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#1 27-05-2016 09:11:43

SergeNF
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Registered: 29-04-2015
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NewForex - Technical analysis and Forex news (daily)

Allow me to present to the distinguished community Technical analysis and Forex news by NewForex company.

Forex News from New Forex: Technical analysis of EUR/USD

On Friday all market participants are in the anticipation of the speech of Janet Yellen, Fed’s Chair. Consequently, the market does not show any swift movements and the situation is likely to remain unchanged till 17:15 GMT. What’t more, the G7 meeting is held in Japan at the moment, its participants are expected to make a speech by the end of it.

Thus, in spite of forming a firm bullish candlestick on the close of yesterday’s trading session, it’s early to speak about the further upsurge or decline. Today fundamental market factors decide everything.

At the moment trades are seen within the support at 1.1172 and resistance at 1.1240. In a day chart the MACD-histogram remains in the negative zone and declines. Exponential moving averages with the period 20 and 55 days slowed down and are close to being crossed. The RSI indicator demonstrates further easing of the bullish market sentiment sliding slightly below the central magnitude. The oscillator Stochastic is near to leaving the zone of oversold and sends signals to buy which might be fallacious if we take the above mentioned technical features into consideration.

http://www.newforex.com/assets/images/news//EURUSD27052016.jpg

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David Fineberg

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#2 08-07-2016 14:12:49

SergeNF
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Re: NewForex - Technical analysis and Forex news (daily)

Forex News from New Forex: US unemployment by numbers

Today global markets are in the anticipation of unemployment data from the US. The unemployment rate is calculated according to the number of people actively searching for work. In May 2016 this number dropped to 4.7%, a low since November 2007. The number of unemployed residents decreased by 484,000 to 7.4 mln.

An average unemployment level in the USA over 1948 to 2016 period is 5.82% with a high at 10.80% in November 1982 and a low at 2.50% in May 1953.

In May the unemployment rate among man was 4.3%, women 4.2%, Whites 4.1%, among Hispanics 5.6%, Asians 4.1%, African Americans 8.2%. Unemployment among teenagers stands at 16.0%. Around 1.9 mln US residents can not find work for more than half a year. The State calls this group "long-term unemployed".

If we look carefully at the difference between states, the lowest rate in May 2016 was in South Dakota with 2.5%, the highest in Alaska with 6.7%.

June forecast shows a slight rise to 4.8%, how accurate it is we will find out later today.

http://f4.s.qip.ru/s6WVNq2Z.png

NewForex Analyst

Luigi Campo
Forex News from New Forex: US unemployment by numbers

Today global markets are in the anticipation of unemployment data from the US. The unemployment rate is calculated according to the number of people actively searching for work. In May 2016 this number dropped to 4.7%, a low since November 2007. The number of unemployed residents decreased by 484,000 to 7.4 mln.

An average unemployment level in the USA over 1948 to 2016 period is 5.82% with a high at 10.80% in November 1982 and a low at 2.50% in May 1953.

In May the unemployment rate among man was 4.3%, women 4.2%, Whites 4.1%, among Hispanics 5.6%, Asians 4.1%, African Americans 8.2%. Unemployment among teenagers stands at 16.0%. Around 1.9 mln US residents can not find work for more than half a year. The State calls this group "long-term unemployed".

If we look carefully at the difference between states, the lowest rate in May 2016 was in South Dakota with 2.5%, the highest in Alaska with 6.7%.

June forecast shows a slight rise to 4.8%, how accurate it is we will find out later today.

http://f5.s.qip.ru/s6WVNq30.png

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of EUR/USD

During the trading session on Thursday the currency pair rose to 1.1106 and later bounced off to

1.1052 making a firm bearish candlestick in the day chart which shows the market intention to

decline. It is necessary to breach the strong support at 1.1050. In case of success we expect to see

the price at 1.0970. Otherwise, the market has to breach the resistance at 1.1111 which will allow

the pair to climb to 1.1180.

In the trading on Friday the pair remains within the support level at 1.1067 and resistance at

1.1095. EMA20 and EMA55 crossed downwards and keep descending. The MACD-histogram stands in the

negative zone and slowly rises. The oscillator Stochastic sends a signal to sell.

The market consolidated due to the decreased activity of its participants before the release of

macroeconomic data from the US today at 15:00 GTM.

http://f2.s.qip.ru/s6WVNq2E.png

NewForex Analyst

Luigi Campo

   
Forex News from New Forex: Technical analysis of GBP/USD

On Thursday the pair edged up to 1.3076 but later bounced off to 1.2878 finishing trades with a

neutral day candlestick which says about the weakness of the currency pair and market consolidation

giving chances both to bulls and bears, according to the current technical structure.

On Friday the price remains within the support at 1.2883 and resistance at 1.3000. However, it is

not so simple here. Today at 15:30 GTM the market expects the release of unemployment data and

nonfarm payrolls for June. Consequently, all market participants shudder to a halt in the

anticipation of macroeconomic statistics from the US. Thus, a further scenario totally depends on

the released data.

Exponential moving averages consolidated, decline and slowed down. The MACD-histogram remains in the

negative zone but slightly rises. The RSI also stands below its central line. The Stochastic sends a

signal to buy. We don’t exclude a further market descend hitting new record lows, even if the

greenback receives firm support today.

http://f2.s.qip.ru/s6WVNq2F.png

NewForex Analyst

Luigi Campo

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#3 11-07-2016 14:23:27

SergeNF
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Re: NewForex - Technical analysis and Forex news (daily)

Forex News from New Forex: Commodity currencies slide amid low oil prices

The Australian and the New Zealand dollar lose ground against the greenback in the trading on Monday, July 11. The US dollar gained strong support after the release of upbeat employment data last Friday and due to low oil prices. At the moment the currency instrument AUD/USD shed 0.28% to 0.7546. The number of home loans decreased in Australia in May by 1.0% which is significantly better than the forecast at -2.0%. In April the number of loans increased by 1.4%. Tomorrow markets will be in the expectation of business conditions and business confidence in Australia.

The pair kiwi/dollar stands at 0.7243 (-0.82%). Tomorrow the release of Food Price Index for June is expected in New Zealand. In May it declined by 0.5%.

Commodity currencies suffer from falling oil prices. WTI edged down to 1.63% to $44.68 a barrel. Brent slid 1.52% to $46.05. The Canadian dollar slipped to 0.39% versus the buck to 1.3094.

The dollar index stands at 96.72 (+0.43%) which is a 2-week high.

http://f6.s.qip.ru/s6WVNq46.png

NewForex Analyst

David Fineberg

Forex News from New Forex: US dollar advances after Friday data

Today, on July 11, the US dollar climbs against the main currencies after optimistic employment data in the US. In June 287 000 new working places were registered instead of expected 175 000. Average hourly earnings edged up 2.6% in comparison with the same period last year. The unemployment level slightly rose from 4.7% in May to 4.9% in June.

The pair euro/dollar shed 0.21% to 1.103. Pound/dollar dropped by 0.65% to 1.2868 which is close to a 31-year low. Market participants are in the anticipation of the Bank of England minutes on Thursday, July 14. It is assumed that the interest rate will remain unchanged at 0.5%. However, the Bank of England might introduce extra stimulus measures to support economy after Brexit.

The pair dollar/yen picked up 1.78% to 102.3. The Japanese currency loses ground after the decision of Prime-Minister Shinzo Abe to launch a new round of fiscal stimulus.

European stocks are in the positive zone after the Bank of Japan decision and upbeat data from the US. The pan-European index STOXX 600 surged 0.48%. The UK’s FTSE jumped 0.55%, the German DAX rose 1.07%, the French CAC 40 added 0.70%.

http://f4.s.qip.ru/s6WVNq47.png

NewForex Analyst

David Fineberg

Forex News from New Forex: Technical analysis of EUR/USD

On Monday, July 11, the pair EUR/USD trades within the support at 1.1015 and resistance at 1.1055. As we see on today’s 5-minute chart the price is under pressure ahead of the Eurogroup meeting. In late afternoon on Friday the market showed high volatility after the publication of the US nonfarm payrolls. Today the MACD-indicator indicates the formation of a sideways market trend. Taking into account signals of most indicators, it’s worth considering orders to sell on Monday.

http://shot.qip.ru/00KZFf-5s6WVNq44/

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Luigi Campo

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#4 12-07-2016 14:16:38

SergeNF
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Re: NewForex - Technical analysis and Forex news (daily)

Forex News from New Forex: Aussie and kiwi look confident

The Australian and the New Zealand dollar significantly rise in the trading on Tuesday, July 12. Positive data from Australia and increasing oil prices lend support to these currencies. The pair AUD/USD stands at 0.7623 (+1.22%). The business confidence index in Australia climbed from 3 in May to 6 in June, the index of business conditions advanced from 10 to 12 last month.

The pair kiwi/dollar jumped to 0.7299 (+1.12%). Oil prices gain ground amid supply disruptions in Iraq. WTI surged 0.56% to $45.30 a barrel, Brent added 0.76% to $46.64. The dollar index slid 0.49% to 96.11.

In general, Asian markets show positive dynamics today. The Japanese index Nikkei edges up in the expectation of fiscal stimulus from the central bank of Japan. The Nikkei picked up 2.46%, the Topix and the JPX-Nikkei Index 400 advanced 2.4%.

The Chinese market gains as well. The CSI300 index, which includes stocks of the largest companies of Shanghai and Shenzhen, rose 2.2%. The Shanghai Composite jumped 1.8%.

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NewForex Analyst

Michael Butnitsky

Forex News from New Forex: Gold falls after the release of US data

In the trading on Tuesday, July 12, gold prices decrease as market participants consider chances of interest rate hike in the USA after the release of positive employment data. Market tension subsides after the decision of the UK to leave the European Union.

Gold spot shed 0.16%. On Monday the decline was 0.8%, the biggest descend in the last two weeks. Gold futures with the delivery in August slid 60 cents or 0.05% to $1,356.00 a troy ounce. However, since the start of the year the yellow metal picked up almost 30% amid faint hopes for the interest rate hike in the USA.

Meanwhile, silver gains 0.42% to $19.30.

European markets behave confidently today. The pan-European index STOXX 600 added 1%. The German DAX advanced 1.71%, the French CAC 40 jumped 1.71% as well, the UK’s FTSE trades in flat. Uncertainty over the political situation in the UK gradually eases after the appointment of Theresa May as the UK Prime-Minister. This Wednesday, on July 13, she is getting officially into office.

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NewForex Analyst

Michael Butnitsky

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Tuesday, July 12, the pair EUR/USD keeps it yesterday’s bearish sentiment. As we see on a 5-minute chart it trades within the support at 1.1045 and resistance at 1.1125. The indicator Stochastic shows that the pair EUR/USD stands in the zone of overbought. It allows us to suppose that the pair will decline in the short run.

At the moment market participants are in the anticipation of the Bank of England meeting over the interest rate this Thursday. And also we wait for the retail data from the USA which is due to be released on Friday and might influence on the dollar rate. These two events may affect changes within the pair this week.

http://f1.s.qip.ru/s6WVNq4D.png

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David Fineberg

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#5 13-07-2016 14:28:40

SergeNF
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Re: NewForex - Technical analysis and Forex news (daily)

Forex News from New Forex: Asian markets closed with a rise shrugging off low data from China

Asian markets closed today with a firm rise in the expectation of new monetary stimulus from Japan. The MSCI Asia Pacific Index climbed 0.7%. The Japanese Topix jumped 1.1% advancing 6.3% during the last two trading sessions. The yen gained 0.06% against the buck after a 4% decline at the start of the week.

The Australian and the New Zealand dollar shed 0.01% and 0.04%, respectively. The fall is caused by the decrease of import in China by 8.4% in June and export by 4.8%. It has strong influence on these currencies as China is the leading export market for Australia and New Zealand. The yuan slid 0.04% against the US dollar. The Hang Seng climbed 0.5%, the China Enterprises Index picked up 0.06%. Market participants assume that the central bank of China will introduce new stimulus measures in the coming months.

European stocks move in mixed ways in the trading on Wednesday, July 13. Markets recover after Brexit. The pan-European index STOXX 600 edged up 0.24%. The UK’s FTSE surged 0.08%, the German index DAX slipped to 0.08%, the French CAC 40 climbed 0.21%.

http://f5.s.qip.ru/s6WVNq5s.png

NewForex Analyst

David Fineberg

   
Forex News from New Forex: US dollar slides against the main currencies

In the trading on Wednesday, July 13, the US dollar tumbles against the leading currencies. The instrument euro/dollar climbed 0.15% to 1.1074. Pound/dollar added 0.19% to 1.3266 after the appointment of Theresa May as the UK Prime-Minister. However, the pound remains under pressure due to the Bank of England meeting which is planned on this Thursday, July 14. The current interest rate at 0.50% might be cut down to 0.25% in order to launch the program of monetary easing to support the economy after the decision of the UK to leave the European Union.

The pair dollar/Swiss franc tumbled 0.41% to 0.9843, the US dollar edges down to 0.05% against the loonie to 1.3032. The Bank of Canada should make a decision over the interest rate today. It is expected that the rate will remain unchanged at 0.5%.

http://f2.s.qip.ru/s6WVNq5t.png

The dollar index slipped to 0.17% to 96.39.

NewForex Analyst

David Fineberg


Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Wednesday the pair stands within the immediate support at 1.1058 and resisitance at 1.1132. As for short-term prospects, on a 4-hour chart we see that the MACD-histogram has just entered a positive zone but the indicator RSI has not staying below its central line. However, the oscillator Stochastic says that the pair is oversold which implies a price increase.

EMA20 and EMA55 flatten after the recent crossing downwards which says about the consolidation within the current level of support at 1.1058.

http://f1.s.qip.ru/s6WVNq59.png

NewForex Analyst

Luigi Campo

   
Forex News from New Forex: Technical analysis of GBP/USD

On Wednesday the currency pair trades with a considerable price rise within the immediate support at 1.3109 and resistance at 1.3435.

During the first part of the previous trading session the pair was firmly gaining drafting off the local support level at 1.2985 and later consolidated above the strong resistance at 1.3150. Then the pair continued its rise to 1.3290 with a rally within up to 300 pips. Today during the Asian trading session the pound sterling advances against the greenback to 1.3338, after that there was seen some correction which should determine the power of opposing parties. In case of the dominance of bears the price might reverse to 1.2985. Otherwise, we might expect testing the level at 1.3435.

In a 4-hour timeframe the MACD-histogram entered a positive zone and keeps edging up. Both the RSI and the oscillator Stochastic indicate that the pair is overbought and the bullish sentiment of the market eases. However, the price remains above lines of Ichimoku Kinko Hyo, which gives bulls good chances for the further upsurge.

http://f6.s.qip.ru/s6WVNq5a.png

NewForex Analyst

Luigi Campo

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#6 14-07-2016 11:38:11

SergeNF
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Re: NewForex - Technical analysis and Forex news (daily)

Forex News from New Forex: Interest rate in the UK, in the expectation of a fresh record

The base rate in the United Kingdom is an interest rate at which commercial banks take loans from the Bank of England. In theory: the lower the rate is, the cheaper loans for borrowers are. The decision over the UK interest rate is made by nine members of the Monetary Committee of the Bank of England. A meeting of the bank takes place every month. Studying the economic state of the country the decision over the rate is made.

The rate hike decreases inflation supporting savings of citizens and keeping them from loans. Thus, reducing the demand for goods in shops. The rate cutdown boosts the demand and increases prices as the pure income of people rises.

If we consider the period from 1971 to 2016, the highest interest rate was in March 1979 at 17%, the lowest rate is recorded at the moment at 0.5%. This rate has been unchanged since March 2009.

However, after the decision of the UK to leave the European Union most market participants are in the anticipation of the further decline up to 0.25%. Later today we will see if the Bank of England sets a fresh record.

http://f5.s.qip.ru/s6WVNq5R.png

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Michael Butnitsky

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#7 14-07-2016 14:39:19

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Re: NewForex - Technical analysis and Forex news (daily)

Forex News from New Forex: Pound sterling hit a 2-week high

On July 14 the pound sterling advanced to a 2-week high against the US dollar after the decision of the Bank of England to keep the interest rate at 0.5%. The pair pound/dollar surged 1.85% to 1.3388 today. The pound picked up 1.20% against the euro to 0.8327.

At the meeting of the Bank of England eight out of nine members of the Monetary Committee voted to hold the interest rate unchanged at 0.5% instead of an expected decrease to 0.25%. However, it was claimed in the report that the Committee will return to the question of the interest rate cutdown this August. It was also mentioned that the decision of the UK to the leave the EU might weaken the economy and expose the housing market to a risk.

European indexes reacted with a rise after the report of the Bank of England. The pan-European STOXX 600 added 0.78%, the UK’s FTSE climbed 0.07%, the German DAX gained 1.26%, the French CAC 40 edged up 1.04%.

http://f1.s.qip.ru/s6WVNq6a.png

NewForex Analyst

Michael Butnitsky

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Thursday, July 14, EUR/USD keeps trading in a wide side channel. As we see on a 5-minute chart today, the pair trades within support at 1.1085 and resistance at 1.1130. This type of trading will continue until there is some certainty over the procedure of Brexit and it consequences.

Today’s outcome of the Bank of England meeting over the interest rate will definitely influence on the sentiment of the pair EUR/USD. The result might exert considerable pressure on the euro.

http://f4.s.qip.ru/s6WVNq67.png

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Luigi Campo

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#8 15-07-2016 14:56:17

SergeNF
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Re: NewForex - Technical analysis and Forex news (daily)

Forex News from New Forex: Gold and silver decline

Gold and silver prices tumbles in the trading on Friday, July 15, as the US dollar advances. Gold futures with the delivery in August shed 0.03% to $1.331.80 a troy ounce. Spot gold slid 0.29% to 1.330.80 a troy ounce. We suppose that spot gold might decrease further to $1,313. During this week the precious metal lost 2.9%. Currently gold is under pressure due to positive economic news from the US. Gold holdings in the largest EFT-fund SPDR Gold Trust slipped to 0.25% to 962.85 tonnes on Thursday. Silver futures edged down to 0.43% to $20.235. Spot silver fell 0.69% to $20.16.

Oil shows negative dynamics as well amid concerns over the supply glut. Crude oil with the delivery in August lost 0.96% to $45.24. In the Mercantile Exchange in London Brent slipped to 0.95% to $46.92 a barrel. Positive news from China kept oil from the further decline on Friday. The GDP of China climbed 1.8% in the second quarter, year on year the rise is 6.7%. Retail sales in June increased by 10.6% year on year. Industrial production gained 6.2%.

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NewForex Analyst

Luigi Campo

Forex News from New Forex: European shares fall after the attack in France

European shares lose ground in the trading on Friday, July 15, after the horrifying terrorist attack in France where at least 84 people died. The French index CAC 40 slid 0.38%, the UK’s FTSE lost 0.20%, the German DAX edged down to 0.22%. The pan-European STOXX 600 slid 0.18%.

Clear that after the yesterday’s tragedy in Nice Europe tries to come to itself and all the other news are of secondary importance. French economy has been quite resistant to such kind of shocks but the last event might hit the touristic sector of the country.

European currency advanced 0.04% against the US dollar to 1.1123. The euro surged 0.42% to 117.61 against the yen. Against the pound sterling the euro shed 0.17%.

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NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Friday, July 15, EUR/USD keeps trading in the side channel. The pair has been showing this trend for three weeks since the referendum in the UK. As we see on today’s 5-minute chart it trades within the support at 1.1105 and resistance at 1.1155.

It is likely that the pair will breach the strong resistance at 1.1165, then next day we will see an ascending trend. Otherwise, the sideways trend will remain.

http://f4.s.qip.ru/s6WVNq6I.png

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David Fineberg

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#9 18-07-2016 12:36:57

SergeNF
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Forex News from New Forex: The kiwi is under pressure

Today, July 18, Statistics New Zealand data was published. The consumer price index in New Zealand in June was 0.4%. This is less than expected.

Against these data the new Zealand dollar weakened and now is under pressure. NewForex analysts believe that soon the pressure will continue.

Market participants expect the possible increase in pressure on Thursday. This will happen as there new data from Statistics New Zealand and Reserve Bank of New Zealand will be published.

In morning trading the new Zealand dollar declined against the US dollar, Australian dollar and Euro.

http://f2.s.qip.ru/s6WVNq8u.png

NewForex Analyst

Sara Rosenstein


Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Monday, July 18, the pair EUR/USD shows downward movement. As we see on today’s 5-minute chart it trades within the support at 1.1035 and resistance at 1.1075.

In the coming days, perhaps, the political situation in Turkey will affect the movement of the pair. These events can exert significant pressure on the Euro and ensure the growth of the us dollar.

http://f4.s.qip.ru/s6WVNq8t.png

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Luigi Campo

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#10 19-07-2016 12:34:40

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Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Tuesday, July 19, the pair EUR/USD trades in a narrow channel. As we see on today’s 5-minute chart it trades within the support at 1.1050 and resistance at 1.1080.

The US dollar weakened against European currencies and strengthened against the yen. Tonight the publication of data on the number of issued building permits in the United States is expected. This is the main indicator on the real estate market. Probably in June building permits in the U.S. increased compared with the data in may. These data can have a significant impact on the us dollar.

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NewForex Analyst
Luigi Campo

Forex News from New Forex: Today data from UK and research ZEW in Germany were published

Today two important report data on inflation in Britain and the results of the ZEW research in Germany were published. The consumer price index in the UK rose in June, higher than expected and reached 0.5%.
Pound rises after the publication of this report. GBP/USD shows the price rise while the EUR/GBP shows a decrease.

ZEW data from Germany showed the size of the fall in German economic sentiment in July. It fell more than expected to −6,8.

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NewForex Analyst
Sara Rosenstein

Forex News from New Forex: RBA data weaken the Australian dollar

Today the Reserve Bank of Australia report was published. The Aussie strengthened before the RBA report. But after publication of this data it weakened. The fact that the report mentions the possibility of lowering the key interest rates in August of this year influenced on the Australian dollar. Along with this while the RBA meeting in July, the interest rate did not change and remained at the level of 1.75%.

The report also talked about the British exit from the EU. The RBA believes that the current uncertainty with the process UK output only slightly affect the growth of the world economy.

http://f5.s.qip.ru/s6WVNq9b.png

NewForex Analyst
Sara Rosenstein

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