Trader Daily Market Update |
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| Major Calendar News |
| Time (GMT) | Name | Country | Vol. | Prev. | Cons. | Sentiment |
|---|
| 10:45 | BOE Governor Carney Speech | GBP | High | - | - | Neutral | | 14:45 | Flash Services PMI | USD | Med. | 54.3 | 53.9 | Neutral | | 15:00 | CB Consumer Confidence | USD | High | 96.5 | 96.6 | Neutral | | 00:30 (27/01) | CPI q/q | AUD | High | 0.5% | 0.3% | Neutral |
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| Vol.: Volatility; Prev.: Previous; Cons.: Consensus |
| Key Support/Resistance Levels |
| H4 | R2 | R1 | Pivot | S1 | S2 |
|---|
| EURUSD | 1.0900 | 1.0876 | 1.0833 | 1.0808 | 1.0766 | | GBPUSD | 1.4343 | 1.4291 | 1.4258 | 1.4205 | 1.4170 | | USDJPY | 119.10 | 118.66 | 118.42 | 117.98 | 117.73 | | AUDUSD | 0.7064 | 0.7001 | 0.6968 | 0.6904 | 0.6872 | | USDCAD | 1.4413 | 1.4355 | 1.4239 | 1.4183 | 1.4066 |
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| Latest News |
China’s Shanghai Index tumbled over 6% this morning, prompting investors to jump back into safe-haven currencies with USDJPY falling below 118 – currently trading at 117.80. Meanwhile, the risk-off sentiment coupled with oversupply fears has oil prices on the back-foot again, stimulating USDCAD to add 30 pips in early trading thus far and regain the 1.43 handle. Bank of England’s Governor Carney is scheduled to testify today in London on the Financial Stability Report before the Treasury Select Committee. Elsewhere, The FED begins its two day meeting today, with its interest rate announcement scheduled for tomorrow. The US will publish its Redbook retail sales index this afternoon, which has been steadily trending down, mostly due to falling energy prices which have been deflating the value of gasoline sales. Lastly, consumer confidence in the US is projected to remain relatively unchanged vs. last month, at 96.6. |
| Daily Technical Analysis |
| | Summary: | Trend: | Momentum: | Daily Target: | Volatility (14D): |
|---|
| EURUSD | BUY | SIDEWAYS | BUY | 1.0900 | 89 Pips | | GBPUSD | SELL | SELL | SELL | 1.4140 | 118 Pips | | USDJPY | SELL | NEUTRAL | SELL | 117.40 | 104 Pips | | AUDUSD | SELL | SELL | SELL | 0.6875 | 92 Pips | | USDCAD | BUY | BUY | BUY | 1.4405 | 157 Pips |
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| Daily Technical Analysis is conducted using proprietary technology based on advanced methods of time-series analysis and custom build technical indicators. Detailed quantitative analysis of the market state on different timeframes let us accurately evaluate current Trend and Momentum. Going further we deduce the daily target from the multiple factors such as long and short term momentum, different volatility measures, mode of market behaviour and other characteristics. For a ranged market we will show a range instead of a single number. |
| Daily Forecasts |
| | Spot Price* | Last Update | 1 Day | 1 Week | 1 Month |
|---|
| EURUSD | 1.0851 | 26/01/2016 | 1.0900 | 1.08 | 1.07 | | GBPUSD | 1.4229 | 26/01/2016 | 1.4170 | 1.43 | 1.45 | | USDJPY | 118.01 | 26/01/2016 | 117.50 | 118 | 119 | | AUDUSD | 0.6875 | 26/01/2016 | 0.6970 | 0.69 | 0.69 | | USDCAD | 1.4290 | 26/01/2016 | 1.4415 | 1.44 | 1.45 |
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*spot prices as of 07:00GMT Daily Forecasts consists of both technical and fundamental analysis as well as a review of open sources from major FX contributors. |
