Current trend Crude oil Brent continues to trade in the downtrend. Currently, on the daily chart the price is near support level of 1/8 Murray or 104.69. If this level maintains, the price may continue to decline.
Current trend Throughout almost the whole month of July the overbought Pound has been losing positions, as investors locked in profits on long positions, thinking that the Pound had reached the “ceiling”. It became known yesterday that PMI in the British construction sector has declined; it was another piece of negative news, although the decline was less than expected.
Current trend On Wednesday the pair USD/JPY has grown by over 100 points, reaching the four-month highs of 103.08. Sharp rise in price was caused by news that preliminary volume of the Japanese manufacturing industry dropped by 3.3% in June; while the US GDP increased by 0.4% against expectations of 3.0%.
Current trend The price of the pair NZD/USD has been declining since last week. Today, the quotes have reached two-month lows at the level of 0.8507. New Zealand currency is under pressure from instability in the dairy market
Current trend Following significant decline at the middle of last week, the pair EUR/USD has been trading near support level of 1.3515. The decline was caused by weak data on ZEW business sentiment index in Germany and EUfor July. The pair fails to consolidate below this level because of lack of drivers
Current trend On Thursday the price of the currency pair USD/JPY has reached the weekly lows at the level of 101.08. The decline was provoked by the data on American real estate market, which was below expectations. The number of approvals to construct has increased by 0.963 million; the number of housing starts rose by 0.893 million.
Current trend The pair demonstrated rather high volatility during last week. At the beginning last week the pair was in the ascending channel, going above the level of 0.9400
Current trend The currency pair GBP/USD continues to trade in the sideways channel of 1.7170-1.7100. At yesterday’s meeting the Bank of England did not make any changes in the monetary policy: interest rate was left at the level of 0.5%
Current trend On Thursday the currency pair AUD/USD significantly weakened. The Australian currency was under strong pressure from the data on Australian labour market
Current trend On Wednesday the price of the currency pair NZD/USD has reached the three-year highs at the level of 0.8836. The rise was caused by the minutes of the meeting of the US FOMC in June, which indicated that interest rates would be left at the low levels for a long time.