Italian Trade Balance

Posted on November 20, 2015 By

It was estimated to be volatile but apparently, the pair will remain in the area of 106.30. The Swiss was recovered and marked minimum during the morning, and rebounded in the afternoon highs in the 1.0915 area and further volatility is estimated. Technical factors stimulated a double action, but trade publications pairs macro shot down, the Existing Home Sales again showed a decline, but as expected, operators are focused on the economic rescue plan. If Congress fails to American consensus within the next 24 hours, in my view, the market will issue a vote of “confidence zero.” Despite the rebound in other currencies, is estimated to decline and due to the uncertainty prevailing hopefully short-term volatility. Holding short positions in the greenback would be wise not to rush. Seeks to exploit a recovery in the greenback.

GBP / USD Daily Resistance 3: 1.8700 Resistance 2: 1.8680 Resistance 1: 1.8620/30 New York: 1.8512 Support 1: 1.8480 Support 2: 1.8420/30 Support 3: 1.8380 Comments The pair was double bass action at night, and started in New York without fundamental changes. It is estimated that the pair will continue to rise while the data do not favor. It appears that the confidence does not reign in the market regarding the economic rescue plan American. Resistance is expected in the area of 1.8500, and a reversal may happen. There were sovereign agents interested in the EURO and GBP, with an improvement. To my understanding this LIBRA exceeded storm successfully, and will not consider that low. Operating volumes were low. Many traders took profits.

The pair finished on 1.8500 and is expected to close higher end of the month. Thursday: All times EASTERN (-4 GMT) 8:40 am, a member of the CPM Barker talk BCI EURO / USD Daily Resistance 3: 1.4800/10 Resistance 2: 1.4780 Resistance 1: 1.4710/20 New York: 1.4627 Support 1: 1.4620/30 Support 2: 1.4580 Support 3: 1.4550 Comments The pair fell for technical issues. The pair went to the GBP. The pair is at a level that requires further definition. The level of support appears to be in the area of 1.4330. Operating volumes were more significant in European trading session. The pair is strong, despite the uncertainty in the market. Apparently the pair is trading technically. The market seems to be corrected. It looks more volatile, it is estimated that the pair closed on the rise towards the end of the week. If the pair closes at 1.4700 at the end of the week, many traders were short will be nervous, if the pair reaches the zone of 1.4300, would be a great buying opportunity, to go long. Thursday: All times EASTERN (-4 GMT) 2:00 am EUR German GfK Consumer Climate 4:00 am EUR Italian Trade Balance 4:00 am, EUR M3 Money Supply y / y 4:00 am EUR Private Loans y / y Trade foreign exchange (FOREX) involves the existence of losses due to the risk inherent in any transaction.