Daily Morning Report & Daily Technical Levels 05/08/2015

Daily Morning Report 05.08.2015

The Australian dollar eased further despite robust services indexes at home and in China as investors mull a signal that a widely expected Federal Reserve rate hike this year may be soon. AUD/USD traded at 0.7364, down 0.20%, while USD/JPY changed hands at 124.42, down 0.04%. NZD/USD was quoted at 0.6529, down 0.15%. In Australia, the July AIGroup Services Index jumped to a surprise 54.1 from a June move into expansion at 51.2. Earlier in New Zealand, the unemployment rate held steady at 5.9%, while the labor cost index rose 1.8% year-on-year for the second quarter, meeting expectations. In China, the July Caixin General Services PMI came in at 53.8, better than the expected reading of 52.2. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.20% at 98.24. Atlanta U.S. Federal Reserve Bank President Dennis Lockhart, in an interview with the Wall Street Journal, said the Fed was “close” to being ready to raise short-term rates. Lockhart, a voter this year, is deemed somewhat as a moderate, analysts said, which made his remarks more meaningful. Overnight, the dollar trimmed losses against the other major currencies on Tuesday, after data showed that U.S. factory orders rose broadly in line with expectations in June, while markets continued to eye the release of U.S. non-farm payrolls on Friday. The U.S. Census Bureau reported on Tuesday that factory orders increased by 1.8% in June, meeting expectations. Factory orders fell by 1.1% in May, whose figure was revised from a previously reported decline of 1.0%. The dollar has been boosted recently by expectations that the improving U.S. economy will prompt the Federal Reserve to raise short-term interest rates in the coming months, possibly as early as September. Investors were looking to the government nonfarm payrolls report, due to be released on Friday. The consensus forecast is that the report will show jobs growth of 215,000 last month. Monthly job gains above 200,000 are seen by economists as consistent with strong employment growth.

 

05.08.2015 – 07:10 GMT+3

Daily Technical Levels

EUR/USD

GBP/USD

USD/JPY

AUD/USD

USD/CAD

USD/CHF

R3:

1,0939

1,5612

125,19

0,7429

1,3267

0,9854

R2:

1,0904

1,5577

124,84

0,7394

1,3232

0,9819

R1:

1,0879

1,5552

124,59

0,7369

1,3207

0,9794

S1:

1,0849

1,5522

124,29

0,7339

1,3177

0,9764

S2:

1,0824

1,5497

124,04

0,7314

1,3152

0,9739

S3:

1,0789

1,5462

123,69

0,7279

1,3117

0,9704