10.28 EURUSD Daily Review & Outlook
10.28 Thursday, for the past 24 hours:
• EURUSD has risen 10 pips against the previous day close; missed target set yesterday, consolidated above target area.
• ↑ 41.4 pips High & Low extreme move, vs. 49.0 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.6 -> 4.8 MEDIUM of late session
• EUR in early session MEDIUM 5.9 -> 4.0 MEDIUM of late session
Market Focus & Moods:
• BoC surprised markets by going directly to zero from 2B/week. The euro was choppy in a 1.1590 to 1.1620 range ahead of tomorrow's ECB. Yields fall in the long end. It was a bit busy day ahead of the end of October.
• Thursday, morning LDN 8-9am ES CPI, DE/ES Unemployment, 10am EU Consumer Confidence.
12:45 EU ECB Rate Decision, 13:00 DE CPI, 13:30 EU ECB Press Conference.
Afternoon, 1:30pm US initial Jobless claim, (Core) PCE, GDP Growth ; 3pm US Pending Home Sales.
Next Step:
• Due to ECB rate decision, I expect an open mind for anything possible:
• EURUSD has risen 10 pips against the previous day close; missed target set yesterday, consolidated above target area.
• ↑ 41.4 pips High & Low extreme move, vs. 49.0 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.6 -> 4.8 MEDIUM of late session
• EUR in early session MEDIUM 5.9 -> 4.0 MEDIUM of late session
Market Focus & Moods:
• BoC surprised markets by going directly to zero from 2B/week. The euro was choppy in a 1.1590 to 1.1620 range ahead of tomorrow's ECB. Yields fall in the long end. It was a bit busy day ahead of the end of October.
• Thursday, morning LDN 8-9am ES CPI, DE/ES Unemployment, 10am EU Consumer Confidence.
12:45 EU ECB Rate Decision, 13:00 DE CPI, 13:30 EU ECB Press Conference.
Afternoon, 1:30pm US initial Jobless claim, (Core) PCE, GDP Growth ; 3pm US Pending Home Sales.
Next Step:
• Due to ECB rate decision, I expect an open mind for anything possible:
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