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  • Writer's pictureShivkumar

21st October - Forex Analysis & Economic Data - By Shivkumar

  • USD/JPY USD/JPY is about flat on the day at 105.39 at the time of writing.

Bullish/ Bearish: - The US stimulus saga continues and it is up in the air just as it ever was. The clock is ticking, US stimulus talks will continue later today.

  • XAU/USD keeps mild gains above $1,900 amid stimulus hopes.

Bullish/ Bearish: - Gold prices rise to $1,913, up 0.36% intraday as markets in Tokyo open for Wednesday’s trading. The yellow metal benefited from the broad US dollar weakness, amid hopes of the American COVID-19 stimulus, during the previous day.

  • AUD/USD: -AUD/USD takes rounds to 0.7060/55 during Wednesday’s Asian session.

Bullish/ Bearish: - is currently trading around 0.7045, surrounding the 0.7000 threshold. Until then, the level of 0.7101 holds the key for the bulls’ entries.

  • EUR/USD EUR/USD stays mildly positive around intraday high of 1.1834.

Bullish/ Bearish: - any downside below at 1.1800, can recall targeting the monthly support line, currently around 1.1710. Or EUR/USD bulls remain positive beyond 1.1860, the 1.1900 threshold and peak surrounding 1.1920.

  • NZD/USD NZD/USD pierces 0.6600, up 0.42% intraday, by press time of early Wednesday. New Zealand’s economy depends majorly on the dairy industry and hence any positive news for the same can help the NZD bulls.


  • JPY: - Bank of Japan speech. Medium to high impact on market.

  • GBP: - Consumer price index, Public sector borrowing, producer price index, PPI core input. Medium to high impact on the market.

  • EUR: - European Central Bank speech, Data. Medium to high impact on the market.

  • USD: - Fed Speech & Books. Medium to high impact on the market.

  • CAD:- Consumer price index, Retail sale, Housing policy. Medium to high impact on the market.

Good Luck & Let’s approach the market with proper education, Risk & Money Management rules.

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