Forex ee Economic Daily Digest

Forex.ee: Economic Daily Digest

Daily Digest of economic Forex.ee

Keep an eye on major economic news with us

Tuesday, June 14

GBP / USD It was trading in a bearish
trend this morning against the backdrop of the upcoming referendum in the UK. Couple
feel a lot of pressure, because the number of voters in favor of the country’s output
EU remains leading. Also today, traders will focus their
attention to data on the UK index of consumer prices, followed by
The volume of retail sales from the US. The pair is currently trading at
1.4175 with the current support and resistance levels located at elevations
1.4024 and 1.4446.

USD / CHF slightly recovered from
yesterday’s fall as the dollar has stopped its downward movement against
major currencies. Nevertheless, it is expected that the pair growth will be limited, as
upcoming referendum in the UK “pushes” of traders in a less risky
assets such as the Swiss franc. Today, traders will focus their
attention to the upcoming data on the price index of manufacturers in Switzerland and data
retail sales from the United States, represented in the course of the day. Now
the pair is trading at 0.9640 with support and resistance levels,
located at around 0.9600 and 0.9698.

EUR / USD It is trading below the level of 1.13,
It is moving in a southerly direction as the dollar strengthens its position on the
its main competitors. However, the fall in the pair today will be limited,
as market participants are likely to remain in anticipation of the Fed Solutions
interest rate, scheduled for tomorrow. Nevertheless, today traders will
waiting for data on industrial production in the euro area and reports on
retail sales from the US. At the moment the pair is trading at 1.1270, advancing
below, in the southern direction. Today’s support and resistance levels
located at around 1.1203 and 1.1347.

USD / CAD able to restore
some of their positions and now the pair is trading around today’s highs,
marked at the level of 1.2848 as the dollar strengthens its position on the entire range
market. the couple also received little support against the backdrop of prices easing
oil, thereby ‘weighing’ the Canadian currency relative to its US
neighbor on Tuesday. Today, traders will focus their attention on the reports
retail sales from the US and a week’s supply of crude oil according to
The American Petroleum Institute. The pair is currently trading at 1.2835 with
support and resistance levels, located at around 1.2719 and 1.2897.

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