Daily Afternoon Report & Daily Technical Levels 18/08/2015

Daily Afternoon Report 18.08.2015

The Canadian dollar pulled back from session lows against the U.S. dollar on Tuesday as oil prices turned higher following the release of upbeat U.S. housing data. USD/CAD was last at 1.3086, off highs of 1.3127. The Commerce Department reported that housing starts rose 0.2% to an annual pace of 1.21 million units, the highest level since October 2007. It was the fourth straight month that housing starts remained above a one million-unit rate. Building permits fell 16.3% in July, but that was after three consecutive months of strong gains. The encouraging data came as investors were looking ahead to Wednesday’s minutes of the Federal Reserve’s July meeting, which it was hoped would provide more clarity on its plans to hike short-term interest rates for the first time since 2006. The US dollar index, which tracks the greenback against a basket of six major rivals, rose to 97.02 from around 96.82 ahead of the data. U.S. oil prices rose session highs following the release of the report, after falling to more than six-year lows earlier Tuesday following steep losses in Chinese stocks. The steep drop fanned fears over the demand outlook in China, the world’s second largest oil consumer after the U.S. Falling oil prices have put pressure on the Canadian economy, which is struggling to shake off the recessionary effects of low oil prices.

 

18.08.2015 – 17:40 GMT+3

Daily Technical Levels

EUR/USD

GBP/USD

USD/JPY

AUD/USD

USD/CAD

USD/CHF

R3:

1,1118

1,5740

125,12

0,7412

1,3152

0,9847

R2:

1,1083

1,5705

124,77

0,7377

1,3117

0,9812

R1:

1,1058

1,5680

124,52

0,7352

1,3092

0,9787

S1:

1,1028

1,5650

124,22

0,7322

1,3062

0,9757

S2:

1,1003

1,5625

123,97

0,7297

1,3037

0,9732

S3:

1,0968

1,5590

123,62

0,7262

1,3002

0,9697