The New-Zealand interest rate was reduced for 50 basic points.
Asian and European trading sessions:
Euro: Euro was strengthening on Wednesday due to the expectations for the strong German economic release. The EUR/USD pair traded in the range of $1,3870-$1,3910. During the European trading session the euro reached maximum at the level of $1,3942.
Successful Portuguese bond placement supported the euro as well, and the expectations for the increase of the Euro-zone interest rate by the ECB reinforced again.
The released German Industrial production increased for 12.5%, which was above the expected level of 11.1%.
US Dollar: US dollar weakened against the background of the optimistic Euro-zone news.
British Pound: British pound managed to grow today after the publication of the strong fundamentals. BRC shop price index demonstrated growth for 2.7%, which rendered support to the sterling.
The GBP/USD pair strengthened above the $1,6200 mark. Its maximums was set at the level of $1,6243.
Japanese Yen: The USD/JPY pair traded around the Y82.70 mark.
Australian Dollar: Australian dollar dropped against the greenback, since the released Australian Home loans showed a considerable unexpected drop. Home loans decreased in January for 4.5% against the forecasted decrease for 1.0% and last month’s growth for 2.1%.
Oil: The oil rate was around the $104 level per barrel.
Gold: Gold rate showed increase to the $1,433.70 price per ounce.
American trading session:
New-Zealand Dollar: According to the announced decision of the Bank of New Zealand, the interest rate was reduced for 50 basic points to 2.50%.
https://forex-metal.com/news_posts
Technical analysis for 10/03
EURUSD
The pair has declined to support level at 1.38554 and aiming to 1.39600.
Resistance: 1.39600, 1.40690, 1.41780
Support: 1.38554, 1.37486, 1.35984
GBPUSD
If the pair stays below 1.62050 the pair will decline to 1.60969. If the pair stays above 1.62050 the pair will rise to 1.63316.
Resistance: 1.62050, 1.63316, 1.64636
Support: 1.60322, 1.58543, 1.56722
USDCHF
The pair wasn’t able to reach 0.93949 and rolling back to 0.92026.
Resistance: 0.93069, 0.93949, 0.96220
Support: 0.92026, 0.91079, 0.89891
USDJPY
The pair has reached 83.065 and rolling back to 82.219.
Resistance: 83.065, 83.933, 84.866
Support: 82.219, 81.399, 80.438
AUDUSD
The pair has broken support 1.00907 and may try to decline to the next level at 1.00067.
Resistance: 1.01744, 1.02705, 1.03535
Support: 1.00907, 1.00067, 0.99207
https://forex-metal.com/news_posts
Asian and European trading sessions:
Euro: Euro was strengthening on Wednesday due to the expectations for the strong German economic release. The EUR/USD pair traded in the range of $1,3870-$1,3910. During the European trading session the euro reached maximum at the level of $1,3942.
Successful Portuguese bond placement supported the euro as well, and the expectations for the increase of the Euro-zone interest rate by the ECB reinforced again.
The released German Industrial production increased for 12.5%, which was above the expected level of 11.1%.
US Dollar: US dollar weakened against the background of the optimistic Euro-zone news.
British Pound: British pound managed to grow today after the publication of the strong fundamentals. BRC shop price index demonstrated growth for 2.7%, which rendered support to the sterling.
The GBP/USD pair strengthened above the $1,6200 mark. Its maximums was set at the level of $1,6243.
Japanese Yen: The USD/JPY pair traded around the Y82.70 mark.
Australian Dollar: Australian dollar dropped against the greenback, since the released Australian Home loans showed a considerable unexpected drop. Home loans decreased in January for 4.5% against the forecasted decrease for 1.0% and last month’s growth for 2.1%.
Oil: The oil rate was around the $104 level per barrel.
Gold: Gold rate showed increase to the $1,433.70 price per ounce.
American trading session:
New-Zealand Dollar: According to the announced decision of the Bank of New Zealand, the interest rate was reduced for 50 basic points to 2.50%.
https://forex-metal.com/news_posts
Technical analysis for 10/03
EURUSD
The pair has declined to support level at 1.38554 and aiming to 1.39600.
Resistance: 1.39600, 1.40690, 1.41780
Support: 1.38554, 1.37486, 1.35984
GBPUSD
If the pair stays below 1.62050 the pair will decline to 1.60969. If the pair stays above 1.62050 the pair will rise to 1.63316.
Resistance: 1.62050, 1.63316, 1.64636
Support: 1.60322, 1.58543, 1.56722
USDCHF
The pair wasn’t able to reach 0.93949 and rolling back to 0.92026.
Resistance: 0.93069, 0.93949, 0.96220
Support: 0.92026, 0.91079, 0.89891
USDJPY
The pair has reached 83.065 and rolling back to 82.219.
Resistance: 83.065, 83.933, 84.866
Support: 82.219, 81.399, 80.438
AUDUSD
The pair has broken support 1.00907 and may try to decline to the next level at 1.00067.
Resistance: 1.01744, 1.02705, 1.03535
Support: 1.00907, 1.00067, 0.99207
https://forex-metal.com/news_posts