Forex news for US trading on October 15, 2015

Fundamentally speaking, the US had JOLTs job opening data come out a little weaker than expectations but still at high levels. The University of Michigan consumer confidence came out better than expected. In Canada, manufacturing sales were better at -0.2% vs -1.0% estimate. Later in the day, Bakers Hughes rig counts declined for the 7th consecutive week. and CFTC Commitment of Traders report showed that traders liquidated positions modestly in the current surveyed week.

The greenback was higher vs. all the major currency pairs - rising the most vs the AUD. The AUDUSD tested the 100 day MA at the 0.73508 level today/this week, and traders used the MA to lean against for shorts. The price did most of the selling in the Asian Pacific session. Most of the NY session was spent moving above and below the 200 hour MA at the 0.7270 level.

The EURUSD spent the entire day (and NY session) trading between the 100 hour MA above and the 200 hour MA below (currently at 1.1396 and 1.1347). In early next weeks trading traders will look for a break and run. Be aware.

The GBPUSD was another pair which did nada in NY session. Well, it moved up and it moved down, it moved up and down again. Overall, 33 pips defined the NY trading range. Not a lot of rhythm or reason to the ebbs and flows - just Friday trading.

The USDJPY broke to the upside extending above the 100 hour MA for the 1st time this week. The pair moved close to the 119.72 level (high at 119.65). That level was the low close going back to early September (until this week that is). The level will be eyed next week.

Key events and releases next week

China GDP
ECB decision and press conference
BOC decision and press conference
UK retail sales
US flash PMI

Have a great weekend.