax hike delay. As Japanese data calendar is empty for today, traders will closely watch for US Nonfarm Payrolls with Unemployment Rate and ISM Non-Manufacturing PMI ahead today. At the moment the pair is trading at 108.75, with todays low witnessed at 108.50. Todays support and resistance for the pair are located at 107.93 and 110.05 levels.
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Monday, June 6th
GBP/USD has dropped sharply this morning, testing new three-week low at 1.4353 spot. Cable lost all its positions, gained last Friday, as NFP showed unexpectedly low figures, making possible for the pair to grow to 1.4582 level. Now pound is trading below its key resistance level 1.44 unable to break through it as the latest Brexit polls results showed that “leave” voted participants are taking a lead. Today traders will await for a fresh impute from Fed Chair Yellen’s speech scheduled later this day. At the moment the pair is trading at 1.4385 with todays approximate support and resistance levels at 1.4314 and 1.4680 spots.
EUR/USD is trading slightly lower today as the pair is gaining some influence from GBP/USD sharp fall with lower than expected German Factory Orders. The pair managed to jump from two-month lows to three-week high located at 1.1366 spot on the back of disappointing NFP data last Friday. Today traders attention will be focused on Fed Chair J.Yellens speech, expected that despite the weak employment data she will keep hawkish mood during her speech. Currently the pair is trading at 1.1338, with its support and resistance levels at 1.1210 and 1.1447.
USD/CHF is trading modestly flat this morning, in 10 pip narrow range near 0.9770 level. The pair dropped sharply last Friday breaking through its key resistance level at 0.98 on the back of disappointing NFP. Today market participants will await for the Fed Chair J.Yellens speech. Also the pair will gain some influence from broad-based dollars recovery today. At the moment the pair is trading at 0.9700 level with todays support and resistance levels located at 0.9698 and 0.9865 spots.
USD/JPY dropped to nearly month low located at 106.37 last Friday, as US job growth showed sharp slowdown. Now the pair has managed to recover part of its positions breaking through 107 resistance. Today market participants will look forward to Fed Chair J.Yellens comments, ahead in New York session. At the moment the pair is trading at 107.20 spot with todays support and resistance levels located at 105.64 and 108.27.
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Tuesday, June 7th
AUD/USD is extending its rapid growth for the second day this Tuesday. The pair tested five-week high at 0.7431 on the back of RBA’s decision to leave rate unchanged at 1.75% at its monetary policy review meeting. However, leaving rate unchanged was expected. Also RBA noticed that inflation will keep its slow growth for a while. Today the pair will keep its bullish mood as dollar is still weak after disappointing Fridays data, while market participants are still digesting the latest policy outcome form Australia. Meanwhile, today US will introduce only secondary data such as Nonfarm Productivity and Unit Labor Costs that unlikely will change the pairs direction, while Chinese trade figures will provide fresh impetus for the pair. At the moment the pair is trading at 0.7430 with todays support and resistance levels located at 0.7289 and 0.7457.
USD/CAD today trades modestly flat as broad based weakness of the dollar and lower oil prices are keeping the pairs direction uncertain. Today traders will set up their focus on the Canadian Ivey PMI data with coming ahead API Weekly Crude Oil Stock for further momentum. At the moment the pair is trading at 1.2801 testing its key support level at 1.28. Todays approximate support and resistance are located at 1.2687 and 1.3047 spots.
USD/JPY has caught the wave and is moving in north direction for the second day in a row. After Fridays fall on the back of awful NFP report, the pair broke through 107 level and now has managed to recover some positions, as risk-on sentiment is weighing yen. Today the pair will keep its bullish trend, as traders will look forward risky assets. Also US will release Nonfarm Productivity while Japan will introduce GDP figures. At the moment the pair is trading at 107.59, with todays support and resistance levels at 106.70 and 108.49 spots.
GBP/USD unexpectedly spiked through 1.45 and 1.46 resistance levels with no triggers at all. Considered that in the lack of catalyst, such move became possible as big player entered the market. Without any support the spike faded quickly, consolidating part of gained positions just above 1.45 level. With a relatively lighter economic calendar today the pair will gain further sentiments from the latest Brexit polls dynamic as “Remain” voted participants taking a lead again. Also traders will focus today on UK Halifax HPI data and US Nonfarm Productivity. Currently the pair is trading at 1.4523 with todays support and resistance levels located at 1.4365 and 1.4551
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Wednesday, June 8th
GBP/USD seems to be cooled off after yesterdays volatile session. Despite improving risky sentiments, the pair is keeping its bullish mood, as dollar is still weak across the board. Currently traders have taken a break before UK Manufacturing Productions, with coming ahead US Crude Oil Inventories. At the moment the pair is trading at 1.4555 with todays support and resistance levels located at 1.4433 and 1.4656.
EUR/USD is keeping its narrow range just above 1.1330 level since beginning of this week. In light of empty data calendar from Euroland with only Crude Oil Inventories from US and broad based dollars weakness, the pair most likely will reach 1.14 level very soon. At the moment the pair is trading at 1.1363 with support and resistance levels at 1.1317 and 1.1421.
NZD/USD is testing new five-week highs near 0.70 level. Today the pair is trading under bullish pressure on the back of broad based dollars weakness with upcoming RBNZ monetary policy meeting. Expected that after surprising the markets in March by lowering benchmark interest rates, this time RBNZ will leave the rate in flat. Also US will release Crude Oil Inventories later this day. At the moment the pair is trading at 0.6983 back from 0.7005 level. Todays support and resistant levels for the pair are located at 0.6862 and 0.7096.
USD/CAD is testing new monthly lows in the 1.2730 area. Today loonie is trading under bid tone as dollar is still suffering after disappointing NFP with renewed buying pressure of the oil on the back of decreased Weekly Crude Oil Stocks by API released yesterday. Today ahead are Housing Starts and Building Permits from Canada, with Crude Oil Inventories from US. Currently the pair is trading at 1.2737 with todays approximate support and resistance levels located at 1.2666 and 1.2874
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Friday, June 10th
EUR/USD remains under strong bearish pressure as dollar is strengthening its positions and oil price is taking its corrective moves. The pair lost more than cent down from yesterdays multi-week high witnessed at 1.1415 spot to level of 1.13. However the pair got minor support this morning as German CPI showed as expected flat figure. Nothing important is scheduled in Euroland data calendar with Michigan Consumer Sentiment and Federal Budget Balance form US coming later this day. Currently the pair is trading at 1.1302 with todays support and resistance levels at 1.1235 and 1.1455.
NZD/USD has reversed part of gained positions and now is retreating from yearly tops witnessed at 0.7150 after RBNZ has left its interest rates on hold with hawkish comments after. The pair continues its downslide as softer oil prices coupled with strengthening dollars positions after four-day of consecutive down move are pushing the pair in the south direction. Today in light data calendar traders will find only secondary data such as prelim Michigan Consumer Sentiment and Federal Budget Balance of US. At the moment the pair is trading at 0.7099, hovering around 0.71 level for the last couple of hours. Todays support and resistance for the pair are located at 0.6929 and 0.7169.
USD/CAD retreated from its monthly lows marked at the 1.2655 level in the middle of this week on the back of softer oil prices and incipient bid tone around the US currency. However, the pair is still trading above the level of 1.27 as important Canadian releases are getting closer. Today the center stage will take Employment Change data from Canada followed by Michigan Consumer Sentiment and Federal Budget Balance form US. At the moment the pair is trading at 1.2733 with todays support at 1.2623 and resistance at 1.2815 respectively.
GBP/USD is performing downslide as pound is following risk-on sentiment this Friday. Moreover, the pair is staying under pressure as uncertainty surrounded upcoming UK referendum and awakening of the dollar after last Fridays disappointments are forcing bears to take a lead. With light data calendar the pair will be influenced by risk sentiment today with coming ahead Michigan Consumer Sentiment and Federal Budget Balance form US scheduled later this day. At the moment the pair is trading at 1.4437 with todays approximate support and resistance levels located at 1.4395 and 1.4555
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Monday, June 13th
EUR/USD has fallen sharply since the last Thursday, losing all gained positions for previous week. However, the shared currency recovered slightly as risk-off sentiments are pushing traders to find safe-haven in EUR. Also EUR has stopped its losing streak as markets are still digesting Orlando bombings happened this weekend. Today without any fundamental release, the pair will follow the market sentiment. Currently the pair is trading almost unchanged towards fresh session high 1.1257. Todays support and resistance levels are located at 1.1196 and 1.1348.
USD/JPY is testing monthly lows, breaking through level of 106 as risk-off sentiment is weighting the pair. Today market participants are digesting the latest news about the weekend’s bombings in Orlando by the terrorist group ISIS, sending the pair to the lows last seen in early May. Also traders are worried about this week upcoming major events such as Fed and BOJ Interest Rate Decisions. Nothing is scheduled in data calendar for today, so risk sentiment will lead the pair during this day. At the moment the pair is trading at the 106.01 spot with todays low marked at 105.74 level. Todays support and resistance levels are located at the 105.49 and 107.60.
GBP/USD is testing two-week lows as pound is highly pressured on the back of the upcoming UK referendum scheduled next week. However, the Brexit is the main event of the next week, this week data calendar for the UK is also full of major releases, such as CPI are due tomorrow, followed by Claimant Count Change on Wednesday, with Retail Sales and Interest Rate Decision on Thursday. Data calendar is quite for today, so the pair will follow developments surrounding the Brexit issue. At the moment the pair is trading at 1.4195 with todays support and resistance levels at 1.4009 and 1.4595.
NZD/USD has reversed half of its gains kept last week and now keeps the downslide move, as the USD bulls are taking the lead over the pair. However, commodity-linked NZD has gained some support in response of the copper price rally. Nothing is scheduled in the data calendar for today, so the pair will gain further momentum from market sentiment during this day. At the moment the pair is trading at the 0.7060 with today support and resistance levels located at 0.6987 and 0.7153.
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Tuesday, June 14th
GBP/USD is trading in bearish trend this morning as UK referendum is coming closer. The pair continues to be heavy weighted as less than 10 days are left till UKs major event. The latest polls results are showing that the leading number of the participants is still based in the “leave” camp. Moreover, today traders will focus on UK CPI figures with coming later Retail Sales data from US. At the moment the pair is trading at 1.4175 with todays support and resistance levels located at 1.4024 and 1.4446.
USD/CHF has recovered slightly from yesterdays dollars sell-off as dollar has stopped its downslide move against its major peers. However, recovery seems to be limited as “Brexit” infuse fear in market pushing traders to find shelter in traditional safe-haven currency such as CHF. Looking ahead, today traders will focus on Swiss PPI and US retail sales data scheduled later this day. At the moment the pair is trading at the 0.9640 with todays support and resistance levels located at 0.9600 and 0.9698 spots.
EUR/USD is trading under the level of 1.13, moving in south direction as dollar is strengthening its positions against its major counterparts. However, the dollars gains will be limited as market participants most likely will leave US currency on hold waiting for Fed Interest Rate Decision scheduled this Wednesday. Also today, markets will look forward to the Industrial Production data from Eurozone with Retail Sales figures from US coming ahead. At the moment the pair is trading 1.1270 accelerating its downslide with todays approximate support and resistance levels located at 1.1203 and 1.1347.
USD/CAD has managed to recover part of its losses and now the pair is trading toward todays high marked at 1.2848 as US dollar is strengthening its positions across the market. Also the pair got minor support as softer crude oil prices weighted Canadian currency versus its American neighbor this Tuesday. Today traders will set up their focus on Retail Sales and API Weekly Crude Oil Stock from US scheduled later this day. Currently the pair is trading at 1.2835 spot with todays support and resistance levels located at 1.2719 and 1.2897 marks.
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Wednesday, June 15th
GBP/USD has recovered slightly after six-day consecutive fall. After visiting nine-week low near area of 1.41 the cable took a break and has recovered part of it losses despite the fact that “Brexit” polls are still showing strong overweight in “leave” camp. Today the center stage will take Fed monetary policy decision due later in the American session. However, volatile session is expected today as UK will introduce Average Earnings coupled with Claimant Count Change followed by US PPI and Crude Oil Inventories. At the moment the pair is trading at 1.4172 with todays approximate support and resistance levels located at 1.3980 and 1.4328.
USD/JPY is failing in attempts to consolidate at daily highs as dollars corrections and eased risk-off sentiment are weighing the pair. Expected that the major will hold on in narrow range, as investors will stay cautious in anticipation of the crucial monetary policy decisions by the Fed and BOJ coming later this day. At the moment the pair is trading at 106.23 with todays support and resistance levels at 105.24 and 107.26.
EUR/USD once again tested daily lows near 1.1190 level. The pair has fallen sharply yesterday as shared currency got negative influence from sentiment surrounded “Brexit”. Moreover, the pair is staying under pressures as dollar has strengthened its positions against its counterparts. Looking ahead, today traders focus will remain on the Fed Interest Rate Decision however, market participants are not expecting rate hike this month. Today Eurozone will release Trade Balance followed by US PPI and Crude Oil Inventories that also will be watched for further momentum. Currently the pair is trading at 1.1212 with todays support and resistance levels located at 1.1120 and 1.1340.
AUD/USD has recovered part of its positions after disappointing Australian Consumer Sentiment data. However, the pair will feel weak today as softer oil prices with lower Asian equities are weighting the pair. Today traders will watch for US PPI and Crude Oil Inventories followed by major event Fed Interest Rate Decision that likely will bring massive volatility to the market. Also Employment Changes from Australia are scheduled later this day. At the moment the pair is trading at 0.7378 with todays support and resistance levels at 0.7249 and 0.7438.
Your European ECN-broker,
Forex.ee
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Thursday, June 16th
USD/JPY reached the lowest levels since Sept 2014 at 104.01 spot. After Fed as well as BOJ left their interest rates unchanged, the pair has found herself under bearish pressure. Today in data calendar traders will find US CPI data and Philadelphia Fed Manufacturing Index scheduled later in the New York session. At the moment the pair is trading around its todays lows at 104.15 meeting strong resistance near 104 level. Todays support and resistance levels are located at 103.33 and 105.94.
GBP/USD has regained bullish trend and now is trading near its daily lows witnessed at 1.4159. Yesterday the pound got a boost from better-than-expected UK employment data, sending the pair over the level of 1.42. But today the pair remains highly pressured as “Brexit” polls results are showing that “leave” voted participants remains on the lead. Moreover, the pound today got extra selling pressure against its US counterpart on the back of sharp drop in pounds cross with yen as BoJ has left its interest rate unchanged. Looking ahead, today traders will set up their focus on BoE interest rate decision, expectedly leaving it unchanged. Also UK will release today Retail Sales followed by US CPI data and Philadelphia Fed Manufacturing Index. At the moment the pair is trading at 1.4175 with todays approximate support and resistance levels located at 1.3994 and 1.4299.
EUR/USD is moving towards 1.13 level, supported by USD weakness. The pair got major support today from the sharp downslide in the USD cross yen responding on BoJ decision to leave the rate unchanged. Also the pair got some bullish moves after slightly dovish FOMC statement released yesterday. Today in data calendar are scheduled ECB Economic Bulletin and Eurozone CPI followed by US CPI with Philadelphia Fed Manufacturing Index. At the moment the pair is trading at 1.1287 with todays support and resistance levels at 1.1141 and 1.1357.
USD/CHF failed to benefit from SNB Interest Rate Decision and spiked level of the 0.96. The pair was heavy weighed this morning on the back of weakened US dollars positions as Fed and BoJ has left their interest rates flat. As expected The Swiss National Bank has kept the interest rate steady today as SNB board members indicated that there is no need in further easing of monetary policy. However, the pair rose sharply after mention that CHF remains significantly overvalued. Today traders will focus on US CPI with Philadelphia Fed Manufacturing Index for further momentum. At the moment the pair is trading at 0.9597 with todays support and resistance levels located at 0.9549 and 0.9695.
Your European ECN-broker,
Forex.ee
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Friday, June 17th
EUR/USD has consolidated recovered position after yesterdays sharp fall. Now the pair is trading in narrow range near 1.1250 area with slight bearish mood. The pair recovered 130 pips on the back of weakened dollars positions as softer US Core CPI data coupled with yesterdays dovish Fed statement continue to weight US currency. Looking ahead, most likely, the pair will follow the market sentiment today as only Building Permits and ECB President M.Draghi Speech will end up this eventful week. At the moment the pair is trading at 1.1249 with todays support and resistance levels at 1.1052 and 1.1382.
GBP/USD has reversed part of its overnight gains this morning. The pair was heavy supported yesterday after BoE left its Interest Rate Decision unchanged sending the pair towards 1.43 level. However, after the pair met resistance near this level it dipped to this day low at 1,4222. Now traders will shift their attention toward developments surrounded EU referendum scheduled next Thursday. Britain calendar is data free today so traders will find some cues in US Building Permits for further momentum. At the moment the pair is trading at 1.4233 with todays support and resistance levels located at 1.4058 and 1.4348 spots.
USD/CAD is recovering after yesterdays sharp fall from nine-day highs marked at 1.3090. Today the pair is trading with bullish mood as strengthened oil prices with dollars broad based weakness are supporting Canadian currency versus its American neighbor. Today traders will set up their focus on US Building Permits followed by Canadian Core CPI data released during this day. Currently the pair is trading at 1.2924 with todays support and resistance levels at 1.2791 and 1.3174.
USD/JPY is trading under bearish pressure this morning. Yesterday the pair reached almost two-year low around 103.50 level as risk aversion sentiment triggered by uncertainty around “Brexit” heavily weighed the pair. The pair recovered part of its losses but still it will be influenced today by sentiments surrounding upcoming referendum. Amid data dry calendar from Japan, traders will focus their attention on the US Building Permits due later this day. Currently the pair is trading at 104.31 level with todays support and resistance levels at 103.19 and 105.69 marks.
Your European ECN-broker,
Forex.ee
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Monday, June 20th
GBP/USD jumped for more than 100 pips this morning. Today pound bulls are pushing the pair in the north direction as the latest “Brexit” polls results are showing that sentiments surrounded upcoming referendum are changing winds. Now “Remain” voted participants are taking lead sending the pair to nine-day high witnessed today at 1.4623 spot. Amid data dry calendar markets will continue to closely watch for developments surrounding “Brexit” which is scheduled on Thursday, June 23rd. At the moment the pair is easing its positions and trading at 1.4576 with todays support and resistance levels located at 1.4530 and 1.4690.
USD/CAD is losing ground as CAD bulls are gaining major support on the back of higher oil prices. Moreover, broadly increased selling pressure on USD, particularly in crosses with EUR and GPB, is dragging the pair in south direction. Meanwhile, in absence of any major market releases today the pair will stay influenced by oil price changes. Currently the pair is trading at 1.2844, slightly recovering from todays lows. Todays support and resistance levels are located at 1.2760 and 1.3028.
EUR/USD is trading sharply higher today breaking through key resistance level of 1.13 as “Remain” voted participants has taken an advantage in “Brexit” polls results. However, the pair is losing its upside momentum and is trading slightly lower ignoring positive German PPI data released this morning. The pair will remain under influence of “Brexit” developments while the speech of Fed’s member N.Kashkari is scheduled later in the NA session. At the moment the pair is trading at 1.1338 down from todays high marked at 1.1382 spot with todays support and resistance located at 1,1221 and 1.1417.
USD/CHF is trading in narrow range of 15 pips between 0.9580 and 0.9595 levels with uncertain direction this morning as both bulls and bears are fighting for control over the pair. On the one hand, increased risk-on sentiment is weighing Swiss franc status of safe-haven, on the other broadly based dollars sell-off is pushing the pair to the south. Nothing worth is mentioned in data calendar for today so the pair will follow market sentiments. At the moment the pair is trading at 0.9585 with todays support and resistance levels located at 0.9559 and 0.9663
Dear traders Forex.ee is highly recommending You to set up Your risk management taking into account the upcoming UK EU referendum scheduled this Thursday (23nd June) with expected high volatility before and after it!
Your European ECN-broker,
Forex.ee
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Stay informed of the key economic events
Tuesday, June 21st
GBP/USD has broken through key resistance level of 1.47 this morning and now is testing three-week highs over this level. Today the pair is still staying under bullish pressure as the latest “Brexit” polls results are showing slight overweight in “Remain” voted camp. Meanwhile, the main event of this week is coming closer bringing nervousness amid traders causing markets to experience some volatility last days. Looking ahead, today traders will closely watch for developments surrounding upcoming referendum while UK will release CBI Industrial Trends Orders followed by Fed J.Yellen’s testimony. At the moment the pair is trading at 1.4701 level with todays support and resistance levels located at 1,4530 and 1,4889.
USD/JPY is trading under bullish pressure as risk-on sentiments are prevailing over the market this morning. Moreover, earlier this Tuesday the pair once again spiked to this year low at 103.59 spot, but spike faded quickly as dovish comments of Japanese PM Sh.Abe made after latest monetary policy meeting minutes has forced the pair to take moves in north direction. Today in data calendar traders will find only the Fed J.Yellen’s testimony, while new “Brexit” headlines will continue to drive global markets sentiment. At the moment the pair is trading at 104.42 with todays support and resistance levels located at 103.07 and 104.92.
EUR/USD is trading in north direction, after finding decent support at 1.13 level on the back of changing risk sentiment. However, the main driver of markets global sentiment remains upcoming UK referendum. Today, next in focus for the major remains German ZEW Survey followed by the speech of President M.Draghi and J.Yellen’s testimony. Currently the pair is trading at 1.1346 with todays support and resistance levels at 1,1240 and 1,1406.
USD/CAD continues its downslide for the fourth day in a row. Today commodity-linked Canadian currency continues to gain support from higher oil prices. Furthermore, the pair is keeping its downside direction as US dollar remains depressed this Tuesday. Today the pair will stay mostly under influence of oil price changes with Fed J.Yellen’s testimony scheduled later this day. Currently the pair is trading at 1.2779 with todays support and resistance levels at 1.2725 and 1.2897.
Dear traders Forex.ee is highly recommending You to set up Your risk management taking into account the upcoming UK EU referendum scheduled this Thursday (23nd June) with expected high volatility before and after it!
Your European ECN-broker,
Forex.ee
