This week three major institutions release their respective interest rate decisions; we examine the conditions and consequences of each one
Daily Market Analysis
During the summer months, EUR/CAD broke an important support line and traded with a bearish bias ever since.
AUD/JPY is trying to return to positive dynamics. The level of 74.50 which earlier acted as resistance is now functioning as support.
On October 16, GBP/AUD met resistance in the 1.9090 area (resistance line from March highs).
The earnings season in the United States continues…
On the H1 chart of NZD/CAD, the price once again bounced back from the local resistance level of 0.8404 and is on the way down to support at 0.8281.
With the Federal Reserve’s meeting and the release of Nonfarm Payrolls, EUR/USD is going to have an active week.
NZD/USD failed to overcome the resistance at 0.6430: yesterday’s close below 0.6385 confirmed the short-term victory of sellers.
This week Brent has reached the highest levels since the end of September. It looks like oil has bottomed. Yesterday the price met resistance at 61.80 (100-day MA).
Have a look at the stock of Bank of America (BAC). Last week it released a positive earnings report and investors liked it a lot.
EUR/JPY has been moving up since the start of September. At the beginning of October, it formed a higher low. T
USD/MXN has reached the support line which has been limiting its downside since the middle of 2017.