Positive corporate US reports support the risk sentiments.
Asian and European trading sessions.
Euro: The successful Greek bond auction continued to have a positive impact on the euro dynamics on Wednesday. Nevertheless, the released European fundamentals during the European session pressured the euro temporarily. The Euro-zone industrial production annualized grew for only 9.4% when the forecasted growth showed the 11.4% increase.
The EUR/USD pair traded in the range of $1,2690-$1,2730.
US Dollar: The quarterly report of Intel showed unexpectedly high profits. The net profits of the corporation amounted to $2,9 billion. As a result, the demand for the safe-heaven currencies dropped and the US dollar rate decreased against the major competitors.
British Pound: The pound reached its 2-month maximum against the US dollar at the level of $1.5290 as the released jobless claims unexpectedly dropped in June for 20,800 thousand.
Japanese Yen: The yen dropped against the background of the increased demand for the high-risk currencies.
Oil: The oil rate decreased to $76.85 per barrel.
Gold: Gold prices also dropped to $1,208.40 level per troy ounce.
American trading session.
US Dollar: The greenback decreased against the major currencies. At the same time the released US retail sales and the import price indices dropped.
Technical Analysis
EURUSD
The pair has reached Moving Average (100) at 1.2779.
Resistance: 1.2863, 1.3028, 1.3229
Support: 1.2701, 1.2569, 1.2391
GBPUSD
The pair is trading near resistance 1.5252. If this resistance will be broken the pair will rise up to 1.5484.
Resistance: 1.5252, 1.5484, 1.5672
Support: 1.5058, 1.4853, 1.4668
USDCHF
If the pair breaks 1.0514, the pair will decline to 1.0439.
Resistance: 1.0514, 1.0618, 1.0726
Support: 1.0439, 1.0380, 1.0275
USDJPY
The pair couldn’t stay above 88.64 and started to decline.
Resistance: 88.64, 90.04, 91.25
Support: 87.01, 85.16, 84.26
AUDUSD
The pair has broken 0.8724 and aiming to 0.8903.
Resistance: 0.8903, 0.9028, 0.9177
Support: 0.8724, 0.8576, 0.8424
Asian and European trading sessions.
Euro: The successful Greek bond auction continued to have a positive impact on the euro dynamics on Wednesday. Nevertheless, the released European fundamentals during the European session pressured the euro temporarily. The Euro-zone industrial production annualized grew for only 9.4% when the forecasted growth showed the 11.4% increase.
The EUR/USD pair traded in the range of $1,2690-$1,2730.
US Dollar: The quarterly report of Intel showed unexpectedly high profits. The net profits of the corporation amounted to $2,9 billion. As a result, the demand for the safe-heaven currencies dropped and the US dollar rate decreased against the major competitors.
British Pound: The pound reached its 2-month maximum against the US dollar at the level of $1.5290 as the released jobless claims unexpectedly dropped in June for 20,800 thousand.
Japanese Yen: The yen dropped against the background of the increased demand for the high-risk currencies.
Oil: The oil rate decreased to $76.85 per barrel.
Gold: Gold prices also dropped to $1,208.40 level per troy ounce.
American trading session.
US Dollar: The greenback decreased against the major currencies. At the same time the released US retail sales and the import price indices dropped.
Technical Analysis
EURUSD
The pair has reached Moving Average (100) at 1.2779.
Resistance: 1.2863, 1.3028, 1.3229
Support: 1.2701, 1.2569, 1.2391
GBPUSD
The pair is trading near resistance 1.5252. If this resistance will be broken the pair will rise up to 1.5484.
Resistance: 1.5252, 1.5484, 1.5672
Support: 1.5058, 1.4853, 1.4668
USDCHF
If the pair breaks 1.0514, the pair will decline to 1.0439.
Resistance: 1.0514, 1.0618, 1.0726
Support: 1.0439, 1.0380, 1.0275
USDJPY
The pair couldn’t stay above 88.64 and started to decline.
Resistance: 88.64, 90.04, 91.25
Support: 87.01, 85.16, 84.26
AUDUSD
The pair has broken 0.8724 and aiming to 0.8903.
Resistance: 0.8903, 0.9028, 0.9177
Support: 0.8724, 0.8576, 0.8424