EUR/USD

Daily Forex analysis EUR/USD by SGT Markets | sgtmarkets.com

Weekly Trend: Bearish

1st Resistance: 1.1240

2nd Resistance: 1.1285

1st Support: 1.1115

2nd Support: 1.1027

3rd Support: 1.0995

 

 

EUR

 

Recent Facts:

22nd of July 2016, German Manufacturing PMI (key indicator of the activity level of purchasing managers in the manufacturing sector as surveyed in Germany)

Better than Expected. Setting a new high from May 2014

 

28th of July, German Unemployment Change

Better than Expected.

 

29th of July, CPI (key preliminary inflation data in Europe)

Higher than Expected. Setting a new high from last February

 

Eyes on today release: German ZEW Economic Sentiment (gauges the six-month economic outlook. The reading is compiled from a survey of about 350 German institutional investors and analysts)

 

 

USD

 

Recent Facts:

21st of July 2016, Existing Home Sales

Better than Expected. Setting a new high from August 2015, which was the highest value of the last 6 years

 

29th of July, Gross Domestic Product QoQ (preliminary)

Worse than Expected. Actual = +1.2%   Expectations were at +2.6%

 

3rd of August, ADP Nonfarm Employment Change

Better than Expected. Continuing the up-trend from last May

 

5th of August, Nonfarm Payrolls and Unemployment Rate

Nonfarm Payrolls Better than Expected (for the second month in a row), Unemployment Rate pared

 

9th of August, United States Nonfarm productivity

Worse than Expected

 

12th of August, U.S. Retail Sales (essential for a better understanding of the Fed’s future interest rates policies)

Worse than Expected

 

Eyes on today release: Building Permits (key indicator of demand in the housing market) and Core CPI Index (measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation)

 

 

GBP/USD

Daily Forex analysis GBP/USD by SGT Markets |sgtmarkets.com

 

Weekly Trend: Bearish

1st Resistance: 1.3080

2nd Resistance: 1.3220

1st Support: 1.2885

2nd Support: 1.2680

 

 

GBP

 

Recent Facts:

22nd of July 2016, UK Services PMI (key indicator of the activity level of purchasing managers in the services sector)

Worse than Expected. Setting a new historical low, the lowest value of the last 7 years

 

27th of July 2016, Gross Domestic Product (preliminary)

Better than Expected

 

4th of August, Bank of England Interest Rates decision (expected a cut)

Bank of England lowers Interest Rates as Expected (record low of 0.25%) and increases purchase program

 

09th of August, Manufacturing Production (measures the change in the total inflation-adjusted value of output produced by manufacturers)

Slightly Worse than Expected

 

09th of August, Trade Balance

Worse than Expected. Setting a new historical low

 

Eyes on today release: UK Consumer Price Index (measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation)

 

 

USD

 

Recent Facts:

21st of July 2016, Existing Home Sales

Better than Expected. Setting a new high from August 2015, which was the highest value of the last 6 years

 

29th of July, Gross Domestic Product QoQ (preliminary)

Worse than Expected. Actual = +1.2%   Expectations were at +2.6%

 

3rd of August, ADP Nonfarm Employment Change

Better than Expected. Continuing the up-trend from last May

 

5th of August, Nonfarm Payrolls and Unemployment Rate

Nonfarm Payrolls Better than Expected (for the second month in a row), Unemployment Rate pared

 

9th of August, United States Nonfarm productivity

Worse than Expected

 

12th of August, U.S. Retail Sales (essential for a better understanding of the Fed’s future interest rates policies)

Worse than Expected

 

Eyes on today release: Building Permits (key indicator of demand in the housing market) and Core CPI Index (measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation)

 

 

 

AUD/USD

Daily Forex analysis AUD/USD by SGT Markets | sgtmarkets.com

 

Weekly Trend: Bearish

1st Resistance: 0.7690

2nd Resistance: 0.7916

1st Support: 0.7510

2nd Support: 0.7420

3rd Support: 0.7200

 

 

AUD

 

Recent Facts:

19th of July 2016, Reserve Bank of Australia Meeting

Possible further easing in the next month to counteract the negative shock from the Brexit vote

 

26th of July, CPI (key inflation data in Australia) pared

 

2nd of August, Interest Rates decision cut to from 1.75% to 1.50% as Expected

 

4th of August, Retail Sales (Jun)

Worse than Expected

 

11th of August, Reserve Bank of New Zealand’s rate statement

Interest rates cut (to 2%) as Expected

 

 

 

USD

 

Recent Facts:

21st of July 2016, Existing Home Sales

Better than Expected. Setting a new high from August 2015, which was the highest value of the last 6 years

 

29th of July, Gross Domestic Product QoQ (preliminary)

Worse than Expected. Actual = +1.2%   Expectations were at +2.6%

 

3rd of August, ADP Nonfarm Employment Change

Better than Expected. Continuing the up-trend from last May

 

5th of August, Nonfarm Payrolls and Unemployment Rate

Nonfarm Payrolls Better than Expected (for the second month in a row), Unemployment Rate pared

 

9th of August, United States Nonfarm productivity

Worse than Expected

 

12th of August, U.S. Retail Sales (essential for a better understanding of the Fed’s future interest rates policies)

Worse than Expected

 

Eyes on today release: Building Permits (key indicator of demand in the housing market) and Core CPI Index (measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation)