The BoE Quarterly Inflation report pushes the sterling higher.
Asian and European trading sessions
Euro: The speculations regarding the possibility that the ECB would seize the stimulating measures too early, pressured the euro. The speculations over the possible bank’s problems of the region reinforced. The rates of return of the state bonds of Ireland, Portugal and Greece decreased, which rendered additional pressure on the euro.
The EUR/USD pair traded in the range of $1,3730-$1,3790.
US Dollar: The greenback traded at its maximums against the euro on Wednesday.
British Pound: The sterling showed considerable growth after the publication of the Bank of England’s quarterly inflation report. The GBP/USD pair reached the level of $1.6095. The report specified the projected inflation above 2%.
Japanese Yen: The Central bank of China increased the reserve requirements for the national commercial banks, and the USD/JPY pair crossed the Y82.00 mark and moved upwards.
Canadian Dollar: The Canadian dollar demonstrated some rally against its competitors, in spite of the fact that the released Canadian merchandise Trade showed deficit in September, which turned out to be much below the forecasts.
Australian Dollar: The Westpac Consumer confidence dropped for 5.3%, which was a lowest drop since June.
Oil: The oil rate showed growth up to the maximum of the $87.16 mark per barrel.
American trading session:
Japanese Yen: As a safe-haven currency, the yen was under pressure against its counterparts in the threshold of the G20 meeting.
New-Zealand Dollar: The New-Zealand dollar weakened, since the REINZ house sales decreased for 35.9%, which turned out to be the biggest drop in two years.
Technical analysis for 11/11
EURUSD
The pair has found support at Moving Average (500) at 1.37486 and aiming to 1.38554.
Resistance: 1.38554, 1.39600, 1.40690
Support: 1.37486, 1.35984, 1.34882
GBPUSD
The pair’s resistance trend line is at 1.62850. Support is at 1.60322.
Resistance: 1.62050, 1.63316, 1.64636
Support: 1.60322, 1.58543, 1.56722
USDCHF
The pair couldn’t stay above 0.97130 and may decline to 0.96480 if stays below 0.97130.
Resistance: 0.97130, 0.97892, 0.98750
Support: 0.96480, 0.95510, 0.94661
USDJPY
The pair has reached resistance at 82.219. Strong resistance a trend line is at 83.438.
Resistance: 82.219, 83.065, 84.866
Support: 81.399, 80.572, 79.707
AUDUSD
The pair is trading in the narrow range between 1.00907 and 1.00067. If 1.00907 is broken the pair will rise to 1.01744. If 1.00067 is broken the pair will drop to 0.99207.
Resistance: 1.00907, 1.01744, 1.02705
Support: 1.00067, 0.99207, 0.98436
Asian and European trading sessions
Euro: The speculations regarding the possibility that the ECB would seize the stimulating measures too early, pressured the euro. The speculations over the possible bank’s problems of the region reinforced. The rates of return of the state bonds of Ireland, Portugal and Greece decreased, which rendered additional pressure on the euro.
The EUR/USD pair traded in the range of $1,3730-$1,3790.
US Dollar: The greenback traded at its maximums against the euro on Wednesday.
British Pound: The sterling showed considerable growth after the publication of the Bank of England’s quarterly inflation report. The GBP/USD pair reached the level of $1.6095. The report specified the projected inflation above 2%.
Japanese Yen: The Central bank of China increased the reserve requirements for the national commercial banks, and the USD/JPY pair crossed the Y82.00 mark and moved upwards.
Canadian Dollar: The Canadian dollar demonstrated some rally against its competitors, in spite of the fact that the released Canadian merchandise Trade showed deficit in September, which turned out to be much below the forecasts.
Australian Dollar: The Westpac Consumer confidence dropped for 5.3%, which was a lowest drop since June.
Oil: The oil rate showed growth up to the maximum of the $87.16 mark per barrel.
American trading session:
Japanese Yen: As a safe-haven currency, the yen was under pressure against its counterparts in the threshold of the G20 meeting.
New-Zealand Dollar: The New-Zealand dollar weakened, since the REINZ house sales decreased for 35.9%, which turned out to be the biggest drop in two years.
Technical analysis for 11/11
EURUSD
The pair has found support at Moving Average (500) at 1.37486 and aiming to 1.38554.
Resistance: 1.38554, 1.39600, 1.40690
Support: 1.37486, 1.35984, 1.34882
GBPUSD
The pair’s resistance trend line is at 1.62850. Support is at 1.60322.
Resistance: 1.62050, 1.63316, 1.64636
Support: 1.60322, 1.58543, 1.56722
USDCHF
The pair couldn’t stay above 0.97130 and may decline to 0.96480 if stays below 0.97130.
Resistance: 0.97130, 0.97892, 0.98750
Support: 0.96480, 0.95510, 0.94661
USDJPY
The pair has reached resistance at 82.219. Strong resistance a trend line is at 83.438.
Resistance: 82.219, 83.065, 84.866
Support: 81.399, 80.572, 79.707
AUDUSD
The pair is trading in the narrow range between 1.00907 and 1.00067. If 1.00907 is broken the pair will rise to 1.01744. If 1.00067 is broken the pair will drop to 0.99207.
Resistance: 1.00907, 1.01744, 1.02705
Support: 1.00067, 0.99207, 0.98436