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  • #201
  • Aug 29, 2016 5:20am Aug 29, 2016 5:20am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Monday, August 29th

EUR/USD

Current price: 1.1185 (-0.1%)
Session range: Open 1.1178 High 1.1209 Low 1.1172
Latest trend: Bearish
Expected trend: Bullish
Daily volatility: Moderate
Support and resistance levels: S. 1.1077 R. 1.1397
Main drivers: US Core PCE Price Index, US Personal Spending
Overview: The Euro is trying to fight back part of its positions against its American counterpart this morning testing the level of 1.1200 after major slide down to 1.1179 spot. However, the markets are still digesting Friday’s hawkish J.Yellen’s speech thereby fueling dollar bulls and leaving the pair under pressure. Moreover, today UK markets are closed due to Bank Holiday taking away part of volatility across the market.

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  • #202
  • Aug 30, 2016 4:48am Aug 30, 2016 4:48am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Tuesday, August 30th

EUR/USD

Current price: 1.1168 (-0.2%)
Session range: Open 1.1189 High 1.1193 Low 1.1155
Latest trend: Bearish
Expected trend: Bullish
Daily volatility: Moderate
Support and resistance levels: S. 1.1136 R. 1.1234
Main drivers: US CB Consumer Confidence
Overview: Currently the common currency is still losing positions against its American counterpart, sliding down for nearly 200 pips since Friday Fed Chairwoman J.Yellen’s hawkish speech at Jackson Hole Symposium. Furthermore, fresh wave of speculations around this year Fed rate-hike is supporting further growth of the American currency across the board.

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  • #203
  • Aug 31, 2016 4:53am Aug 31, 2016 4:53am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Wednesday, August 31st

EUR/USD

Current price: 1.1140 (0.0%)
Session range: Open 1.1142 High 1.1163 Low 1.1129
Latest trend: Bearish
Expected trend: Bearish
Daily volatility: Moderate
Support and resistance levels: S. 1.1094 R. 1.1216
Main drivers: EU CPI, US ADP Nonfarm Employment Change, US Pending Home Sales
Overview: Seems that USD bulls are slowly running out of steam allowing the pair to retreat from session lows. Today the pair won’t stay immovable as Euroland will post several local releases with German Unemployment Change and EMU’s CPI during Europe session. Moreover, today US will also add some oil into the fire by showing significant data from housing market thereby adding some directional impetus to the pair.

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  • #204
  • Sep 1, 2016 5:22am Sep 1, 2016 5:22am

Daily economic digest from Forex.ee

Stay informed of the key economic events

Thursday, September 1st

GBP/USD

Current price: 1.3141 (0.0%)
Session range: Open 1.3137 High 1.3156 Low 1.3128
Latest trend: Bullish
Expected trend: Bearish
Daily volatility: Low
Support and resistance levels: S. 1.3024 R. 1.3268
Main drivers: UK Manufacturing PMI, US ISM Manufacturing PMI
Overview: Despite that the pound is still growing against its American peer, pairs bullish impetus is running of steam forcing the pair to consolidate near mid-1.3100 level. Moreover, upcoming UK Manufacturing PMI is also taking away part of volatility as traders are staying vigilant expecting to see growth in activity level of purchasing managers in the manufacturing sector despite Brexit-vote outcome.


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  • #205
  • Sep 2, 2016 6:33am Sep 2, 2016 6:33am

Daily economic digest from Forex.ee

Stay informed of the key economic events

Friday, September 2nd

GBP/USD

Current price: 1.3274 (0.1%)
Session range: Open 1.3268 High 1.3294 Low 1.3265
Latest trend: Bullish
Expected trend: Bearish
Daily volatility: Low
Support and resistance levels: S. 1.3047 R. 1.3427
Main drivers: UK Construction PMI, US Nonfarm Payrolls, US Unemployment Rate.
Overview: The pair looks extremely strong today, as bulls remain winged on the back of upbeat data form UK and disappointing PMI figure from US side. Currently the pair is navigating to the level of 1.3300 gaining more than 2 cents since weekly lows witnessed near 1.3165 spot. However, in the nearest future we won’t see any sharp rally as upcoming NFP is tying up traders hands limiting pair’s actions.


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  • #206
  • Sep 5, 2016 5:20am Sep 5, 2016 5:20am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Monday, September 5th

GBP/USD

Current price: 1.3300 (0.0%)
Session range: Open 1.3300 High 1.3329 Low 1.3290
Latest trend: Bullish
Expected trend: Bullish
Daily volatility: Low
Support and resistance levels: S. 1.3198 R. 1.3398
Main drivers: UK Services PMI
Overview: Currently the pound is trading on a firm note against American currency on the back of broadly based dollars’ sell-off seen after poor data from US labor market released last Friday. However, talks around further Fed rate-hike have limited pairs rally, sending it back to the region of 1.3300 spot. Today traders will closely watch for UK Services PMI, taking into account that both previous manufacturing and construction PMIs’ have showed positive data.



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  • #207
  • Sep 6, 2016 5:47am Sep 6, 2016 5:47am

Daily economic digest from Forex.ee

Stay informed of the key economic events

Tuesday, September 6th

AUD/USD

Current price: 0.7638 (0.7%)
Session range: Open 0.7584 High 0.7656 Low 0.7580
Latest trend: Bullish
Expected trend: Bullish
Daily volatility: Moderate
Support and resistance levels: S. 0.7540 R. 0.7648
Main drivers: US ISM Non-Manufacturing PMI, Australian GDP
Overview: Today RBA has left its cash rate flat at record low level 1.5% leaving bulls unimpressed by uneventful decision. However, the pair has performed moderate growth over the Asia as RBA in its monetary policy announcement provided traders with neutral hints of Australian economic growth. Moreover, positive data from Australian released earlier also has breathed in some bullish sentiment to the pair. Now all focus shifts to data from US that will be released in NY session and Australian GDP that will also set up further pair’s direction. But for now markets will continue to digest RBA monetary policy decision leading the pair in north direction.

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  • #208
  • Sep 7, 2016 5:29am Sep 7, 2016 5:29am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Wednesday, September 7th

EUR/USD

Current price: 1.1245 (-0.1%)
Session range: Open 1.1255 High 1.1266 Low 1.1233
Latest trend: Bearish
Expected trend: Bearish
Daily volatility: Moderate
Support and resistance levels: S. 1.1097 R. 1.1341
Main drivers: US JOLTs Job Openings
Overview: Currently the pair is consolidating its gains earned after poor American fundamentals and is trading around flat line near the level of 1.1250. The euro bears have ignored todays negative German Industrial Production data as US dollar is still suffering from broadly based sell-off seen since the beginning of this week. However, the pair has lost its upside momentum today facing resistance at 1.1260 as speculation about Fed interest rate-hike in this year have limited pairs growth.


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  • #209
  • Sep 8, 2016 5:14am Sep 8, 2016 5:14am

Daily economic digest from Forex.ee

Stay informed of the key economic events


Thursday, September 8th

EUR/USD

Current price: 1.1267 (0.3%)
Session range: Open 1.1238 High 1.1271 Low 1.1234
Latest trend: Bullish
Expected trend: Bullish
Daily volatility: Moderate
Support and resistance levels: S. 1.1203 R. 1.1289
Main drivers: EU Deposit Facility Rate, EU Interest Rate Decision, Speech of ECB President M.Draghi
Overview: The dollar extends its weakness witnessed since the beginning of this week this time suffering from US PMI from ISM released last Tuesday. The pair continues to consolidate its gains currently hovering near the level of 1.1250 as traders are refraining from making important decisions on the back of upcoming ECB Interest Rate Decision followed by M.Draghi’s Speech. Most probably, ECB will leave its rate unchanged but M.Draghi’s comments definitely will be closely watched in view of EU economy growth and inflation outlook.

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  • #210
  • Sep 9, 2016 5:49am Sep 9, 2016 5:49am

Daily economic digest from Forex.ee

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Friday, September 9th

EUR/USD

Current price: 1.1271 (0.1%)
Session range: Open 1.1257 High 1.1286 Low 1.1257
Latest trend: Bearish
Expected trend: Bearish
Daily volatility: Low
Support and resistance levels: S. 1.1181 R. 1.1367
Main drivers: Speech of FOMC Member E.Rosengren, Speech of FOMC Member R.Kaplan, Eurogroup Meetings.
Overview: Currently the pair is keeping its steady recovery mode refreshing daily highs near the region of 1.1280, as the dollar remains defensive this morning. Yesterday the pair rose on expectations of ECB Interest Rate Decision climbing above 1.1300 handle. However, the pair lost its ground facing strong resistance near the level of 1.1330 after ECB disappointing announcement of lowering its projections for further inflation growth.


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  • #211
  • Sep 12, 2016 5:01am Sep 12, 2016 5:01am

Daily economic digest from Forex.ee

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Monday, September 12th

GBP/USD

Current price: 1.3275 (0.1%)
Session range: Open 1.3269 High 1.3287 Low 1.3254
Latest trend: Bearish
Expected trend: Bullish
Daily volatility: Low
Support and resistance levels: S. 1.3183 R. 1.3375
Main drivers: FOMC Member L.Brainard Speech
Overview: The pair GBP/USD now is re-attempting to take back the level of 1.3300 after solid rally seen last Friday after hawkish comments of Fed E.Rosengren. However, following dovish speech of Fed N.Kashkari has limited pairs downside jerk and now is supporting the pair as markets are still digesting his announcement that monetary policy is doing what it can to support US economic growth. Today traders will await for speech of Fed Governor L.Brainard for another dose of speculative impetus.

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  • #212
  • Sep 13, 2016 5:31am Sep 13, 2016 5:31am

Daily economic digest from Forex.ee

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Tuesday, September 13th

GBP/USD

Current price: 1.3317 (-0.1%)
Session range: Open 1.3336 High 1.3342 Low 1.3312
Latest trend: Bearish
Expected trend: Bullish
Daily volatility: Moderate
Support and resistance levels: S. 1.3193 R. 1.3417
Main drivers: UK CPI
Overview: Currently the pound is losing ground sliding down from its consolidative corridor to its daily lows towards the level of 1.3300, as US currency is gathering pace in early Europe. However, the upcoming UK CPI is limiting pairs moving range as traders refrain to make important decisions, as it remains the most risky event of this Tuesday. Moreover, further downside move appears capped as markets are still digesting yesterday’s dovish comments of Fed Governor L.Brainard, as she noted that Fed shouldn’t rush on rate rising.


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  • #213
  • Sep 14, 2016 5:02am Sep 14, 2016 5:02am

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Wednesday, September 14th

GBP/USD

Current price: 1.3212 (0.1%)
Session range: Open 1.3190 High 1.3229 Low 1.3166
Latest trend: Bullish
Expected trend: Bullish
Daily volatility: Moderate
Support and resistance levels: S. 1.3059 R. 1.3405
Main drivers: UK Average Earnings Index +Bonus, Claimant Count Change
Overview: Currently the pound is attempting to recover part of its losses after yesterday’s aggressive sell-off. Yesterday the major lost nearly two cents on the back of poor UK CPI refreshing 8-day lows at 1.3167 spot. However, the pound has met fresh bid tone today as traders are performing profit-taking actions this morning coupled with renewed risk-on sentiments that are supporting UK currency and pushing it higher above the level of 1.3200.

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  • #214
  • Sep 15, 2016 5:37am Sep 15, 2016 5:37am

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Thursday, September 15th

GBP/USD

Current price: 1.3237 (0.0%)
Session range: Open 1.3235 High 1.3280 Low 1.3199
Latest trend: Bearish
Expected trend: Bullish
Daily volatility: High
Support and resistance levels: S. 1.3100 R. 1.3306
Main drivers: UK Interest Rate Decision, BoE MPC Meeting Minutes, US Retail Sales, US PPI, Philadelphia Fed Manufacturing Index
Overview: The GBP/USD pair has retreated from its today high posted at 1.3278 spot and now is wobbling near the mid-1.3200 level. The pair is moving in north direction for the second session in a row after refreshing August lows at 1.3140 level ahead of major event of this week – BOE Interest Rate Decision followed by MPC Meeting Minutes. Currently traders are staying in stay-and-see mode anticipating for fresh comments regarding post-Brexit concerns.



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  • #215
  • Sep 16, 2016 5:19am Sep 16, 2016 5:19am

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Friday, September 16th

GBP/USD

Current price: 1.3215 (-0.2%)
Session range: Open 1.3237 High 1.3248 Low 1.3191
Latest trend: Bearish
Expected trend: Bearish
Daily volatility: Moderate
Support and resistance levels: S. 1.3132 R. 1.3330
Main drivers: US Core CPI
Overview: Currently the pair is staying in its consolidative phase amid lack of momentum as most of Asian markets remain closed. Seems that pounds bulls are out of steam at the start of European session, after disappointing data from US economy seen yesterday. However, the pound is still experiencing slight pressure as markets are still digesting yesterdays BOE meeting outcome.


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  • #216
  • Sep 19, 2016 5:22am Sep 19, 2016 5:22am

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Monday, September 19th

EUR/USD

Current price: 1.1156 (0.0%)
Session range: Open 1.1156 High 1.1174 Low 1.1152
Latest trend: Bearish
Expected trend: Bearish
Daily volatility: Low
Support and resistance levels: S. 1.1084 R. 1.1284
Main drivers: None
Overview: Currently the pair is retreating from its daily top posted at 1.1173 spot as markets are still digesting Friday’s strong US figures. However, the American dollar remains highly pressured today despite positive US CPI data as the probability of Fed rate hike this Wednesday is only 12%, while chances of rate hike in December remain under 50%. Today amid absence of releases from Euroland, the pair will follow the global market sentiments that are driven lately by expectations of Fed Interest Rate decision.


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  • #217
  • Sep 20, 2016 5:39am Sep 20, 2016 5:39am

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Tuesday, September 20th

EUR/USD

Current price: 1.1188 (0.1%)
Session range: Open 1.1175 High 1.1214 Low 1.1168
Latest trend: Bullish
Expected trend: Bearish
Daily volatility: Low
Support and resistance levels: S. 1.1126 R. 1.1220
Main drivers: US Housing Starts, US Building Permits
Overview: The pair has performed sharp upsurge breaking through the level of 1.1200 as aggressive sell-off sentiments have gripped the dollar in early Europe. Moreover, seems that markets have majorly ignored poor German PPI this morning providing no bearish impetus to the euro. However, amid of absence of any fundamental releases from Euroland the pair will follow market sentiments that are mainly driven by speculations of Fed rate hike this Wednesday, while US will provide data from housing market later in NY session.

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  • #218
  • Sep 21, 2016 5:22am Sep 21, 2016 5:22am

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Wednesday, September 21st

USD/JPY

Current price: 102.29 (0.6%)
Session range: Open 101.70 High 102.81 Low 101.01
Latest trend: Bearish
Expected trend: Bearish
Daily volatility: Moderate
Support and resistance levels: S. 101.22, R. 102.30
Main drivers: Fed Interest Rate Decision, Speech of Fed Chair J.Yellen.
Overview: Today the pair witnessed a huge swing after BOJ has announced its decision to keep benchmark rate unchanged during its policy review meeting refreshing its 4-week lows in region of 101.01 level. However, the pair has bounced back to its 5-day highs posted at 102.78 as BOJ has showed readiness of monetary policy further easing until inflation exceeds the level of 2%. Later in NY session the Fed monetary policy decision that could determine further near-term direction for the pair will take center stage.

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  • #219
  • Sep 22, 2016 5:37am Sep 22, 2016 5:37am

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Thursday, September 22nd

EUR/USD

Current price: 1.1232 (0.4%)
Session range: Open 1.1188 High 1.1250 Low 1.1183
Latest trend: Bullish
Expected trend: Bearish
Daily volatility: Low
Support and resistance levels: S. 1.1095 R. 1.1243
Main drivers: Speech of the ECB President M.Draghi, US Existing Home Sales
Overview: Finally, the major breaks through its key resistance level of 1.1200 as European session opens doors. Yesterday market participants remained unsatisfied by dovish FOMC Statement that left situation around this year Fed rate hike even more unclear as it was before. Moreover, yesterday as it was expected the Fed left its interest rate unchanged adding some bearish momentum to the dollar.


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  • #220
  • Sep 23, 2016 5:33am Sep 23, 2016 5:33am

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Friday, September 23rd

EUR/USD

Current price: 1.1197 (-0.1%)
Session range: Open 1.1208 High 1.1220 Low 1.1193
Latest trend: Bearish
Expected trend: Bullish
Daily volatility: Low
Support and resistance levels: S. 1.1143 R. 1.1289
Main drivers: None
Overview: Seems that euro bulls remained unimpressed by mixed data from Eurozone. Currently the euro has lost its smile and retreats to the red zone printed near the level of 1.1200 down from this session highs marked at 1.1220 as Eurozone preliminary PMI and several local releases has shown mixed results this morning. Most likely, today the pair will stay in mercy of global market sentiment as nothing important in scheduled for the end of this week.


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