Global macro overview for 14/10/2016
October 14, 2016 8:36 amVideo
Latest News
- Forecast for EUR/USD on April 26, 2024 April 26, 2024
- Forecast for GBP/USD on April 26, 2024 April 26, 2024
- Forecast for AUD/USD on April 26, 2024 April 26, 2024
- The ECB also has reasons to worry April 26, 2024
- The dollar: there would have been no happiness, but misfortune helped April 26, 2024
- Trading Signals for EUR/USD for April 25-27, 2024: buy above 1.0684 (21 SMA – 3/8 Murray) April 25, 2024
- Trading Signals for GOLD (XAU/USD) for April 25-27, 2024: buy above $2,324 (21 SMA – 5/8 Murray) April 25, 2024
- Analysis of GBP/USD on April 25th. The dollar suffered a local defeat to win the war April 25, 2024
- USD/JPY: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- EUR/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: trading plan for the US session on April 25th (analysis of morning deals). The pound continued its recovery April 25, 2024
- EUR/USD: trading plan for the US session on April 25th (analysis of morning deals). The dollar is ready for GDP data April 25, 2024
- Euro turns to GDP and inflation data for a lifeline – Preview April 25, 2024
- Technical Analysis – BTCUSD retreats after unsuccessful test of 50-SMA April 25, 2024
- Technical Analysis – NZDUSD advances after bounce off 5-month low April 25, 2024
- Midweek Technical Look – GBPUSD, EURJPY, Gold April 25, 2024
- Amazon earnings set for AI-driven cloud and ads boost – Stock Markets April 25, 2024
- EUR/USD. April 25th. Bulls continue to advance and expect a weak US GDP report April 25, 2024
- GBP/USD. April 25th. Bulls take advantage of weak US statistics April 25, 2024
Global macro overview for 14/10/2016:
Another good news from the US jobs market was released yesterday. TThe US unemployment claims hit 43-year low as the number of the Americans filings for unemployment benefits remained at 246k, just as a week ago (despite an anticipated slight increase to 252k during the reported period). It was the 84th consecutive week of initial claims remaining below the 300,000 level, the longest streak since 1973. In conclusion, this data is another bit of information that will be used by the Fed policymakers to justify the interest rate increase in December this year.
Let’s now take a look at the EUR/USD technical picture on the 4H time frame. As we can see, the bulls weren’t strong enough to break above the dashed blue trend line and the price was rejected at the technical resistance at the level of 1.1043. The next important support is seen at the level of 1.0958 and this is where the price should head now.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: