Forex Market Updates as on Tuesday October 10, 2017

Posted by: In: Market News 10 Oct 2017 Comments: 0

The pullback in the EUR/USD pair from the high of 1.2092 seems to have bottomed out 1.17 levels despite the Catalan crisis.

NZD/USD pair is seen replicating yesterday’s Asian moves, as its recovery mode from four-month lows stalls once again near 0.7085 levels, despite broad USD weakness.

GBP/USD pair found fresh bids once again near 1.3230 region in the Asian trades, as the bulls fight back control, following the release of upbeat UK BRC retail sales data.

AUD/JPY took out 50-DMA level of 87.60 and rose to a high of 87.78 on the back of the upbeat NAB business confidence number and hawkish comments from NAB’s Chief Economist.

Gold edged higher for the third consecutive session on Tuesday and is currently placed at over one-week highs, around the $1287-88 region.

Livesquawk out with the latest comments from the OPEC’s Secretary General Mohammed Barkindo, citing: World oil demand growth increasingly moving to India. Global oil demand growth in 2017 at 1.45 mln b/d, seen staying at around 1.4 mln in 2018.

 

Daily Support & Resistance Level

Currency Pair S3 S2 S1 Pivot Points  R1 R2 R3
EUR/USD 1.1703 1.1717 1.1725 1.1739 1.1753 1.1761 1.1775
USD/JPY 112.40 112.49 112.55 112.64 112.73 112.79 112.88
GBP/USD 1.3025 1.3067 1.3092 1.3134 1.3176 1.3201 1.3243
USD/CHF 0.9760 0.9773 0.9780 0.9793 0.9806 0.9813 0.9826
NZD/USD 0.7039 0.7050 0.7058 0.7069 0.7080 0.7088 0.7099
AUD/USD 0.7729 0.7742 0.7750 0.7763 0.7776 0.7784 0.7797
XAU/USD 1271.36 1275.16 1277.51 1281.31 1285.11 1287.46 1291.26
CRUDE OIL WTL 48.84 49.09 49.25 49.50 49.75 49.91 50.16

 

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