Daily Forex Market News 31/10/2016
EUR / USD
The EUR market declined -0.15% against the USD on Friday. EUR/USD market closed at 1. 0897. Today market will range 1.0961 – 1.0991.
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Today the EUR / USD started with 0.17% in Asia, up from yesterday close. The EUR / USD is trading now at 1.0967
Daily Camarilla Forex Technical analysis shows that the EUR/USD pair may find the immediate support at 1.0982 below which 1.0980 and 1.0979 could be tested. On the other side the immediate resistance 1.0984 and may go for further test 1.0986. A break beyond the last, doors will open for a test of 1.0987
US Election Risk Effect:
The FBI announcement that the agency is reviewing the Clinton email investigation hit the forex markets like a bolt from the blue on Friday.
The ‘Tumpometer‘ registered off the scale with USDMXN surging to 19.10. In the G-10, JPY and CHF were the beneficiaries from the sudden risk meltdown, as the Clinton campaign remains hounded by scandal. With only a two percentage point separation in the recent tracking poll, and with ‘Shy Tory ‘ effect likely to influence on election day, the race for the Whitehouse is far from over.
Today EUR Investors will look forward to the following economic data (GMT+3):
- EUR – German Retail Sales m/m at 10.00 AM
- EUR – CPI Flash Estimate y/y at 01.00 PM
- EUR – Core CPI Flash Estimate y/y at 01.00 PM
- EUR – Prelim Flash GDP q/q at 01.00 PM
- EUR – Italian Prelim CPI m/m at 01.00 PM
GBP / USD
GBP declined -0.80% against the USD and On friday GBP / USD market closed at 1.2192.
Today the GBP / USD started with -0.02%up from yesterday close. The GBP / USD is trading now at 1.2189
Daily Camarilla Forex Technical analysis shows that GBP/USD pair may find the immediate support at 1.2204 below which 1.2200 and 1.2197 could be tested. On the other side the immediate resistance 1.2210. A break beyond the last, doors will open for a test of 1.2214 and from there to 1.2217.
Upcoming Economic Market News:
- GBP – Net Lending to Individuals m/m at 12.30 PM
- GBP – M4 Money Supply m/m at 12.30 PM
- GBP – Mortgage Approvals at 12.30 PM
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USD/JPY
The JPY rose +0.05% against the USD during USA session and the pair was closed at 104.73 on Friday. Today Day’s Range 104.44 – 104.94.
Today the USD / JPY started with +0.03%, up from Friday close. The USD / JPY is trading now at 104.76
Daily Camarilla Technical analysis shows USD/JPY pair may find the immediate support at
104.56 below which 104.54 and 104.51 could be tested. On the other side the immediate resistance 104.60. A break beyond the last, doors will open for a test of 104.62 and from there to 104.65.
Upcoming Economic Market News:
- USD – Advance GDP q/q at 3.30 PM
- USD – Advance GDP Price Index q/q at 3.30 PM
- USD – Employment Cost Index q/q at 3.30 PM
- USD – Revised UoM Consumer Sentiment at 5.00 PM
- USD – Revised UoM Inflation Expectations at 5.00 PM