Fundamentals - news in Forex today

4:30 am EST Average Earnings Index +Bonus q/y (GBP)
4:30 am EST Claimant Count Change (GBP)
6:30 am EST BOE Inflation Report (GBP)
8:30 am EST Producers’ Price Index (USD)
8:30 am EST Retail Sales, Core retail sales (USD)
6:45pm EST Retail Sales (NZD)

Forex technical overview

EUR-USD => One more jump up is possible towards 1.4618, later we should be in a selling mood towards 1.4537.

GBP-USD => Main support at 2.0564 should be tested before moving higher towards 2.0806 / 2.0903.

USD-CHF => Aiming at 1.1307. Support at 1.1267 - 1.1252 area should hold all pullbacks.

USD-JPY => While 110.37 / 110.06 support is strong we should see tests higher to 111.51. S/L slightly below 109.75.

EUR-JPY => Aiming at 163.14. Support levels - 160.34 and 160.93. Breaking below 159.74 will set sellers mode.

EUR-GBP => From 0.7045 / 0.7034 expect a possible move up towards 0.7065 / 0.7074. Later possible sell off to 0.7016.

EUR-CHF => Aiming at 1.6494. Support levels are 1.6429 and 1.6442. Breaking below 1.6415 will set sellers mode.

AUD-USD => We should see an attempt to 0.9130 with the following pullback to 0.8815.

USD-CAD => Expect rising towards 0.9657 or even 0.9702. Later a correction towards 0.9411 may take place.

This entry was posted on Wednesday, November 14th, 2007 at 4:02 am and is filed under Daily market comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.