23rd October - Forex Analysis & Economic Calender Impact - By Shivkumar
USD/JPY USD/JPY tested former support-turned-hurdle at 104.94, a few minutes ago as Japan's consumer prices slipped for the second straight month in September.
GBP/USD GBP/USD has breached the support at 1.3083 (Oct. 12 high), extending Thursday's 0.48% decline.
Bullish/ Bearish: - On the way higher, the pair may encounter resistance at 1.3174, followed by 1.3267, On the downside, support is seen at 1.3011. At press time, the pair is trading at 1.3068.
XAU/USD: -Bears seeking a continuation below key daily support.
EUR/USD EUR/USD has dropped in Tokyo as the US dollar climbs across the board ahead of the Presidential Debate.
Bullish/ Bearish: - EUR/USD is dropping below crucial support as the dollar rallies ahead of the Presidential Debate. the euro has traded between a low of 1.1786 and 1.1823.
ECONOMIC DATA AND ITS IMPACT
GBP: - Retail sales, manufacturing data. Medium impact on the market.
EUR: - Retail sales, manufacturing data Data. Medium to high impact on the market.
USD: - Presidential debate, Oil Manufacturing, services data. High impact on the market.
Good Luck & Let’s approach the market with proper education, Risk & Money Management rules.
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