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Daily Analysis – Nov. 11th, 2014

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Daily Analysis – Nov. 11th, 9:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2470, 1.2500, 1.2550, 1.2600
Support:  1.2400, 1.2350
Bias: Neutral. Expect the price trade within the range (1.2500 – 1.2370).

Pair: GBPUSD

Resistance:  1.5880, 1.5900, 1.6000, 1.6120
Support:  1.5833, 1.5800, 1.730
Bias:  Neutral. Expect the price trade within the range (1.5920 – 1.5800).

Fundamentals

High Impact News scheduled for today:

  1. Wholesale Inventories m/m – 10:00am
  2. FOMC Member Kocherlakota Speaks – 12:00pm

Indices and Commodities

DOW – up – 17,613.74
S&P500 – up – 2,038.26
Nasdaq – up – 4,651.62
Nekei – down – 16,781.00
FTSE100 – up – 6,611.26
DAX – up – 9,355.28

Gold – down – $1,154.50
Oil – up – $77.54

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