DAILY MARKET REVIEW — 15/11/2016
US economic statistic will be main market mover today
Yesterday, the pair traded in a narrow range. Analysts do expect the pair to improve as many believe the economy will improve.
The Reserve Bank of Australia’s meeting minutes put some additional pressure on the pair.
Data on US retail sales will be published later today. Additionally, the U.S. NY Empire State Manufacturing Index scheduled for 13:30 (GMT) will most likely influence the pair.
Resistance: 0,75810, 0,76112, 0,76508
Support: 0,75306, 0,75044, 0,74751
Yesterday, the British currency continued strengthening against the Japanese yen. However, further growth of the British currency was stopped by the latest developments surrounding the Brexit.
The U.K. consumer price index will be a catalyst for the pair’s dynamics, together with the data on the British labor market, scheduled for tomorrow.
Resistance: 135,618, 136,192, 136,848
Support: 133,402, 132,498, 131,668
Vodafone Group PLC (VOD)
Today, Vodafone will publish its quarterly report. Leading analysts expect that its earnings per share (EPS) may rise to 2.35 GBP. Its total revenue is expected to grow to 20.9 billion pounds. If the forecast is correct, it should rise to 215.00 GBP a share.
Brent Oil Futures
Oil quotes fell to a new monthly low yesterday to $43.60 per barrel. Today’s trading dynamics will depend on the US oil stocks report, scheduled at 20:30 (GMT).
Resistance: 45,60, 46,30, 46,90
Support: 44,90, 44,20, 43,60