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Daily Analysis – Nov. 12th, 2014

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Daily Analysis – Nov. 12th, 10:30am EST

Technical Analysis

Pair: EURUSD

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

Pair: GBPUSD

Resistance:  1.5880, 1.5900, 1.6000, 1.6120
Support:  1.5800, 1.5730, 1.5630
Bias:  After the big news driven move down during London session, the price may push down some more before coming back into the range.

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 – down – 17,578.20
S&P500 – down – 2,035.04
Nasdaq – down – 4,652.06
Nekei – up – 17,197.05
FTSE100 – down – 6,606.84
DAX – down – 9,219.38

Gold – up – $1,164.30
Oil – down – $77.25

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