The euro/dollar’s 5-day growth has ground to a halt. Trading in Europe saw the euro down due to the ECB’s Ewald Nowotny sticking his oar in and then the US stats came out in the evening which added to the fall. Nowotny suggested that the ECB should adopt additional measures to aid inflation growth.
The US’ CPI for September was down slightly on August, but it remained unchanged when expressed annually. The labor market data turned out better than expected.
The number of initial unemployment benefit applications in the US the week ending 10th October stood at 255,000 (forecasted: 270k, previous: 262k).
The September CPI for the country was -0.2% MoM and 0.0% YoY (forecasted: -0.2% MoM and -0.1% YoY, previous: -0.1% MoM and 0.2% YoY). The index without energy and food for the month stood at 0.2% (forecasted: 0.1%, previous: 0.1%).
The New York Federal Reserve October business activity index was -11.4 (forecasted: -7.4, previous: -14.7).
Main news of the day:
The daily candle for Thursday has covered Wednesday’s candle. Due to this, the euro’s fall could continue with even more gusto. Look at how the situation developed on the market after 18th September of this year.
The euro/dollar has fallen from a 1.1494 maximum by 112 degrees. The euro has stopped by the trend line. Taking the candle formation on the daily into account, there’s reason to suspect that it will be broken after a rebound and the euro’s demise hastens. We could see the rate back to 1.1280 by 19th October.
The ECB’s Ewald Nowotny stopped the euro dead in its tracks near the resistance. The upper limit of the resistance zone crosses through 1.1535. Thursday’s candle swallowed up Wednesday’s. I’ve marked out two similar parts on the graph. If the eurobears begin to pull off this pattern, we’ll need to wait for a return of the euro to 1.1280. Now to the Weekly.
On Wednesday the euro left the 1.1086-1.1459 range and on Thursday it closed around 1.1370. An upturned pattern has formed on the daily. If the week closes with a pinbar, we’ll be waiting for a fall to 1.1280 and below.
Make Yourself at Home on the Forex Market
Alpari Cashback: decide for yourself, what trading terms on the Forex market will work for you! Trade, invest, top up your accounts at Alpari and get bonus points to further enhance your trading and investment terms.Register
Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.
We're sorry, an error has occurred. Please try again later.
Notification of this error has been sent to our technical support team.
To be redirected to the European Alpari website, operated by Alpari Europe Ltd.,
a company registered in Malta and regulated by MFSA, click Continue. To remain on this page, click Cancel.
Попробуйте опубликовать пост еще раз либо свяжитесь со службой поддержки социальной сети «ВКонтакте».
У вас есть 24 часа, чтобы получить 50 бонусных баллов за свой репост! Эти баллы вы сможете использовать для улучшения торговых и инвестиционных условий в Альпари, а также уменьшения комиссий за денежные переводы.
Просто авторизуйтесь в своем Личном кабинете или зарегистрируйтесь,
если у вас его еще нет.
Обратите внимание, что для получения баллов нужно разрешить доступ к своей странице ВКонтакте сайту alpari.com/ru/.
Для этого на странице «Мои настройки» во вкладке «Приватность» в разделе «Прочее» вашего аккаунта ВКонтакте в пункте «Кому в интернете видна моя страница» выберите «Всем».
Field filled incorrectly.
This field is required.
This field is required.
Incorrect login or password.