28 April, 2017
Greenback became weaker since Gross Domestic Product of the first quarter has grown 0.7% annualized, comparing to Q4’s 2.1%. The currency is soft versus Pound, Euro and Swiss Franc, but firm versus Australian dollar, Japanese Yen and Loonie. The last one staged some intense sell off due to the news concerning US membership in NAFTA and also because of decline in oil prices...
The US economy grew at its weakest pace in the last three years in Q1. Data of the Commerce Department showed that the gross domestic product grew by 0.7% on an annualized basis. This is the weakest indicator since the first quarter of 2014. The economists' forecasts for overall growth ranged from 0% to 2.2%. The GDP estimate is the first of three for the quarter, the remaining issues are scheduled for May and June...
The European major currencies are trading higher after data from the euro area and the UK. The euro has strengthened significantly after release of the Eurozone CPI data. Prices rose more than expected in April, while the consumer price index rose to 1.9% year-on-year. Core inflation increased by 0.4% to 1.2%...
DAX is calm, as it’s trading at 12,446.25. As of data, German Retail Sales fell to 0.1% and Consumer Price Index Flash Estimate rose to 1.9%. The United States will show Advance Gross Domestic Product. Eurozone inflation is showing some positive results, and it’s projected to reach 1.9%. Shrugging off this fact, the ECB refuse altering its interest rate, which will be held at +0%. QE program will also remain untouched...
The GBP/USD pair has increased. Offers are at 1.2950, sell orders are at 1.2960, 1.2975 and 1.3000, selling interest is moved at 1.3020, 1.3050 and 1.3080, offers and stops are at 1.3100. Bids are at 1.2900, 1.2885 and 1.2860-65, buy orders are awaited at 1.2830, 1.2800 and 1.2775-80, buying interest should appear in a range of 1.2750-60, 1.2720 and 1.2700. Today’s running out option: 1.2650, 1.2700, 1.2800, 1.2850, 1.2875, 1.2900, 1.2920, 1.2925 and 1.3000...
The European single currency remains stable at the end of the week, and is trading at 1.0890. Traders should be ready for some movement of the EUR/USD pair today, as the week ends with a lot of events in the euro area and the US. The US will publish the Preliminary GDP with a forecast of 1.3%. Also, data from the euro area on the CPI are expected...
Trading of the cross remains neutral. 0.8413 minor support is in the spotlight. Sustained breach in that place will argue conclusion of the recoil from 0.8312. In this case, trading will turn up on downside towards 0.8303 support. Following pivot points include: (S1) 0.8394; (P) 0.8445; (R1) 0.8474...
The euro/aussie pair continues to lose upside momentum ahead of key resistance 1.4721. Pivot points are at: (S1) 1.4526; (P) 1.4583; (R1) 1.4617...
Trading in the pair stays on the upside for resistance 144.77, considering minor support 142.49. Pivot points are at: (S1) 142.76; (P) 143.32; (R1) 144.12...
Trading character of the cross is neutral towards consolidation under temporary top of 121.97. 118.91 support must fill the downside and cause further lift. Following pivot points include: (S1) 120.40; (P) 121.14; (R1) 121.69...
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