Free Daily Forex Market News 17/10/2016

EUR / USD

The EUR declined more – 0.40% against the USD. On Friday EURUSD closed at 1.0972.

Today during Asian session market is trying to rise against USD and Now Trading at 1.0987.

Italian Trade Balance and Final Consumer Price Index (CPI) data will be released.

Today most important news’s for traders are EUR – ECB President Draghi Speaks, USD – FOMC Member Fischer Speaks, UK– MPC Member Broadbent Speaks data will hit the market sentiment.

Support and Resistance:

Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.0965 below which 1.0965 and 1.0964 could be tested. On the other side the immediate resistance 1.0967. If market breaks the immediate resistance then door will open for a test of 1.0967 and from there to 1.0968.

Upcoming Important Economic News Today:

EUR – ECB President Draghi Speaks.
EUR – Italian Trade Balance.
EUR – German Buba President Weidmann Speaks.
GBP – MPC Member Broadbent Speaks.
CAD – Foreign Securities Purchases.
USD – Empire State Manufacturing Index.
USD – Capacity Utilization Rate.
USD – Industrial Production m/m.
USD – FOMC Member Fischer Speaks.

GBP / USD

GBP declined -0.96% against USD on Friday and market closed at 1.2187.

Today during Asian session market declined -0.25% from last week fall.

The pair is trading at 1.2155 during Asian session. Today GBPUSD day’s range is 1.2152 – 1.2182

Investors will keep close eye on GBP – BOE Credit Conditions Survey and GBP – BOE Gov Carney Speaks.

Support and Resistance:

Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is at 1.2175 below which 1.2172 and 1.2170 could be tested. On the other side the immediate resistance 1.2181. If market breaks the immediate resistance then door will open for a test of 1.2184 and from there to 1.2186.

USD/JPY

The USD rose +0.04% against the JPY and yesterday closed at 103.71

In the Asian session, the pair is trading at 103.95 and USD rose +0.22% against the JPY. Today Day’s Range 103.61 – 103.97.

Support and Resistance:

Daily Camarilla Technical analysis shows that USD/JPY pair may finds the immediate support at 103.57 below which 103.45 and 103.33 could be tested. On the other side the immediate resistance 103.81. If market breaks the immediate resistance then door will open for a test of 103.93 and from there to 104.05.