USDCHF:
Currency Strategist / Yehia Noo®
The pair loses across the board yesterday on
the heels of stronger equity markets around the globe as
tension around Syria cooled down somewhat.
Recommend:
pivot: 0.9380
Entry: Short position below 0.9380
Targets: 0.9335, 0.9300 then 0.9265 in extension
Stop: above 0.9410
Alternative scenario: a break above 0.9410
pivot: 0.9380
Entry: Short position below 0.9380
Targets: 0.9335, 0.9300 then 0.9265 in extension
Stop: above 0.9410
Alternative scenario: a break above 0.9410
will call for 0.9450 where Re-entry short
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EURUSD:
The euro consolidates yesterdays profits against the dollar and consolidates in a tight range at the highs. The trend remains up in
Recommend:
pivot: 1.3202
Entry: Long position above 1.3202
Targets: 1.3235,13275 then 1.3317 in extension
Stop: below 1.3155
Alternative scenario: a break below 1.3155
pivot: 1.3202
Entry: Long position above 1.3202
Targets: 1.3235,13275 then 1.3317 in extension
Stop: below 1.3155
Alternative scenario: a break below 1.3155
may put 1.3102 where Re-entry Long
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USDJPY:
USD/JPY establishes itself comfortably above
the 100 yen level after a strong rally last morning session.
Recommend:
pivot: 99.75
Entry: Long position above 99.75
Targets: 100.20,100.60 then 101.00 in extension
Stop: below 99.45
Alternative scenario: a break below 99.45
pivot: 99.75
Entry: Long position above 99.75
Targets: 100.20,100.60 then 101.00 in extension
Stop: below 99.45
Alternative scenario: a break below 99.45
may put 99.00 where Re-entry Long
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GBPUSD:
GBP/USD remains strong and consolidates near
the August highs (1.5716).
A dip below the 1.5700 after lunch was quickly bought
30 pips towards 1.5720.
Recommend:
pivot: 1.5670
Entry: Long position above 1.15670
Targets: 1.5700,1.5750 then 1.5790 in extension
Stop: below 1.5625
Alternative scenario: a break below 1.5625
pivot: 1.5670
Entry: Long position above 1.15670
Targets: 1.5700,1.5750 then 1.5790 in extension
Stop: below 1.5625
Alternative scenario: a break below 1.5625
may put 1.5585 where Re-entry Long
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Today's Calendar GMT+00
Time | Cur. | Imp. | Event | Actual | Forecast | Previous | |
---|---|---|---|---|---|---|---|
Wednesday, September 11 | |||||||
00:30 | AUD | Westpac Consumer Sentiment | 4.70% | 3.50% | |||
05:30 | EUR | French Non-Farm Payrolls (QoQ) | -0.2% | -0.2% | |||
06:00 | EUR | German CPI (MoM) | 0.0% | 0.0% | |||
06:00 | EUR | German CPI (YoY) | 1.5% | 1.5% | |||
06:45 | EUR | French Current Account | -1.40B | ||||
08:30 | GBP | Average Earnings ex Bonus | 1.0% | 1.1% | |||
08:30 | GBP | Average Earnings Index +Bonus | 1.2% | 2.1% | |||
08:30 | GBP | Claimant Count Change | -22.0K | -29.2K | |||
08:30 | GBP | Unemployment Rate | 7.8% | 7.8% | |||
09:00 | GBP | CB Leading Index (MoM) | -0.2% | ||||
09:35 | EUR | German 10-Year Bund Auction | 1.800% | ||||
11:00 | USD | MBA Mortgage Applications (WoW) | 1.3% | ||||
14:00 | USD | Wholesale Inventories (MoM) | 0.3% | -0.2% | |||
14:30 | USD | Crude Oil Inventories | -1.500M | -1.836M | |||
14:30 | USD | EIA Weekly Distillates Stocks | 0.488M | 0.549M | |||
14:30 | USD | Gasoline Inventories | -1.250M | -1.827M | |||
17:00 | USD | 10-Year Note Auction | 2.620% | ||||
23:50 | JPY | Core Machinery Orders (MoM) | 2.4% | -2.7% | |||
23:50 | JPY | Core Machinery Orders (YoY) | 7.6% | 4.9% | |||
23:50 | JPY | Foreign Bonds Buying | -530.9B |
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