Daily Forex Market News 19/10/2016
EUR / USD
The EUR declined + 0.06% against the USD after Draghi speech. Yesterday EURUSD closed at 1.0979.
Today during Asian session market is trying to rise against USD and Now Trading at 1.0985.
Today most important news’s for the traders are USD – Crude Oil Inventories, 7. CAD – BOC Rate Statement, GBP – Unemployment Rate data will hit the market sentiment.
Support and Resistance:
Daily Fibonacci Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.0968 below which 1.0954 and 1.0930 could be tested. On the other side the immediate resistance 1.1016. If market breaks the immediate resistance then door will open for a test of 1.1030 and from there to 1.1054.
Upcoming Important Economic News Today:
- GBP – Average Earnings Index 3m/y
- GBP – Claimant Count Change
- GBP – Unemployment Rate
- GBP – MPC Member Haldane Speaks
- CAD – BOC Press Conference
- CAD – BOC Monetary Policy Report
- CAD – BOC Rate Statement
- CAD – Overnight Rate
- USD – Building Permits
- USD – Crude Oil Inventories
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GBP / USD
GBP gained +0.17% against USD and market closed at 1. 2184.
Today during Asian session market fall -0.15% from yesterday closing.
The pair is trading at 1.2279 during Asian session. Today GBPUSD day’s range is 1.2178 – 1.2325 Investors will keep close eye on
- GBP – Average Earnings Index 3m/y
- GBP – Claimant Count Change
- GBP – Unemployment Rate
- GBP – MPC Member Haldane Speaks
Support and Resistance:
Daily Fibonacci Technical analysis shows that GBP/USD pair finds the immediate support is at 1.2175 below which 1.2207 and 1.2112 could be tested. On the other side the immediate resistance 1.2325. If market breaks the immediate resistance then door will open for a test of 1.2361 and from there to 1.2420.
USD/JPY
The USD declined -0.45% against JPY and yesterday market closed at 103.84
In the Asian session, the pair is trading at 103.84. Today Day’s Range 103.66 – 103.95.
Support and Resistance:
Daily Fibonacci Technical analysis shows that USD/JPY pair may finds the immediate support at 103.69 below which 103.56 and 103.34 could be tested. On the other side the immediate resistance 104.13. If market breaks the immediate resistance then door will open for a test of 104.26 and from there to 104.48.
USD/CAD
The USD declined -1.53% against CAD and yesterday market closed at 1.3112
In the Asian session, the pair is trading at 1.3110. Today Day’s Range 1.3083 – 1.3114.
Support and Resistance:
Daily Fibonacci Technical analysis shows USD/CAD pair may finds the immediate support at 1.3065 below which 1.3044 and 1.3009 could be tested. On the other side the immediate resistance 1.3135. If market breaks the immediate resistance then door will open for a test of 1.3156 and from there to 1.3191.
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