Heads-up News 

London Trading Session Heads Up Thursday, August 10, 2017

London opening news digest

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD: Neutral (since 07 Aug 17, 1.1785): Immediate bias is for a probe lower towards 1.1680.When we shifted from a bullish to neutral stance on Monday (see update on 07 Aug), we held the view that the “the immediate bias is for a probe lower towards 1.1680”. In line with our expectation, EUR dipped to a low of 1.1687 yesterday before

 

New Zealand Dollar Dominates AsiaPacific Market Action

The Reserve Bank of New Zealand selected a higher rhetorical gear in its quest for a lower New Zealand Dollar exchange rate.

 

Crude Oil Prices May Fall as OPEC Data Shows Glut Persisting

Crude oil prices may turn lower as monthly OPEC data reveals struggle to offset swelling US output with coordinated output cuts. Gold prices may fall

 

RBNZ surprises with less dovish tone, NZD lower this morning; CHF and JPY ease back after earlier gains

RBNZ kept rates unchanged at 1.75%, and said it expected inflation to rise at a gradual pace. The Reserve bank of New Zealand also went on to say that a weaker kiwi is needed for more balanced growth. The NZD is weaker against both the euro and the USD this morning, after some initial strengthening following the communication.

 

U.K. house prices grow at slowest rate in 4 years: RICS

House prices in the U.K. rose at the slowest rate in over four years in July, hurt by lingering political uncertainty, recent tax changes and a limite

 

Daily Market Roundup (August 10, 2017) – By DailyForex

For more daily news and technical analysis visit: http://www.dailyforex.com

 

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Have a nice trading!




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