28 Aug

Economic Calendar

Time Currency Impact Description Previous Forecast Actual
JPY N/A
7:30pm USD Low Goods Trade Balance -64.0B -64.5B
USD Low Prelim Wholesale Inventories m/m 0.7% 0.3%

News

 Topic:Asian Dollar down against yen in early Asia after Harvey, Wyoming

  • The dollar traded weaker against the yen on early Monday in Asia as investors failed to get some cues from the Fed at the weekend on policy and the economic impact of the massive Hurricane Harvey in Texas was still being assessed.
  • The greenback maintained losses after Federal Reserve Chair Janet Yellen failed to provide clues on monetary-policy tightening.

REFERENCE: https://www.investing.com/news/forex-news/forex–dollar-down-against-yen-in-early-asia-after-harvey-wyoming-522822

 https://www.bloomberg.com/news/articles/2017-08-27/pound-leads-surge-against-dollar-stocks-seen-flat-markets-wrap

Technical Chart-H4

Support & Resistant

Resistant

Pivot

Support

R1: 109.720

109.410

S1: 108.995
R2: 110.135 S2: 108.685
R3: 110.445 S3: 108.195

 

 

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