FOREX News and Overnight Technical Levels - August 20th

[B][U]Fundamental Headlines[/U][/B]

  • [B]NZDUSD[/B] - July visitor arrivals decline 1.8 percent on the month over month.
  • [B]USDJPY [/B]- Japanese Finance Minister Omi sides with Fed action, states that central bank is taking appropriate action.
  • [B]GBPUSD[/B] - UK August Rightmove house prices rise 0.6 percent on the monthly comparison, advances by 12.8 percent, higher than the 10.3 percent in the previous month.
  • [B]USDCHF[/B] - Producer and import prices advance 2.8 percent on the year over year, lower than expected as the consensus was looking for a 3 percent annualized rate or growth.
  • [B]Asian regional markets[/B] skyrocket following discount rate cut by the Federal Reserve. Gains were seen in Hong Kong, Singapore and Shanghai.
  • [B]China [/B]allows individual investors to trade through Hong Kong shares on trial basis.

-Richard Lee, Currency Strategist