US
UK
Chinese
Japanese
Hong Kong
Australia
Spanish
Deutsch
Portuguese
Korean
French
Russian
The euro (EUR) is strengthening against most of its major counterparts, ahead of the European Central Bank (ECB) President meeting with the German lawmakers. Draghi is scheduled to have a closed-door meeting at the Deutsche Bundestag with the German lawmakers specifically regarding the OMT at 11:45 GMT, followed by a press conference at 14:00 GMT. Later today, the Federal Reserve will release its FOMC statement and fund rate decision at 18:15.
§ The Canadian dollar (CAD) reacted well to the decision by Bank of Canada (BoC) to leave its lending rate unchanged at 1.00%. Against the US dollar (USD), the loonie rose to 0.9975 but dived to 0.9900 following the BoC announcement. The BoC's monetary policy report due today at 14:30 GMT and BoC Governor Carney's press conference at 15:15 GMT will offer deeper insights into the decision.
§ OIL plunged from 88.56 to as low as 85.73 – a 3-month record, but managed to bounce back and close the day at 86.35 dollars barrel.
§ The British pound (GBP) produced a monthly low at 1.5912 versus the US dollar (USD) and the pair appears to be in a short-term downtrend.
Stay in tune throughout the day with foreign exchange bullets!
| Outlook | . | Pivot | Preference1 | Sentiment2 |
| . | EURUSD | 1.3010 | SHORT @ 1.3010 | 44% of deals buy EUR |
| . | USDJPY | 79.65 | LONG @ 79.65 | 59% of deals buy USD |
| . | GBPUSD | 1.5990 | SHORT @ 1.5990 | 48% of deals buy GBP |
| . | AUDUSD | 1.0270 | LONG @ 1.0270 | 59% of deals buy AUD |
| . | GOLD | 1714 | SHORT @ 1714 | 71% of deals buy GOLD |
| . | OIL | 88.25 | SHORT @ 88.25 | 85% of deals buy OIL |
| Calendar | Currency | Time (GMT) | Event | Forecast |
| . | EUR | 08:00 | German IFO Business Climate in October | 101.5 |
| . | USD | 14:00 | New Home Sales in September | 0.385 mil |
| . | OIL | 14:30 | Crude Oil Inventories | 2 mil |
| Movers Shakers | |
| USDPLN | The US dollar (USD) recorded a monthly high at 3.1939 versus the Polish zloty (PLN) yesterday but did not manage to hold onto it. The pair retraced back to 3.1770 where a short-term support level appears to have been formed. A rebound off this level is very likely, but a break below it could pave the way for lower lows. |
Most Popular Slideshows
Australia Bids Adieu to Adam Spencer's Mornings on ABC's "702 Breakfast" Show [PHOTOS]
SEE PHOTOS! Eva Longoria Wears No Panties at Cannes 2013, Revealed in Embarrassing Wardrobe Malfunction [SLIDESHOW]
Top 10 Hottest Celebrities with Shocking Weight Loss (And Find Out Their Secrets!) [PHOTOS]
Demi Lovato Snapped Getting Flirty with The X-Factor Boss, Simon Cowell? [PHOTOS]
