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Daily Analysis – Nov. 13th, 2014

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Daily Analysis – Nov. 13th, 9:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2470, 1.2500, 1.2550, 1.2600
Support:  1.2400, 1.2350
Bias: Price is trading in a pennet. If it holds above 1.2500, it could have a strong move up.

Pair: GBPUSD

Resistance:  1.5880, 1.5900, 1.6000, 1.6120
Support:  1.5700, 1.5630, 1.5570
Bias:  Expect a retrace back into the range after the extended move down yesterday.

Fundamentals

High Impact News scheduled for today:

  1. Unemployment Claims – 10:00am
  2. FOMC Member Plosser Speaks – 12:30pm
  3. Fed Chair Yellen Speaks – 12:45pm

Indices and Commodities

DOW – up – 17,658.59
S&P500 – up – 2,041.04
Nasdaq – up – 4,683.33
Nekei – up – 17,393.00
FTSE100 – up – 6,622.82
DAX – up – 9,229.99

Gold – up – $1,162.30
Oil – down – $76.31

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