EUR USD Technical Analysis August 17 2018
The EUR rose 0.28% against the USD on Thursday and closed at 1.1375. Today in the Asian session while EUR USD technical analysis august 17, 2018 is preparing at 7:00 GMT, the pair is trading at 1.1378, which is 0.03% higher against from yesterday’s closed.
In the United States, data showed that privately owned housing units, licensed with building permits in July were at an annualized rate of 1,311,000. This is 1.5 percent above the revised June rate of 1.292 million, which is 4.2 percent above the July 2017 rate of 1.258 million.
Housing starts
US home prices rose 0.9% to an annualized rate of 1,168K in July 2018, recovering from a 12.9% fall in June. But the market expectations were down 7.4% to 1260K. Rose at the beginning of the Midwest and South, but declined in the northeast and west. The average number of housing units in the United States was 1433.22 thousand units between 1959 and 2018, reaching 2494 thousand units in January 1972 and registering 478 thousand units in April 2009.
Philadelphia Fed Manufacturing Index
In August of 2018 The Philadelphia Fed Manufacturing Index fell 13.8 points to 11.9 from 25.7 in the previous month and below market expectations of 22. The lowest reading since November of 2016, where there was a slowdown in new orders (down 22 points) To 9.9); recruitment (down 2.5 points to 14.3) and shipments (8.1 point drop to 16.6). Also, companies reported, in the balance, price increases for purchase inputs and manufactured products of their own, but these price indices fell slightly this month. Expectations for the next six months remained optimistic, with most future indicators improving. The Philadelphia Fed Manufacturing Index averaged 9.04 points from 1968 to 2018, reaching a high of 58.50 in March 1973. And hitting a record low of -57.90 in December 1974.
Unemployment Claims
In the week ending August 11, the previous seasonally adjusted preliminary claims figure was 212K, down 2K from the revised level the previous week. The previous week’s level was adjusted by 1K from 213K to 214K. The 4-week moving average was 215,500, an increase of 1000 from the average rate the previous week.
When the US market opens, some economic data will released. Such as Prelim UoM Consumer Sentiment, CB Leading Index m/m and Prelim UoM Inflation Expectations
EUR USD Technical Analysis August 17 2018. The pair is expected to find support at 1.1335. And a fall through could take it to the next support level of 1.1300. The pair may find its first resistance at 1.1410. And a rise through could take it to the next resistance level of 1.1445. For today the expected trading range is between 1.1300, Support and 1.1445 Resistance.
The expected trend for today is Bullish.
Supports Levels: Support 1: 1.1335, Support 2: 1.1300, Support 3: 1.1260
Resistance Levels: Resistance 1: 1.1410, Resistance 2: 1.1445, Resistance 3: 1.1484
Previous day`s high: 1.1408
Previous day`s low: 1.1335
GBP USD Technical Analysis August 17 2018
USD JPY Technical Analysis August 17 2018