Data released:
08:30 GMT UK Industrial Production (MoM) (Aug) -1.1% 0.4% 0.1%
08:30 GMT UK Industrial Production (YoY) (Aug) -1.5% -0.6% -1.1%
08:30 GMT UK Manufacturing Production (MoM) (Aug) -1.2% 0.4% 0.2%
08:30 GMT UK Manufacturing Production (YoY) (Aug) -0.2% 1.0% -0.3%
08:30 GMT UK Total Trade Balance (Aug) £-3.320B £-2.050B £-3.449B
08:30 GMT UK Trade Balance; non-EU (Aug) £-4.351B £-3.800B £-4.781B
The main currencies trades with losses on Wednesday, as U.S. politicians remained at loggerheads and market patience began to wear thin. Europe sagged even as expectations that President Barack Obama will nominate Janet Yellen as chairman of the Federal Reservet.
EURO
The euro fell despite strong EU news amid message about Barack Obama will nominate Janet Yellen today
German Industrial Production rose 1.4% in August, compared with the 1.1% drop in July.
EUR/USD has tested support at $1.3520 (23.6% Fibo of the $1.3100 - $1.3640 rally). Below $1.3460 (Sep 25 low) support is around $1.3400. Above recent highs resistance is near yearly high on $1.3712.
POUND
The industrial and manufacturing production disappointed investors, contracting at an annual pace of 1.5% and 0.2%, respectively.
The trade deficit also missed the median, shrinking to £9.625 billion vs. £9.0 billion expected, albeit lower than July’s £9.941 billion.
GBP/USD has reached support at $1.5950 (Sep 24 lows). Initial resistance comes at $1.6120 (Oct 8 high). Above $1.6260 (Oct 1 high) resistance is around $1.6340 (Jan 2 highs).
YEN
The yen remains under pressure amid general dollar’s weakness.
USD/JPY recovered to Y97.40 before retreated a bit. Above resistance comes at Y97.80 (earlier broken support line from Jun 13), then - at Y98.70 (last Tuesday’s high). Support comes at Y96.80 (Asian lows), below - at Y96.50 (Monday’s lows) and Y95.80 (Aug 8 lows).
DATA PREVIEW
Комментариев нет:
Отправить комментарий