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Forex today: markets are calm

Forex today: markets are calm
админ
24/04/2018
forex 5 300x150 - Forex today: markets are calm
  • The USD reached the highest level since January 2018. However, could not stick at new highs and slightly fell. The US dollar index is still at a good level near $90.70. CB Consumer Confidence will be released today. A forecast is negative. If an actual data is greater than the forecast, the greenback will make new records.
  • As the situation in the political and economic arena has not changed a lot, there are no significant changes in currency’s movements. Pound, yen, New Zealand dollar continue to depreciate versus the greenback.
  • EUR/USD is trading around 100-day MA. The further movement will depend on strength of bulls and bears. If bulls are able to pull the pair above the MA, the pair will rise to the pivot point at 1.2231. If bears are stronger, EUR/USD will fall further to the support at 1.2172. No crucial data are anticipated today.

1524558371 ece6c3cfd6736c88dad910dc12d69721 1200x1200 q90v3 - Forex today: markets are calm

  • The Australian dollar managed to turn around. A previous trading day was bad for the aussie. The AUD/USD pair plunged to the lowest level since the end of December 2017. The aussie might fall further today as CPI and Trimmed Mean CPI data were not strong. AUD/USD almost reached the support at 0.7574 but rebounded. Bulls should be more active to break the pivot point at 0.7628. There is a high possibility of the return to the support at 0.7574.

1524558405 bbdfbddd46f7c37498b1971206983a6d 1200x1200 q90v3 - Forex today: markets are calm

1524558415 875612112b44805221d72d28a5294877 1200x1200 q90v3 - Forex today: markets are calm

  • Oil is rising because of an unstable environment in the Middle East. A conflict between Saudi Arabia and Yemen is extending. On Monday talks about a death of a head of the Houthi Supreme Political Council appeared. Houthis accuse Saudi Arabia of this death. As a result, oil surged. Brent hit highs of November 2014, the oil benchmark is above $75; WTI rose as well, the commodity is above $69.
  • Oil is making new records, so the Canadian dollar managed to increase a little bit. After the 4-day rise, the USD/CAD pair turned around, but the trade is not extensive. If USD/CAD breaks the resistance at 2.2870, it will move further to 1.2945. If bears are strong enough, the pair will reach the support at 1.2805. No important data is anticipated today. Tomorrow a BOC’s governor Mr. Poloz will give a speech before the Standing Senate Committee on Banking, Trade and Commerce (11:15 MT time).

1524558451 bd82db647f8628d84c81f807d5b0e017 1200x1200 q90v3 - Forex today: markets are calm

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news
24/04/2018
админ
Related ItemsAustralian dollarbullscommodityCPIcurrencydollar indexeconomicEURforexmarketsNew ZealandOilPoundrisetradetradingtrading dayUSUS dollar

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