The week started with the greenback drop against the major counterparts.
Asian and European trading sessions:
Euro: The EUR/USD pair grew and reached the $1,4000 level. The released Euro-zone industrial new orders data showed considerable increase over the predicted data. The stock markets growth also supported the euro.
US Dollar: The US dollar was decreasing against the major currencies on Monday, due to the expectations for the results of the G20 Meeting which took place in South Korea this weekend. According to the released information it has been decided not to continue devaluation of the national currencies. As a result, the speculations regarding the quantitative easing reinforced. The demand for the high-yielding assets increased, and the greenback rate dropped.
British Pound: The sterling also strengthened and the GBP/USD rate grew to the $1,5780 mark.
Japanese Yen: The yen reached its 15-year maximum against the American dollar, as a result of the G20 Meeting. The USD/JPY rate reached the level of Y80,65.
Australian Dollar: The published data supported the rate of the Australian dollar, since the possibility of the principal rate increase by the RBA, grew. The released Producer price index demonstrated substantial growth above the forecast.
Oil: The US dollar weakness as the trading week started, resulted in a stabilization of the oil prices. The oil rate was set at the level of $82.50 per barrel.
American trading session:
US Dollar: The US existing home sales data showed unexpected growth above the forecasts (10.0% against expected 4.1%). This released statistics rendered temporary support to the greenback.
Technical analysis for 26/10
EURUSD
The pair was supported by Moving Average (500) and returned to 1.39600. If the pair stays below this level the pair will decline to 1.38554 and 1.37486.
Resistance: 1.39600, 1.40690, 1.41780
Support: 1.38554, 1.37486, 1.35984
GBPUSD
The pair has declined to Moving Average (500) at 1.56722. If pair closes below this level the pair will drop to 1.54842.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53301
USDCHF
The pair has risen to 0.97915 and rolling back to 0.96480.
Resistance: 0.97915, 0.99066, 1.00209
Support: 0.97130, 0.96480, 0.95510
USDJPY
The pair has tested 80.438. The pair may roll back to 81.162.
Resistance: 81.162, 82.219, 83.330
Support: 80.438, 79.707, 79.070
AUDUSD
The pair has risen to 0.99207 and declining to 0.98436. If the pair breaks this level the pair will decline to 0.97715 and 0.96464.
Resistance: 0.99207, 1.00067, 1.00907
Support: 0.98436, 0.97715, 0.96464
Asian and European trading sessions:
Euro: The EUR/USD pair grew and reached the $1,4000 level. The released Euro-zone industrial new orders data showed considerable increase over the predicted data. The stock markets growth also supported the euro.
US Dollar: The US dollar was decreasing against the major currencies on Monday, due to the expectations for the results of the G20 Meeting which took place in South Korea this weekend. According to the released information it has been decided not to continue devaluation of the national currencies. As a result, the speculations regarding the quantitative easing reinforced. The demand for the high-yielding assets increased, and the greenback rate dropped.
British Pound: The sterling also strengthened and the GBP/USD rate grew to the $1,5780 mark.
Japanese Yen: The yen reached its 15-year maximum against the American dollar, as a result of the G20 Meeting. The USD/JPY rate reached the level of Y80,65.
Australian Dollar: The published data supported the rate of the Australian dollar, since the possibility of the principal rate increase by the RBA, grew. The released Producer price index demonstrated substantial growth above the forecast.
Oil: The US dollar weakness as the trading week started, resulted in a stabilization of the oil prices. The oil rate was set at the level of $82.50 per barrel.
American trading session:
US Dollar: The US existing home sales data showed unexpected growth above the forecasts (10.0% against expected 4.1%). This released statistics rendered temporary support to the greenback.
Technical analysis for 26/10
EURUSD
The pair was supported by Moving Average (500) and returned to 1.39600. If the pair stays below this level the pair will decline to 1.38554 and 1.37486.
Resistance: 1.39600, 1.40690, 1.41780
Support: 1.38554, 1.37486, 1.35984
GBPUSD
The pair has declined to Moving Average (500) at 1.56722. If pair closes below this level the pair will drop to 1.54842.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53301
USDCHF
The pair has risen to 0.97915 and rolling back to 0.96480.
Resistance: 0.97915, 0.99066, 1.00209
Support: 0.97130, 0.96480, 0.95510
USDJPY
The pair has tested 80.438. The pair may roll back to 81.162.
Resistance: 81.162, 82.219, 83.330
Support: 80.438, 79.707, 79.070
AUDUSD
The pair has risen to 0.99207 and declining to 0.98436. If the pair breaks this level the pair will decline to 0.97715 and 0.96464.
Resistance: 0.99207, 1.00067, 1.00907
Support: 0.98436, 0.97715, 0.96464