XtreamForex

Daily Forex Market News 27/10/2016

EUR / USD

The EUR market increases +1.13% against the USD. Yesterday EUR/USD market closed at 1. 0897. Today market will range 1.0893 – 1.0911.

Today the EUR / USD started with +0.08% in Asia, up from yesterday close. The EUR / USD is trading now at 1.0906

Daily Camarilla Forex Technical analysis shows that the EUR/USD pair may find the immediate support at 1.0891 below which 1.0885 and 1.0879 could be tested. On the other side the immediate resistance 1.0903 and may go for further test 1.0909. A break beyond the last, doors will open for a test of 1.0915

Today EUR Investors will look forward to the following economic data (GMT+3):
  • EUR – French Prelim GDP q/q at 8.30 AM
  • EUR – German Prelim CPI m/m ( All day)
  • EUR – French Consumer Spending m/m at 9.45 AM
  • EUR – French Prelim CPI m/m at 9.45 AM
  • CHF – KOF Economic Barometer at 10.00 AM
  • EUR – Spanish Flash CPI y/y at 10.00 AM
  • EUR – Spanish Flash GDP q/q at 10.00 AM

 

GBP / USD 

GBP declined -0.13% against the USD and yesterday GBP / USD market closed at 1.2163.

Today the GBP / USD started with -+0.17%, up from yesterday close. The GBP / USD is trading now at 1.2184

Daily Camarilla Forex Technical analysis shows that GBP/USD pair may find the immediate support at 1.2152 below which 1.2140 and 1.2129 could be tested. On the other side the immediate resistance 1.2174. A break beyond the last, doors will open for a test of 1.2186 and from there to 1.2197.

Upcoming Economic News:
  • USD – Employment Cost Index q/q at 3.30 PM
  • USD – Advance GDP q/q at 3.30 PM
  • USD – Advance GDP Price Index q/q at 3.30 PM

 

USD/JPY

The JPY rose +0.14% against the USD during USA session and the pair was closed at 105.28 yesterday. Today Day’s Range 105.06 – 105.32.

Today the USD / JPY started with -0.12%, down from yesterday close. The USD / JPY is trading now at 105.16

Daily Camarilla Technical analysis shows USD/JPY pair may find the immediate support at 105.19 below which 105.09 and 104.99 could be tested. On the other side the immediate resistance 105.39. A break beyond the last, doors will open for a test of 105.49 and from there to 105.59.

Upcoming Economic News:
  • USD – Advance GDP q/q at 3.30 PM
  • USD – Advance GDP Price Index q/q at 3.30 PM
  • USD – Employment Cost Index q/q at 3.30 PM
  • USD – Revised UoM Consumer Sentiment at 5.00 PM
  • USD – Revised UoM Inflation Expectations at 5.00 PM