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United States Building Permits

Today at 1:30pm UK time. Building Permits show the number of permits for the construction of new facilities issued by the government or other regulatory authority for the given month compared to the previous one. F:1.4 M, P:1.387 M.

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Valutrades Market Blast Technicals 19 November 2019

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AUDUSD - Eases Below Key 0.6850 after RBA Held Rates

 

 
In the last three weeks the AUDUSD has steadily but surely eased away from a three month high above 0.69 and moved back down below the key 0.6850 level, into its popular range between 0.6750 and 0.6850. Leading up to the three month, the AUDUSD had been slowly moving higher achieving higher peaks and troughs to rally off its ten year low around 0.6670 reached earlier last month. The 0.6850 level has provided some stiff resistance over the last two months so it is quite significant that it has now broken back through this level.
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Valutrades Market Blast Fundamentals 18 November 2019

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Market Recap: 11 - 15 November

 

 
On Tuesday last week we covered UK Oil which continued to steady under and feel resistance from the key $63 levels, before finishing the week breaking through and moving to a seven week high. It has moved well off support at $60, and despite its recent break, it has now traded between $58 and $63 for the most part of the last two months. Selling has been steady at anything above $63 indicating how significant this level is, so it will be interesting to see if it receives any support from this level.
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EURUSD - Finds Support at 1.10 as New President Lagarde Takes ECB Reins

 

 
In the last two weeks the EURUSD has fallen sharply from near several month highs close to 1.12 down to a one month low just above 1.10. The 1.10 level has provided some support in the last few days propping the currency pair up after the fall. Throughout October the EURUSD rallied well back above the key 1.11 level however just settled a little feeling some selling pressure from near 1.12.
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European Union Gross Domestic Product (GDP) q/q

Today at 10:00am UK Time. European Union GDP q/q reflects the monetary value of all goods and services produced in the euro area during a given quarter compared to the previous quarter, and evaluates the rate of the economic growth. F: 0.2%, P: 0.2%. #EURUSD may test 1.10.

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Germany Gross Domestic Product (GDP) q/q

Today at 7:00am UK Time. Germany GDP q/q reflects the monetary value of all goods and services produced in Germany during a given quarter compared to the previous quarter, and is the key indicator of the national economy growth. F: -0.1%, P: -0.1%. #EURUSD may drop below 1.10.

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GBPUSD - Settles Below 1.29 as Brexit Critics Roll On

 

 
In the last few weeks or so the GBPUSD has eased ever so slightly from its five month high just above 1.30 after smashing through the key 1.25 level which has resisted prices strongly in the last month three weeks ago. In the last few days it has settled right under 1.29 having met some resistance from around 1.30. The 1.25 level may now reverse roles and provide some support should the sterling decline from its current highs. It may also use this current consolidation period as a base for higher prices as it may look to test the resistance at 1.30.
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Australia Employment Change

Today at 12:30am UK time. Australia Employment Change measures a change in the number of officially employed Australians in the reported month, and growth is a sign of a stronger labor market and can be seen as positive for AUD. F: 21.5 K, P: 14.7 K. #AUDUSD may retest 0.6850.

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