Forex.ee: Daily economic news digest

Daily economic digest from Forex.ee
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Wednesday, June 24^th

^{The U.S. dollar index was up 1.17% at 95.63 on Tuesday, the highest level since June 12.}

^{EUR/USD fell 1.61% to two-week lows of 1.1135 in spite the data showing that private sector activity in the euro area expanded at the fastest pace in four years this month, meaning that the economy is steadily recovering. The pair is traded at 1.1204 with support level located at 1.1017 and resistance at 1.1315.}

^{USD/JPY was lower in Asia as Japanese Corporate Services Price Index came out with a positive reading. The pair is traded at 123.893.}

^{NZD/USD and AUD/USD were gradually moving up this morning currently traded at 0.6861 and 0.7719, respectively. Bearish trends still prevail for both pairs, especially after yesterday’s comments from Fed governor Jerome Powell on the timing of rate hike, which contributed to the strengthening of the greenback.}

^{GBP/USD is erasing yesterday’s losses climbing up to 1.5786 this morning. The pair is likely to find support at 1.5578 and resistance at 1.5861.}

^{Ahead in the day, investors are viewing the German Ifo Business Climate Index and GDP report from the United States.}

Your European ECN-broker,

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