By Andrew M Spencer — Oct 31 - 07:15 PM
Off 0.05% after closing up 0.15% with an inside day and the USD off 0.2%
Strong Intel, Amazon, and Apple results after the close- Nasdaq e-mini +0.3%
Australian PPI leads data - little impact likely - plenty of Asian data
FX markets will probably be cautious in Asia ahead of often volatile US jobs
Charts; 5, 10 & 21-day moving averages fall, 21-day Bollinger bands contract
Mixed daily momentum studies ease - the bearish setup remains in place
Wednesday's 0.6537 low then 0.6477 0.786% of the Aug-Sep rise first support
A sustained 0.6477 break would target a test of the 0.6348 August base
0.6609 10-day moving average, then the 0.6671 21-DMA are first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary