Asian and European trading sessions:
Euro: The EUR/USD pair showed minimums in the range of $1,2640. The
released Euro-zone unemployment rate for July turned out to be at its
high level of 10%, just as expected. According to the experts’ opinion,
the ECB will leave the principal rate unchanged during their meeting
this Thursday.
British Pound: The GBP/USD rate decreased to the level of $1,5400.
But the sterling managed to reach maximums of $1.5450 after the release
of the Mortgage approvals for July grew and turned out to be above the
forecast: 48.7K against its forecasted level of 46.5K.
Japanese Yen: The Japanese yen continued its rally against its
competitors against the background of the negative expectations for the
US employment statistics.
New-Zealand Dollar: The New-Zealand dollar rate was under pressure,
since the speculations over the possibility that the principal rate
would not be increased reinforced, due to the slow-down of the world
economy rehabilitation rate.
Oil: The oil rate decreased to the $72.90 mark per barrel.
American trading session:
US Dollar: The Consumer confidence indictor for August was published
on Tuesday, which showed an unexpected growth to 53.5 level against the
forecast of 50.7 and previous month’s level of 51.0. As a result, the
stock market was supported and the greenback dropped against the euro.
Risk appetites increased.
According to the released FOMC minutes, the economic activity in the
second half was predicted to be weaker, than initially expected and
that the recovery may weaken further.
EURUSD
The pair is trading near Fibonacci 23.6% at 1.26326. If the pair
breaks this level and closes below, then the pair may continue
declining.
Resistance: 1.27009, 1.28630, 1.30277
Support: 1.25690, 1.23907, 1.21813
GBPUSD
If the pair stays below 1.54842 the pair will decline to 1.52523. If the pair stays above 1.54842 the pair may rise to 1.56722.
Resistance: 1.54842, 1.56722, 1.58543
Support: 1.52523, 1.50581, 1.48532
USDCHF
The pair has declined to 1.01498.
Resistance: 1.03987, 1.05139, 1.06179
Support: 1.01498, 0,99821, 0,98567
USDJPY
The pair will decline to 83.330 if the pair stays below 84.260.
Resistance: 85.161, 86.246, 87.014
Support: 84.260, 83.330, 82.016
AUDUSD
The pair is aiming to 0.90284.
Resistance: 0.90284, 0.92170, 0.92170
Support: 0.89029, 0.87243, 0.85760
© 2012 Created by yuval.


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