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Daily Analysis – Oct. 15th,

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Daily Analysis – Oct. 15th, 9:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2830, 1.2883, 1.2973
Support:  1.2783, 1.2729, 1.2700
Bias: Down. Negative news (retails sales and Producer Price numbers) out of the US caused the in-efficient move up. I expect the prices to come down and fill the gap before settling down.

 

Pair: GBPUSD

Resistance:  1.6035, 1.6066, 1.6120
Support:  1.5962, 1.5884, 1.5800
Bias: Down. Strong move down for GBP on the negative US numbers, leading to an inefficient move up. Looking for price to come back into the range.

Fundamentals

High Impact News scheduled for today:

  1. Core Retail Sales – 8:30am
  2. Retail Sales – 8:30am
  3. Empire State manufacturing Index – 8:30am
  4. Business Inventories – 10:00am

Indices and Commodities

DOW – down – 16084.74
S&P500 – up – 1,877.70
Nasdaq – up – 4,227.17
Nekei – up – 15,073.52
FTSE100 – down – 6,270.92
DAX – down – 8,639.03

Gold – up  – $1,235.80
Oil – down – $81.63

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