Free Daily Forex Market News 18/10/2016

EUR / USD

The EUR gained + 0.42% against the USD after Draghi speech. Yesterday EURUSD closed at 1.0998.

Today during Asian session market is trying to rise against USD and Now Trading at 1.1021.

Today most important news’s for traders are USD – Consumer Price Index (CPI), GBP – Retail Price Index (RPI), GBP – Consumer Price Index (CPI) data will hit the market sentiment.

Support and Resistance:

Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.0995 below which 1.0990 and 1.0986 could be tested. On the other side the immediate resistance 1.1003. If market breaks the immediate resistance then door will open for a test of 1.1008 and from there to 1.1012

Upcoming Important Economic News Today:
  1. GBP – Retail Price Index (RPI)
  2. GBP – Consumer Price Index (CPI)
  3. GBP – Producer Price Index (PPI)
  4. CAD – Manufacturing Shipments, Factory Sales
  5. USD – Empire State Manufacturing Index
  6. USD – Consumer Price Index (CPI)
  7. USD – Consumer Price Index (CPI),Federal Open Market Committee (FOMC)
  8. NZD – Global Dairy Trade

GBP / USD

GBP gained +0.52% against USD and market closed at 1. 2184.

Today during Asian session market gained +0.33% from last week fall.

The pair is trading at 1.2227 during Asian session. Today GBPUSD day’s range is 1.2178 – 1.2273 Investors will keep close eye on GBP – Retail Price Index (RPI) and GBP – Consumer Price Index (CPI)

Support and Resistance:

Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is at 1.2178 below which 1.2171 and 1.2165 could be tested. On the other side the immediate resistance 1.2190. If market breaks the immediate resistance then door will open for a test of 1.2197 and from there to 1.2203.

USD/JPY

The USD declined -0.38% against JPY and yesterday market closed at 103.71

In the Asian session, the pair is trading now at 103.90 and USD rose by +0.06% against the JPY. Today Day’s Range 103.69 – 103.98.

Support and Resistance:

Daily Camarilla Technical analysis shows that USD/JPY pair may finds the immediate support at 103.83 below which 103.77 and 103.72 could be tested. On the other side the immediate resistance 103.95. If market breaks the immediate resistance then door will open for a test of 104.01 and from there to 104.06.

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