European stock markets rose on Thursday thanks to better data on industrial production in China. On the other hand, some traders' shares have experienced difficulties after the French chain Carrefour SA warned of worse results. "Let's not be fooled. Tensions between Pyongyang and Washington still reflect the market, but as long as relations are in relative stagnation, bullying will continue to prevail. Now traders take advantage of lull and gain strength, but the momentum of the stock will hardly last long, "said David Madden, market analyst at CMC Markets. Stock exchanges in Europe have recently been defeated by the stronger euro, which hit nearly a 2-year high against the dollar and an eight-year high against the British pound. A strong euro should be a warning flag for the European Central Bank. Thus, it may terminate the asset buyout program, but this will happen at a slower pace. Anonymous sources told Reuters.
According to Eurostat preliminary data, inflation in the Eurozone should have increased by 1.5 percent in August. US stocks advanced on Thursday and the main indices recorded fifth consecutive monthly growth. Meanwhile, the rally of the biotech companies has fired Nasdaq Composite at record levels. Earlier in the day, the better financial results of some companies raised the mood of Wall Street. According to a large number of analysts, the markets are still reflecting the positive performance of the business and the emerging economy over the past few months. The lower number of applications for unemployment benefit suggests that the labor market continues to recover. On the other hand, consumer spending, which is the most important engine of the economy, rose in July due to higher incomes due to the summer tourist season and low. The euro marked a volatile session against the dollar on Thursday. Eventually, the pair remained at the higher levels of the previous day. If the bullish moods continue to prevail, the resistance at 1.2102 will be tested soon. Trading started at a price of 1.1802, with the bearish trend leading. After the bottom of the day was hit at 1.1822 the direction changed and the final was put at a price of 1.1909.
Support: 1.1735; 1.1670;
Resistance: 1.2102;
GBP / USD
The pound recorded a second consecutive dynamic session against the dollar on Thursday. The pair is still close to the resistance at 1.2965 and if the British currency justifies the positive expectations, the key level will be overcome soon. Trading on Thursday was open at 1.2924, and the final was just 5 pips higher. The trend was volatile, as early as the bearish sentiment prevailed and the currencies hit bottom at 1.2852.
Support: 1.2769; 1.2722;
Resistance: 1.2989; 1.3030;
USD / CHF
The dollar lost positions against the Swiss franc on Thursday. The US currency broke the positive momentum of the past two days. The session started at a rate of 0.9632 and the final line was truncated 47 pips up. The trend was volatile, at first the bulls prevailed, and the pair made a resistance test at 0.9697, recording a peak at 0.9679. The dollar then collapsed.
Support: 0.9387;
Resistance: 0.9697; 0.9771;
USD / JPY
The dollar broke the two-day defeat against the yen on Thursday. The sessions were opened at a price of 110.23, at which time the bulls continued the positive trend. But around noon, the direction changed sharply, and the US currency lost the lead. So the bottom was hit at 109.87, and the final was 9 pips up. If the bearish sentiment remains, the currencies will test the support at 108.62.
Support: 108.61; 108.28;
Resistance: 110.94;
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