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Daily Analysis – Oct. 17th, 2014

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Daily Analysis – Oct. 17th, 9:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2839, 1.2883, 1.2973, 1.3155
Support:  1.2757, 1.2700, 1.2670, 1.2625
Bias: Trade the range. Look for short entries at the top of the range (1.2839)and long at the bottom.

Pair: GBPUSD

Resistance:  1.6120, 1.6165, 1.6220
Support:  1.6020, 1.5953, 1.5884, 1.5800
Bias: Trade the range. Look for short entries at the top of the range (1.6120)and long at the bottom.

Fundamentals

High Impact News scheduled for today:

  1. Building Permits – 8:30am
  2. Fed Chair Yellen Speaks – 8:30am
  3. Housing Starts – 8:30am
  4. Prelim UoM Consumer Sentiment – 9:55am

Indices and Commodities

DOW – down – 16,117.24
S&P500 – up – 1,862.76
Nasdaq – up – 4,217.39
Nekei – down – 14,532.51
FTSE100 – up – 6,258.96
DAX – up – 8,745.26

Gold – down  – $1,237.40
Oil – up – $83.08

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