Intraday Forex Friday, October 9 (USDJPY, EURUSD, & etc.) The dollar inched toward a weekly loss as revived hopes for a U.S. stimulus deal is regained

Zulbahri_GB

Recruit
Messages
1
Hi everyone. This observation is made around 4:30 UTC today, with 15 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Stocks in Asia-Pacific mostly higher, mounting to 2-1/2-year highs on Friday as investors increasingly expecting the Democrats to take back the White House, and possibly the Senate as well, in the upcoming Nov. 3 U.S. election.
Meanwhile, the dollar drifted toward a weekly loss, as investors wagered on a Joe Biden presidency, U.S. job data and on more U.S. stimulus spending.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[USDJPY]
  • The safe-haven Japanese yen was higher at 105.854 as the dollar slipped 0.15% on Friday.
  • The dollar drifted lower as investors wagered on a Joe Biden presidency.
  • A growing expectation of U.S. stimulus approval has also been weakening the dollar in the short term, by improving investors’ mood and their willingness to buy riskier assets such as stocks and commodity currencies.
  • The yen also garnered support from Thursday's economic data that showed the Japan Sep eco watchers expectations outlook survey rose +5.9 to a 1-1/2 year high of 48.3.
Important Levels to Watch for Today:
  • Resistance line of 106.146 and 106.233.
  • Support line of 105.864 and 105.777.
USDJPY.png


[EURUSD]
  • The euro firmed slightly to $1.1775.
  • Euro rose on weaker-than-expected U.S.’s weekly initial unemployment claims, and a better-than-expected German trade data.
  • A growing expectation of U.S. stimulus approval has also been weakening for dollar, as improving investors’ mood and their willingness to buy riskier assets such as stocks and commodity currencies.
  • Resurgence in new COVID-19 cases is observed as WHO reported a record one-day increase in global coronavirus cases on Thursday, led by a surge of infections in Europe.
Important Levels to Watch for:
  • Resistance line of 1.17911 and 1.18105.
  • Support line of 1.17283 and 1.17089.
EURUSD.png


For analysis of USDCHF, GBPUSD and other insight into the market, read more on the WEBSITE or click on TECHNICAL ANALYSIS and DAILY MARKET NEWS.
 
Top