{"id":110243,"date":"2017-08-03T12:45:42","date_gmt":"2017-08-03T16:45:42","guid":{"rendered":"http:\/\/countingpips.com\/?p=110243"},"modified":"2017-08-03T12:45:42","modified_gmt":"2017-08-03T16:45:42","slug":"market-watch-thursday-august-3nd-euro-slows-aussie-has-dropped-and-more","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/market-watch-thursday-august-3nd-euro-slows-aussie-has-dropped-and-more\/","title":{"rendered":"Market Watch \u2013 Thursday August 3nd \u2013 Euro slows, Aussie has dropped, and more"},"content":{"rendered":"
August 3, 2017<\/div>
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By<\/b> Mexgroup.com<\/a><\/p>\n

\u00a0<\/strong>Euro slows down after rally.\u00a0<\/strong>The euro has slowed down after hitting its 2 \u00bd year high of $1.19105\u00a0last night. The euro has lost its support from expectations of changes in European Central Bank policy. The recent build-up of euro bullish bets for a test of the $1.20 level points to the risk of a pull-back.<\/p>\n

Dollar index pulls up from 15-month lows<\/strong>. After sliding to 92.548, its weakest level since May 2016 on Wednesday the dollar index rose about 0.1% on Thursday.\u00a0The dollar is seriously oversold against every other currency and “should” correct.<\/p>\n

GBP is steady ahead of the rate decision.\u00a0<\/strong>Sterling held steady ahead of the Bank of England’s (BoE) interest rate decision due later on Thursday. The pound last changed on Wednesday, it rose to $1.3250, its highest level in nearly 11 months.<\/p>\n

Aussie has dropped on Trade Balance report.\u00a0<\/strong>After the release of data that showed\u00a0the\u00a0trade surplus<\/a>\u00a0narrowed more than expected in June, largely on account of a 1% drop in the exports, the\u00a0AUD\/USD<\/a>\u00a0pair hit a 6-week low of 0.7924.<\/p>\n

AUD\/USD Technical Levels<\/strong><\/p>

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A break below 0.7892 [23.6% Fib R of 0.7328-0.8066] would open up downside towards support level 0.7787 and 0.7749. On the higher side, breach of resistance at 0.7963 could yield a revisit to 0.80 and 0.8043.<\/p>\n

\"AUD<\/a><\/p>\n

The post Market Watch – Thursday August 3nd – Euro slows, Aussie has dropped, and more<\/a> appeared first on mexgroupblog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mexgroup.com \u00a0Euro slows down after rally.\u00a0The euro has slowed down after hitting its 2 \u00bd year high of $1.19105\u00a0last night. The euro has lost its support from expectations of changes in European Central Bank policy. The recent build-up of euro bullish bets for a test of the $1.20 level points to the risk of […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-110243","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=110243"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110243\/revisions"}],"predecessor-version":[{"id":110244,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110243\/revisions\/110244"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}