4 August 2015, 18:03  The dollar weakens slightly

The dollar weakened slightly but remained broadly unaltered following the release of US June factory orders data, which came in mainly in line with expectations, as FX market goes through a consolidation phase ahead of key jobs report on Friday. Orders for goods produced in US factories rose 1.8% in June, matching consensus forecast and following a downwardly revised -1.1% fall the previous month. Excluding transportation, orders grew 0.5% from previous -0.1%. EUR/USD rose a few pips toward the 1.0980 area, but it was unable to gather pace and remained confined to its daily range. At time of writing, the pair is trading at 1.0975, still 0.25% above its opening price. In terms of technical levels, EUR/USD could find next resistances at 1.0995/1.1000, 1.1027 and not much until the 1.1100. On the other hand, supports are seen at 1.0931, 1.0920 and 1.0900.

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