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Thursday, September 17th
NZD/USD slipped lower amid NZ GDP coming out in red colour. Analysts expected that the economy growth pace would be 0.5% QoQ and 2.5% YoY. However, the actual figures were both 0.1% lower than expected. The main point of attention is now on Fed Monetary Policy decision due later in the day. The pair was down at 0.6334 earlier this morning, but having compensated the initial losses, NZD is now changing hands at 0.6360 against its US counterpart with support and resistance levels at 0.6317 and 0.6429, respectively.
AUD/USD was slightly down ahead of the interest rate decision in the US. The pair opened trades at 0.7196 slipping lower from its 3-week highs to 0.7171 by the beginning of European session. The recent interest of investors in riskier assets will be highly affected in case Fed actually raises rates today, as dollar will be able to provide more yields not to mention the stability. The pair is likely to find support in 0.7086 area, while resistance is located at 0.7275.
GBP/USD was seen as one of the biggest gainers yesterday, as the price rallied to 1.5528 amid strong labor market data. The pair promises to show some volatile trades later in the day as retail sales data is out before the significant news from the US including Building permits , Philadelphia Fed Manufacturing Index and, of course, the Interest rate decision. The support is seen at 1.5334, while resistance is located at 1.5690.
EUR/USD was a bit higher currently changing hands at 1.1301.Yesterday, European data was almost in line with expectations. However, the CPI was 0.1% lower than the expected reading of 0.2%. Tomorrow, the market is watching euro zone current account figures.
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