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Dukascopy Forex Overview: 27-11-2014 - Afternoon

Dukascopy Bank analytic desk report
Published: 27/11/2014 17:17
Community Forecasts
Community member Likerty on USD/JPY
“USD/JPY indicated intentions to retest 117.20's - important level of its long-term bull sequence, but the fact that it spiked below post-FOMC lows in 117.30's and bounced right afterwards makes this bearish set-up weaker.”
Dukascopy Technical Analysis
"The number for the September quarter outcome was better than expected so that gave the Aussie dollar an immediate boost."
-Commonwealth Bank (based on the Australian))
After yesterday’s dip to the lowest level (0.8481) this year this far, AUD/USD rebounded mildly and now is attacking the weekly S1 at 0.8562.
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Dukascopy Fundamental Analysis
The British economy continues to rely on domestic spending, which drove the nation’s economic output to a seventh consecutive quarter of expansion. Household spending climbed 0.8% in the three months through September, the most since the second quarter of 2010, according to the Office for National Statistics.
Expert Commentary
"If OPEC does not cut production, Brent would come under further pressure, possibly falling closer to USD 70 bbl/d, if not lower."
- Abhishek Deshpande, Oil markets analyst at Natixis, on OPEC meeting prospects
There is an almost equal probability that The Organization of the Petroleum Exporting Countries is not going to cut versus its scaling back production. >>
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Press Review
France 24
Interpol hunts fugitive once known as 'Putin's banker
Interpol launched a hunt Thursday for a former Kremlin insider once known as "Putin's banker" who has since been accused of stealing money from the Russian state.
Market Research
Currency Index & Volatility: GBP
Unlike the previous week, during November 19-25 time period the British pound had a clear trend to gain value.
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Dukascopy Bank Sentiment Index
October’s release of Dukascopy Sentiment Index report shows that professors around the world remain pat on the global sentiment, as the corresponding short and long-term gauges were unchanged from the previous month.
Global Stock Market Review
Europe’s faltering growth
Equity market in Europe traded in a mixed environment, mostly declining over last five trading days. The industrial production in the Eurozone added 0.6% in September, comparing to a negative growth of 1.4% in a month earlier.
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Commodity Overview
Industrial Metals Slide on Disappointing Chinese Data
Aluminum was little changed through the last week by losing 0.05% from its value. The key event that impacted its price were disappointing Chinese and British manufacturing data at the beginning of the week, and the US jobs data at the end of the week.
Trade Pattern Idea
AUD/USD 1H Chart: Channel Down
After touching the lower boundary of a bearish channel, the Australian currency started a period of appreciation. >>

NZD/CAD 1H Chart: Broadening Rising Wedge
The similar tendency to the AUD/USD currency pair is showed by the Kiwi/Loonie cross, which is gaining value at the moment. >>
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Economic Research

Forecasting Models for Exchange Rate
The science of prognostics has been going through a rapid and fruitful development in the past decades, with various forecasting methods, procedures and approaches flooding the economic world. It is estimated that there are more than 100 prediction methods, and sometimes the diversity makes it difficult to choose the one that would do the trick.
Dukascopy Aggregate Technical Indicator
Dukascopy Bank presents a new research product - the aggregate technical indicator. The new tool will indicate the strongest signals on major currency pairs. Dukascopy Aggregate Technical Indicator for 30 min and 1H time frame charts for major pairs for the last 144 periods till 16:30 GMT.
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This overview can be used only for informational purposes. Dukascopy Bank SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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