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

Thursday, May 12

GBP / USD stepped up their
highs recorded during the Asian session, to the level of 1.44. Now
Traders are waiting for the main releases today from the Bank
England. Today’s inflation report from the Bank of England, given recent indicators,
It will make it possible to revise the policy towards mitigation. Current projections Bank
England are much higher than the market. Yet
Another important event in the calendar, scheduled for today, is the decision
at the refinancing rate of the Bank of England is expected that the Bank of England will leave its
without changes. Currently the pair is trading at 1.4436, testing
some volatility in anticipation of the main newscast. levels
Support and resistance is located at around 1.4350 and 1.4536.

USD / JPY recovered from
a three-day minimum to around 109. The pair continues to expand its highs
that day in connection with the increase in demand riskier assets. The yen was ignored
positive, yesterday’s trade balance data from Japan and continued its
the bullish trend, advancing at the expense of mood predisposed to risk and
strengthening of the dollar in relation to the upcoming release of the US data.
release of unemployment data today are scheduled in the calendar of events and
several interventions by the Fed. Now the pair is trading strongly
bullish pressure on the level of 108.93 with the current levels of support and
resistance, located at around 108.17 and 109.50

EUR / USD in morning trading
a narrow range between 1.1415 and 1.1429 marks, because no
Fundamental events for the pair are scheduled for today. only minor
data will set the mood of today’s pair, the main event for the couple such
preliminary data on GDP for the quarter, from Germany and the European Union,
as well as retail sales, producer price index and the index of sentiment
Consumers from the United States will be published in this Friday. Currently the pair is trading at around
1.1425 from its present levels of support and resistance, located on
marks 1.1334 and 1.1492

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