Oct 15
This morning the EUR is showing strength, currently up at the 1.4949 level from its open of 1.4933. Support 1.4925/30, resistance 1.4995/00 and 1.5030/35. This morning Cable is showing strength again for the third day in a row, now at around the 1.6092 level from its open of 1.5999. Next resistance at 1.6095/00. This morning the JPY/USD pair are showing strength up around the 89.46 level up from its open of 89.32.
Due for release today is the JPY Industrial Production, JPY Capacity Utilization, JPY Bank of Japan Monthly Report, EUR ECB Publishes Monthly Report, CHF ZEW Survey, EUR Euro-Zone COnsumer Price Index, EUR Euro Zone Price Index – Core, USD Consumer Price Index Ex Food and Energy, USD Initial Jobless Claims.
By Ultimate Forex Profits
Oct 14
This morning the Euro is showing strength currently up from its open of 1.4850 and now at the 1.4891 level. Sterling has also risen this morning currently at the 1.5987 level from its open of 1.5916. Technical support 1.5800/05, resistances 1.5965 and 1.5995/00. Cable has done a good job of coming back from yesterday’s low of 1.5710 , Traders are awaiting the release of U.K.’s job reports for August (Claimant count, ILO unemployment n average earnings) due at 08:30GMT. The Bank of Japan kept interest rates unchanged at 1.0% as widely expected and upgraded its view on the Japanese economy, saying it was recovering. However, the JPY/USD is showing weakness this morning hovering around the 89.00 level from its open of 89.68.
Due for release today there is GBP Jobless Claims Change, GBP Claimant Count Rate, GBP Average Earnings Exc. Bonus, EUR Eurozone Industrial Production, USD Bloomberg Global Confidence, USD Advanced Retail Sales, USD Retail Sales Less Autos, USD Import Price Index, USD FOMC Meetings Minutes, NZD Consumer Prices Index.
By Ultimate Forex Profits
Oct 12
Today the Euro has risen this morning and is currently up at the 1.4728 level. This morning Sterling has shown weakness and is currently around the 1.5768 mark, down from its open of 1.5834. This morning JPY/USD pair is showing strength and is now up at the 90.30 mark.
Due for release today there is NZD Retail Sales, GBP BRC House Price Balance, JPY Japan Money Stock, JPY Bank Lending incl. Trusts.
By Ultimate Forex Profits
Oct 07
This morning the EURO/USD pair dropped but is now showing strength and is hovering around its open of 1.4718. Cable is currently down at around the 1.5884 mark, having shown weakness for the last couple of days. Sterling lower on weaker than expected sales figures from the supermarket chain J. Sainsbury. Sales were up but not as much as analysts had expected. The JPY/USD pair is currently down at the 88.33 level, from its open of 88.76.
Due for release today there is, EUR Euro-Zone GDP, EUR Euro-Zone GDP, EUR Household Consumption, EUR Euro-Zone Gross Fixed Capital, USD Consumer Credit, JPY Trade Balance, JPY Current Account Total, JPY Adjusted Current Account Total.
By Ultimate Forex Profits
Oct 05
This morning the EUR has opened higher at 1.4634 for its open of 1.4575. This morning cable is showing strength up at around the 1.6017 level from its open of 1.5938. The pairing is being underpinned by the fact the G7 did nothing concrete to support the greenback, instead offering just the usual platitudes. After showing weakness earlier this morning the JPY has recovered and is currently back up around it open level of around 89.81.
Due for release today there is the EUR Euro-Zone Sentix Investor Confidence, EUR Euro-Zone Retail Sales, USD ISM Non-Manufacturing Composite and NZD NZIER Business Opinion Survey (3Q).
By Greg Secker
