The risk appetite grew again. Asian and European trading sessions:
Euro: Expectations for the release of the Euro-zone fundamentals, which should be published tomorrow, pressured the euro. According to the forecasts, the Euro-zone ZEW survey (economic sentiment) was expected to decrease in October. As a result, the EUR/USD rate decreased to its minimums of $1,3830 mark. It is also expected that the German ZEW survey (economic sentiment) would reach the level of -7.00.
US Dollar: Against the background of the euro weakening, the greenback gained some strength.
The forecasts of US housing market releases, which show decrease, reinforced the speculations that the FRS would continue to introduce the policy of the quantitative easing.
Market participants are waiting for the meeting of the Ministers of Finance and the G20 heads of the central banks’, which is planned for October 22-23 in South Korea.
British Pound: The GBP/USD rate decreased as well and reached the $1,5833 minimums.
Japanese Yen: The yen continued to trade around its 15-year maximum against the US dollar, as the speculations that the Japanese government would refrain from intervening in currency markets, reinforced. The yen strengthened against its major competitors as well.
Oil: The oil rate dropped as the greenback demonstrated some stabilization. The oil price decreased to the $80.78 level per barrel.
Gold: Gold and silver also showed some negative movement, as the US dollar strengthened against the major currencies temporarily. The “yellow metal” dropped to $1352.80 per ounce, and the silver rate decreased to $23.77 per ounce. American trading session:
US Dollar: The risk sentiment grew and the US dollar rate decreased against the major currencies again.
Canadian Dollar: According to the predictions, the Canadian national bank would leave the principal rate unchanged at the level of 1%, due to the signs of the Canadian economy slow down rehabilitation rate.
Technical analysis for 19/10 EURUSD
The pair is trading below resistance 1.39600 it will bring pair to 1.38554.
Resistance: 1.39600, 1.40690, 1.41780
Support: 1.38554, 1.37486, 1.35984
GBPUSD
The pair is aiming to 1.58543. If this level is broken the pair will decline to the Moving Average (500) at 1.56722.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53301
USDCHF
The pair is aiming to the Moving Average (100) at 0.96812.
Resistance: 0.96480, 0.97130, 0.97915
Support: 0.95510, 0.94661, 0.93831
USDJPY
The pair has found support at 81.162 and aiming to 82.219.
Resistance: 82.219, 83.330, 84.260
Support: 81.162, 80.438, 79.707
AUDUSD
The pair tested 1.00067 and rolling back to 0.97715.
Resistance: 0.99207, 1.00067, 1.00907
Support: 0.98436, 0.97715, 0.96464
