Volatility Expected to be Low as U.S. Market Closed
October 13, 2014 9:00 amVideo
Latest News
- Forecast for EUR/USD on May 31, 2024 May 31, 2024
- Forecast for GBP/USD on May 31, 2024 May 31, 2024
- Forecast for USD/JPY on May 31, 2024 May 31, 2024
- Overview of GBP/USD on May 31. The pound is rising again May 31, 2024
- Technical Analysis – US 30 index on the slide for the second week May 30, 2024
- Technical Analysis – Meta stock consolidates below 50-day SMA May 30, 2024
- Analysis of EUR/USD pair on May 30th. An unexpected stop near the 1.0788 mark May 30, 2024
- Euro suffers when ECB announces the first rate cut of the cycle – Special Report May 30, 2024
- Trading Signals for EUR/USD for May 30-31, 2024: buy above 1.0800 (200 EMA – rebound) May 30, 2024
- USD/JPY: Simple trading tips for novice traders for May 30th (US session) May 30, 2024
- Trading Signals for GOLD (XAU/USD) for May 30-31, 2024: buy above $2,345 (oversold – 200 EMA) May 30, 2024
- GBP/USD: Simple trading tips for novice traders for May 30th (US session) May 30, 2024
- EUR/USD: Simple trading tips for novice traders on May 30th (US session) May 30, 2024
- GBP/USD: trading plan for the US session on May 30th (analysis of morning deals). The pound recovered slightly May 30, 2024
- EUR/USD: trading plan for the US session on May 30th (analysis of morning deals). The euro recovered slightly May 30, 2024
- Forex forecast 05/30/2024: EUR/USD, GBP/USD, SP500 and Bitcoin from Sebastian Seliga May 30, 2024
- Technical Analysis – ETHUSD pulls back from 2-month high May 30, 2024
- Technical Analysis – USDCHF plunges near rising trend line May 30, 2024
- EUR/USD. May 30th. Bears have taken the offensive. The euro is rapidly falling May 30, 2024
- Forecast of GBP/USD pair on May 30, 2024 May 30, 2024
October 13, 2014 – Forex News
Hot Asset for Today: EUR/USD
EUR/USD
The EUR/USD opened the week at 1.2620 and during the Asian session the pair almost climbed to 1.2700. The pair reacted to a dovish speech from the vice-chairman of the Fed, Stanley Fischer, who spoke at a panel discussion during the International Monetary Fund meeting. He spoke about the worsening global outlook and stated that based on this, the Fed will be unlikely to increase interest rates soon. Mario Draghi, the President of the European Central Bank also provided a dovish statement and re asserted his readiness to expand the balance sheet by 1 trillion Euros if needed.
Volatility should remain low today as the U.S. market will remain closed for Columbus Day. The movement is sideways. Support is found at 1.2600 and resistance at 1.2700.
GBP/USD
The GBP/USD rose during the Asian session but as the European session started, bearish sentiment entered the market and the pair retraced 50% of its previous gains. On Friday, Britain’s right wing, anti EU, independence party won its first elected seat in the British parliament by a huge margin. The party came close to winning a second seat and this could cause the British Pound to decline. If the possibility of the UK withdrawing from the EU increases further, the pair could easily slide down to 1.2500.
The movement is slightly bearish. Support is found at 1.6000 and resistance at 1.6225.
Related Posts: