The new ruling from the Basel Committee supported the euro.
Asian and European trading sessions:
Euro: The released fundamentals in China supported the risk sentiment on Monday. In particular, the manufacturing production data demonstrated growth in August for 13,9%. Speculations, that the world economy rehabilitation rate is growing, reinforced.
Euro received strong support from the decision of the Basel Committee on Banking Supervision from the previous weekend, which stated that lenders would be given eight years to comply with the set capital requirements intended to prevent future crises. This ruling would not hurt the balanced banking system and at the same time was aimed to reform the risk-management system.
The EUR/USD pair demonstrated maximums around the $1,2830 mark.
US Dollar: As the demand for the save-haven currencies dropped on Monday, the greenback decreased against its high-risk competitors. Expectations for the positive US statistics, planned for Tuesday, also supported the high-yielding currencies. The US retail sales volume is expected to grow for 0.3%.
British Pound: The GBP/USD rate reached the $1,5480 mark.
Japanese Yen: The yen decreased as a save-haven currency. The USD/JPY pair traded in the range of Y83,80-Y84,40.
Australian Dollar: The Australian dollar showed sharp growth, as a result to the strong Chinese economic docket.
Oil: Morning trading demonstrated oil prices increase above the $77.00 level as the demand for the raw materials in the USA and China grew.
Gold: The gold price was set at the $1,244.30 level.
American trading session:
Japanese Yen: The yen was also pressured in anticipation of the Japanese Democratic party elections, which were planned for this Tuesday.
Technical analysis for 14/09
EURUSD
The pair is trying to break 1.28630. If the pair will be able to close higher the pair will rise to Moving Average (200) 1.30572.
Resistance: 1.28630, 1.30277, 1.31181
Support: 1.25690, 1.23907, 1.21813
GBPUSD
The pair rose to 1.54842. If the pair stays below 1.54842 the pair will drop to 1.53365.
Resistance: 1.54842, 1.56722, 1.58543
Support: 1.52523, 1.50581, 1.48532
USDCHF
The pair has dropped to 0.00209. This level should give support to the pair.
Resistance: 1.01498, 1.02747, 1.03987
Support: 0.00209, 0.99066, 0.98148
USDJPY
The pair has declined to support level at 83.330. If the pair breaks this level, the pair will drop to 80.244.
Resistance: 84.260, 85.161, 86.246
Support: 83.330, 82.219, 81.004
AUDUSD
The pair has reached resistance 0.93778. The pair may roll back to fill the gap at 0.92563.
Resistance: 0.93788, 0.94898, 0.96392
Support: 0.92170, 0.90284, 0.89029
Asian and European trading sessions:
Euro: The released fundamentals in China supported the risk sentiment on Monday. In particular, the manufacturing production data demonstrated growth in August for 13,9%. Speculations, that the world economy rehabilitation rate is growing, reinforced.
Euro received strong support from the decision of the Basel Committee on Banking Supervision from the previous weekend, which stated that lenders would be given eight years to comply with the set capital requirements intended to prevent future crises. This ruling would not hurt the balanced banking system and at the same time was aimed to reform the risk-management system.
The EUR/USD pair demonstrated maximums around the $1,2830 mark.
US Dollar: As the demand for the save-haven currencies dropped on Monday, the greenback decreased against its high-risk competitors. Expectations for the positive US statistics, planned for Tuesday, also supported the high-yielding currencies. The US retail sales volume is expected to grow for 0.3%.
British Pound: The GBP/USD rate reached the $1,5480 mark.
Japanese Yen: The yen decreased as a save-haven currency. The USD/JPY pair traded in the range of Y83,80-Y84,40.
Australian Dollar: The Australian dollar showed sharp growth, as a result to the strong Chinese economic docket.
Oil: Morning trading demonstrated oil prices increase above the $77.00 level as the demand for the raw materials in the USA and China grew.
Gold: The gold price was set at the $1,244.30 level.
American trading session:
Japanese Yen: The yen was also pressured in anticipation of the Japanese Democratic party elections, which were planned for this Tuesday.
Technical analysis for 14/09
EURUSD
The pair is trying to break 1.28630. If the pair will be able to close higher the pair will rise to Moving Average (200) 1.30572.
Resistance: 1.28630, 1.30277, 1.31181
Support: 1.25690, 1.23907, 1.21813
GBPUSD
The pair rose to 1.54842. If the pair stays below 1.54842 the pair will drop to 1.53365.
Resistance: 1.54842, 1.56722, 1.58543
Support: 1.52523, 1.50581, 1.48532
USDCHF
The pair has dropped to 0.00209. This level should give support to the pair.
Resistance: 1.01498, 1.02747, 1.03987
Support: 0.00209, 0.99066, 0.98148
USDJPY
The pair has declined to support level at 83.330. If the pair breaks this level, the pair will drop to 80.244.
Resistance: 84.260, 85.161, 86.246
Support: 83.330, 82.219, 81.004
AUDUSD
The pair has reached resistance 0.93778. The pair may roll back to fill the gap at 0.92563.
Resistance: 0.93788, 0.94898, 0.96392
Support: 0.92170, 0.90284, 0.89029