Except for the GBPUSD that broke the range last week, the rest of the pairs we are looking at have been trading a daily range between the last 30 – 40 trading days.
USD sellers are holding tight to their orders keeping pressure on all instruments pegged to the USD.
We’ll see how the Wednesday, FOMC statement plays out in influencing investor decisions.
If you are trading Gold, EURJPY, EURUSD, and GBPUSD here are the key levels to watch this week.
Key Price levels this week.
Pivot – 1.18371
Resistance Levels: 1.18999, 1.19387, 1.19663, 1.20015
Support Levels: 1.17743, 1.17355, 1.17078, 1.16727
Pivot – 1.29418
Resistance Levels: 1.31364, 1.32566, 1.33422, 1.34512
Support levels. 1.27472, 1.26270, 1.25414, 1.24324
Pivot – 125.525
Resistance levels: 126.307, 126.790, 127.134, 127.572
Support levels: 124.743, 124.260, 123.916, 123.478
Pivot – 1937.47
Resistance levels: 1960.42, 1974.60, 1984.69, 1997.55
Support Levels: 1914.52, 1900.34, 1890.25, 1877.39
Key Fundamentals this week.
Monday, September 14
No high impact news
Tuesday, September 15
GBP – Claimant Count Change
Wednesday, September 16
GBP – CPI y/y
USD – Core Retail Sales m/m
USD – Crude Oil Inventories
USD – FOMC Economic Projections
USD – FOMC Statement
USD – Federal Funds Rate
USD – FOMC Press Conference
Thursday, September 17
JPY – Monetary Policy Statement
JPY – BOJ Press Conference
GBP – MPC Official Bank Rate Votes
GBP – Monetary Policy Summary
GBP – Official Bank Rate
GBP – MPC Asset Purchase Facility Votes
USD – Philly Fed Manufacturing Index
USD – Unemployment Claims
Friday, September 18
GBP – Retail Sales m/m
USD – CB Leading Index m/m
USD – Prelim UoM Consumer Sentiment
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Till next week.
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