Forex.ee: Daily economic news digest

Daily economic digest from Forex.ee
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Wednesday, June 17^th

^{USD/JPY was going up in Asia this morning after mixed data from Japan. Yen weakened despite narrower trade balance deficit, which was 10B less than expected at -216B. The pair is located at 123.57 after today’s highest of 123.60. The pair can find support at 122.45 and resistance at 123.89.}

^{NZD/USD spiked up to 0.6993 after strong current account data, but eventually continued its fall to the current level of 0.6963. The expectations of Fed indicating the rate hike timing are likely to prevail in today’s trade, which will greatly affect the pair’s movement depending on the changes in  demand for the U.S. dollar.}

^{AUD/USD fell considerably this morning amid iron ore falling prices. Currently traded at 0.77168, the aussie was down almost $0.005 in the last 10 hours. The support can be found at 0.7707 (Today’s lowest) and resistance at 0.7767.}

^{GBP/USD continues to consolidate the recent breakout through 1.5600. Higher volatility is expected on the release of British data due later in the day. The strong support level is located at 1.5595 and resistance at 1.5709.}

^{EUR/USD is traded in the narrow corridor between 1.1277 and 1.12415. The increase in the number of U.S. building permits sent the single currency lower yesterday. Today, the market is viewing the euro zone’s CPI, FOMC Economic Projections, Fed interest rate decision and the speech of J. Yellen.}

^{The U.S. dollar index was up to 95.24.} 

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