17
Aug
EUR/USD Daily Market Briefing
Economic Calendar
| Time | Currency | Impact | Description | Previous | Forecast | Actual |
| 4:00 PM | EUR | Medium | Final CPI y/y | 1.3% | 1.3% | |
| EUR | Low | Final Core CPI y/y | 1.2% | 1.2% | -0.4% | |
| EUR | Low | Trade Balance | 19.7B | 20.4B | ||
| 6:30 PM | EUR | Medium | ECB Monetary Policy Meeting Accounts | |||
| 7:30 PM | USD | High | Unemployment Claims | 244K | 240K | |
| USD | Medium | Philly Fed Manufacturing Index | 19.5 | 18.3 | ||
| 8:15 PM | USD | Medium | Capacity Utilization Rate | 76.6% | 76.7% | |
| Medium | Industrial Production m/m | 0.4% | 0.3% | |||
| 11:30 PM | USD | Medium | FOMC Member Kaplan Speaks |
News
Topic: Forex – Dollar weaker after Fed minutes show debate on 3rd hike
- Investing.com- The dollar headed weaker in to Asia on Thursday as Fed minutes showed an increased debate about another rate hike this year.
- Overnight, the dollar traded near three-week highs against a basket of global currency on Wednesday, after recent economic data pointing t a strengthening U.S. economy lifted expectations of a third rate hike later this year.
- The dollar continued its positive start to week, as solid retail sales data on Tuesday overshadowed a slump in U.S. housing data amid growing expectations the Fed will increase interest rates for a third time later this year.
REFERENCE: https://www.investing.com/news/forex-news/forex–dollar-weaker-after-fed-minutes-show-debate-on-3rd-hike-519482
Technical Chart-H4
Support & Resistant
|
Resistant |
Pivot |
Support |
| R1: 1.1803 |
1.1742 |
S1: 1.1706 |
| R2: 1.1838 | S2: 1.1645 | |
| R3: 1.1900 | S3: 1.1609 |
Main Scenario :
Recommendation BUY
Entry Point 1.1803
Take Profit ($300-$500)
Stop Loss $300
Alternative Scenario :
Recommendation SELL
Entry Point 1.1742
Take Profit ($300-$500)
Stop Loss $300
