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Friday, September 30th
EUR/USD
Current price: 1.1186 (-0.3%)
Session range: Open 1.1221 High 1.1227 Low 1.1168
Latest trend: Bearish
Expected trend: Bearish
Daily volatility: Low
Support and resistance levels: S. 1.1169 R. 1.1275
Main drivers: EU prelim. CPI, US Personal Spending
Overview: After modestly flat Asian session the pair has faced strong rejection dropping below 1.1200 support as the latest German data had shown slightly worse results as it was expected. Moreover, uncertainty around Deutsche Bank has gripped European market decreasing risk associated sentiments thereby boosting the euro bears. Focus now shifts to the preliminary EU CPI data, that expectedly will provide the pair with fresh impetus.
GBP/USD
Current price: 1.2949 (0.2%)
Session range: Open 1.2967 High 1.2978 Low 1.2936
Latest trend: Bearish
Expected trend: Bearish
Daily volatility: Low
Support and resistance levels: S. 1.2888 R. 1.3096
Main drivers: US Personal Spending
Overview: Currently the pound is attempting to recover against its American peer bouncing off three-day lows printed near the mid-point of 1.2900 level. However, the pound remains weaker at the end of this week as shrinking risk-on sentiments across the market are leaving the GBP/USD pair in red zone. Moreover, relatively stronger US currency additionally exerting bearish pressure on the pair.
USD/CAD
Current price: 1.3165 (0.2%)
Session range: Open 1.3145 High 1.3195 Low 1.3140
Latest trend: Bullish
Expected trend: Bullish
Daily volatility: Moderate
Support and resistance levels: S. 1.2989 R. 1.3261
Main drivers: US Personal Spending, Canadian GDP
Overview: The pair has caught fresh bids this morning and now is trying to break out of its narrow range on the back of lower oil prices. US dollar’s bulls have taken a breather in Asia but it seems that they are gathering pace as oil extends its profit-taking slide into early Europe. Today traders focus will remain on Canadian GDP report. Meanwhile, the oil price dynamics also will be one of the main drivers for the pair during this day.
USD/JPY
Current price: 100.97 (-0.1%)
Session range: Open 101.03 High 101.78 Low 100.74
Latest trend: Bullish
Expected trend: Bearish
Daily volatility: Moderate
Support and resistance levels: S. 99.98 R. 102.36
Main drivers: US Personal Spending
Overview: The pair breaks out of its consolidation phase this morning performing wild upper swing of 80 pips with no reason for that. However, the spike has faded quickly and now the pair is eyeing to expand its daily lows toward the region of 100.50 amid still strong risk-aversion sentiments. Nothing of note for the major, so the pair will continue to track broader markets sentiment for further momentum.
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