Skip to content
Tags

, , , ,

US Dollar to Recover, Gold To Ease After Small Gain – Oct 18

October 18, 2013

GMT 3:10 – GOLD @ $ 1317 = Likely to hold around $ 1310-12 in Asia, hence buying on dip is preferred for another upside test of $ 1320-25 zones. This could be last up move of the day unless surpass $ 1328-30 resistance levels for a dip. Break of $ 1302 is required for $ 1290. Only break of upside resistance level will challenge $ 1338.
GMT 3:17 =EURO  @ 1.3663 = I will remain cautious around 1.3680-90 and refrain from further selling of Euro, as downside break of 1.3610 will encourage for 1.3580. Or else 1.3725-35 before down again.
GMT 3:20 –  GBP @ 1.6145 =  As  long  as  1.6070  holds, buying  on  dip  is preferred,  but Cable  would be  heavy around  1.6180-90 ans may struggle to move beyond or else. 1.6220.
GMT 3:25 – AUD @ 0.9613 = Aussie has  strong  support  around 0.9570-80, which my not be easy to surrender  and  could possibly test 0.9650-60 zones.
GMT 3:30 – JPY @ 98.01 = Japanese  currency may not  find  easy  to break 97.60-70 levels or  else may  test 97.10, which is not  a favoured move. But unless moves  beyond 98.50 for 98.80, the  currency  may  trade in a narrow range.

Twitter @asadcmka

 

 

Advertisements
Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: