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Daily Analysis – Oct. 9th, 2014

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Daily Analysis – Oct. 9th, 9:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2783, 1.2829, 1.2883, 1.2973
Support:  1.2700, 1.2670, 1.2594, 1.2507
Bias: Down.

Pair: GBPUSD

Resistance: 1.6235, 1.6285, 1.6330
Support:  1.6155, 1.600, 1.6063, 1.5953
Bias: Down. Looking for a bounce off of the 800EMA on the daily chart.

Fundamentals

High Impact News scheduled for today:

  1. ECB President Draghi speaks – 11:00am
  2. FOMC Member Tarullo Speaks – 1:10pm
  3. FOMC Member Fischer Speaks – 1:30pm

Indices and Commodities

DOW – down – 16,955.17
S&P500 – up – 1,968.89
Nasdaq – up – 4,468.59
Nekei – down – 15,478.93
FTSE100 – down – 6,481.32
DAX – up – 9,081.32

Gold – down  – $1,225.90
Oil – down – $86.73

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