In the end of July the NZD after significant growth against USD began to weaken.
During the last week The Home Depot stocks fell by 1.94% against the growth of the S&P 500 index by 1.05%.
On Wednesday the pair corrected to the level of 109.65. USD lost positions in view of weak July statitics from the US construction market and negative data of the minutes of the recent FOMC meeting.
Yesterday the USD/CAD pair lost 1%, despite the fall of oil prices and decrease of the Canadian government bonds yield. The main cause of the fall was USA President Trump’s decision to dismiss his two business counsels.
In the last week the stock of Starbucks dropped by 0.45%. S&P500 gained 1.05% within the same period of time.
On the D1 chart the pair a returned to growth after short-term correction. The instrument is moving within a narrow range formed by the middle and upper lines of Bollinger Bands.
WTI Crude Oil price fell after EIA Crude Oil Stocks change publication, which showed the decrease of the recourses by 8.945 million barrel per week, as the oil production level increased by 79K barrel per day to 9.502 million barrel per day.
On the daily chart, the instrument is correcting down from the upper line of Bollinger Bands. The price remains just above its moving averages that are horizontal. The RSI is testing its strong resistance. The Composite is testing its resistance as well.
The inability of EUR/USD bulls to move the quotes above 1,18-1.181 will demonstrate their weakness.
Yesterday after the release of negative statistics on construction from the USA, the statement by the president of FRB Atlanta Rafael Bostic with rhetoric about distrust in long-term investments and doubts about Trump’s economic growth outlooks, and the release of FOMC minutes with concerns about recent weakness of inflation USD…