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Daily Analysis – Nov. 14th, 2014

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Daily Analysis – Nov. 14th, 10:00am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2470, 1.2500, 1.2550, 1.2600
Support:  1.2370, 1.2300, 1.2260
Bias: Price has broken out of the pennant to the downside. Looking at 1.2370 as the next target to the downside. strong move up.

Pair: GBPUSD

Resistance:  1.5650, 1.570, 1.5800, 1.5880, 1.5900
Support:  1.5570, 1.5500, 1.5400
Bias:  Short. GBP has been a strong downtrend with the negative interest rate news. The move may continue on today leading into the weekend.

Fundamentals

High Impact News scheduled for today:

  1. Core Retail Sales m/m – 8:30am
  2. Retail Sales m/m – 8:30pm
  3. Prelim UoM Consumer Sentiment – 9:55pm
  4. G20 meetings – All Day

Indices and Commodities

DOW – down – 17,646.14
S&P500 – up – 2,039.33
Nasdaq – up – 4,680.14
Nekei – up – 17,490.83
FTSE100 – up – 6,630.32
DAX – down – 9,235.82

Gold – down – $1,148.230
Oil – up – $74.70

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