Forex Market
USD/JPY Analysis
Dollar-yen closed in NY at fresh 4 month highs of Y80.34, the rate recovered from a pullback low of Y79.95 after slipping on denied talk of a US downgrade.
Asian Currencies Technicals
AUD/USD: Focus Remains Higher For Now. The $1.0290 level remains key support to end the week with a close below needed to relieve the current topside focus following the past two days of higher highs and lows.
Americas FX Daily
G10 central bank doves take flight What happened overnight – Riksbank kept rates on hold, in line with consensus, with dovish bias – UK Q3 GDP surprises stronger than expected – RBNZ was unchanged and less dovish than expected – Singapore industrial production disappointed badly in September
FX Market Analysis
EUR: Opened early Europe at $1.2995, Euro-dollar opened flat in Asian trade and remained in consolidation mode, before the pair lifted on sharp cross demand to $1.2985.
European FX Daily
– RBNZ unchanged and less dovish than expected – Singapore industrial production disappointed badly in September – UK GDP likely up 0.5% in Q3 – We expect strong data from the US
Technical Analysis
Bit of a split risk universe with commodities and equities weak whereas commodity currencies such as AUD stronger, JPY weaker and the greenback doing nothing in index terms.
FX Market Technical Research
EUR/USD: Focus Turns To 23.6% Fibo And July Support Line. The pair looks to correct further, focus on the 23.6% Retracement support level at $1.2906, as daily tech studies turn bearish.
GBP/USD Analysis
Cable slipped to $1.6017 after the Fed’s announcement to leave rates and policies unchanged, the rate later bounced to close around $1.6040 as risk appetite increased.
EUR/USD Analysis
The Federal Reserve left rates and polices unchanged yesterday, as expected. Euro-dollar closed in NY at $1.2970, the rate recovered from a pullback low of $1.2941 after earlier posting a high of $1.2983.
USD/JPY Analysis
Dollar-yen closed in NY at Y79.78 with trade tied to a narrow 10 pip range. The rate slipped to Y79.73 on the Fed’s announcement to leave rates and policies unchanged, dip demand later recovered.
Asian Currencies Technicals
AUD/USD: Focus Returns To Oct 18 Highs. After heading higher once more the AUD/USD found support on a dip back to the $1.0290 level which again becomes initial support.
FX Market Analysis
EUR: Opened early Europe at $1.2975, equities opened sharply lower in early Asian trade and euro-dollar slipped to $1.2972. Dip demand recovered to $1.2992 as the dollar softened across the board, before the pair met resistance ahead of $1.3000, later easing to $1.2985.