Daily Afternoon Report & Daily Technical Levels 09/09/2015

Daily Afternoon Report 09.09.2015

The dollar pushed higher against the other major currencies on Wednesday, amid hopes for fresh easing measures by the Bank of China. The dollar was higher against the yen, with USD/JPY up 0.92% at 120.91. Japan’s Nikkei posted the largest one-day percentage gain in seven years on Wednesday after China’s finance ministry said late Tuesday that it would implement fresh measures to stimulate economic growth. Chinese equities rallied as the announcement alleviated concerns over slowing growth, driving broader gains in regional equity markets and in commodity markets. The dollar was higher against the euro, with EUR/USD down 0.56% at 1.1136. Elsewhere, the dollar was higher against the pound, with GBP/USD down 0.28% to 1.5353 and steady against the Swiss franc, with USD/CHF at 0.9786. Sterling came under pressure after the Office for National Statistics said U.K. industrial production fell by 0.4% in July and rose just 0.8% from a year earlier. U.K. manufacturing production declined 0.8% in July, the largest drop since May 2014, and was 0.5% lower on a year-over-year basis. A separate report from the ONS showed that the U.K.’s trade gap widened sharply in July. The deficit in goods widened to £11 billion, the largest shortfall since July 2014, as exports tumbled by almost 10%. The weak data dampened expectations for higher U.K. interest rates. The Australian and New Zealand dollars were higher, with AUD/USD up 0.14% to 0.7029 and with NZD/USD gaining 0.59% to 0.6381. Meanwhile, USD/CAD edged up 0.25% to trade at 1.3241, as investors were eyeing the Bank of Canada’s rate statement later in the day. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.56% at 96.38.

 

09.09.2015 – 16:40 GMT+3

Daily Technical Levels

EUR/USD

GBP/USD

USD/JPY

AUD/USD

USD/CAD

USD/CHF

R3:

1,1216

1,5448

121,87

0,7119

1,3306

0,9872

R2:

1,1181

1,5413

121,52

0,7084

1,3271

0,9837

R1:

1,1156

1,5388

121,27

0,7059

1,3246

0,9812

S1:

1,1126

1,5358

120,97

0,7029

1,3216

0,9782

S2:

1,1101

1,5333

120,72

0,7004

1,3191

0,9757

S3:

1,1066

1,5298

120,37

0,6969

1,3156

0,9722