Early Indications, Mixed bag from Friday’s close

  • EUR/USD 1.2818/21 , has been as low as 1.2808.
  • USD/JPY 80.30/34, low of 80.25.
  • GBP/USD 1.6009/16, range so far  1.6009/20.
  • AUD/USD 1.0328/38 covers it.

Major releases today out of Australia will be the September trade balance (survey -1.55B) and retail sales (survey 0.4%). Most of the focus the next few days will be on the upcoming U.S. Presidential election with polls showing a very close fight to the finish.

 

3 Comments

  1. welcome back !

  2. thanks navk,
    just getting caught up with what’s going on.

  3. EUR$: Downside we have 1.28025, and a close below on the Daily chart would confirm a double top. Next major support comes in 1.2747/40 representing the high from 18.06.2012 and the 38.2 Fibo retracement lvl (L 1.2040/ H 1.3171). Further we have the 1.2605/00 as the 50% Fibo ret. lvl plus is seen as a psychological lvl.

    see more at: http://fxbanko.com/archives/811

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