Daily Economic Digest from Forex.ee

Daily Digest of economic Forex.ee

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Tuesday,
The 4th of October

GBP/USD

current
price: 1.2773
(-0.5%)

Range: at
the opening of 1.2842 Max. 1.2861 Min. 1.2756

All trend: down

expected
trend: Downward

expected
volatility: low

levels
support and resistance: P. S. 1.2737 1.2997

main
developments: Index
business activity in the UK construction sector, a member of the FOMC It Dzh.Lakera

Overview: Today
Pound remains under heavy bearish pressure after comments
British Prime Minister T.Mey that country's exit from the EU process
It may begin as early as the end of March next year. At the time of writing, the pair is already
I lost nearly two cents from the beginning of this week, updating the post-Referendum
lows below 1.2800 mark. In addition, the strong position of the dollar as
stimulate a pair of bears, as the markets are still discussing the strengths
the results of America's growth in the industrial sector, which had been submitted
yesterday. Now traders have focused their attention on the upcoming data from the UK,
which can change the trajectory of the pair in the case of positive results.

EUR/USD

current
price: 1.1174
(-0.3%)

Range: at
the opening of 1.1211 Max. 1.1217 Min. 1.1165

All trend: down

expected
trend: Downward

expected
volatility: low

levels
support and resistance: P. S. 1.1158 1.1258

main
developments: speech
FOMC member Dzh.Lakera

Overview:
Euro remains weak in relation to its main competitor today,
thereby causing the pair to continue their downward movement in the background
consumer interest in the American currency. The dollar still retains
a positive attitude across the board as traders continue
discuss the positive results of yesterday's reports from the United States, which, in their
turn, increase the likelihood of the Fed raising the refinancing rate in the
year. Given the lack of major releases today the pair will remain under the influence of general market
mood and the latest news on the situation regarding the Deutsche bank.

USD/JPY

current
price: 102.37
(0.7%)

Range: at
opening 101.64 Max. 102.49 Min. 101.56

All trend: ascending

expected
trend: Downward

expected
volatility: low

levels
support and resistance: P. S. 100.96 102.83

main
developments: speech
FOMC member Dzh.Lakera

Overview:
The dollar / yen is gaining bullish momentum, updating the two-week highs,
against the background of increased investor interest in risky assets, which was caused by
latest headlines regarding the exit of Great Britain from the EU. The pair continues
go for the sixth session in a row in a northerly direction, crossing the key
the resistance level at 102.00. Moreover, the positive results
US Economy, published yesterday, also support the couple on Tuesday.
Today, in view of an empty calendar data pair will remain under the influence of predisposition
investors in risky assets.

AUD/USD

current
price: 0.7656
(-0.2%)

Range: at
the opening of 0.7673 Max. 0.7691 Min. 0.7647

All trend: down

expected
trend: Downward

expected
volatility: moderate

levels
support and resistance: P. S. 0.7623 0.7705

main
developments: speech
FOMC member Dzh.Lakera

Overview:
After today's meeting RBA
interest rate remained at its lowest level of 1.5%, leaving
Australian bulls are not impressed with the decision of the members of the Australian bank. how
expected, the RBA left its interest rate unchanged, noting that
the rate will remain unchanged until the economy reaches the target
inflation. Today the pair remains without a clear predetermined path, whilst
the market will continue to discuss solutions for the RBA interest rate. Nothing important
scheduled in the calendar for a couple on this Tuesday, in addition to the speech of FOMC members Dzh.Lakera
and Australian retail sales, which are expected early next Asian
session.

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