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Dukascopy Forex Overview: 24-10-2016 - Morning

Dukascopy Bank analytic desk report
Published: 24/10/2016 07:59
Dukascopy Forex Community TV
07:00 GMT iiivb's Trading Room iiivb
09:30 GMT Tech Talk Docdow
10:00 GMT Currencies of Interest
11:00 GMT Reviewing Impact of News on FX Market llolor
12:00 GMT Dukascopy Research Webinar CommunityTV
13:00 GMT Everything You Wanted to Know About Markets but Were Afraid to Ask Docdow
14:00 GMT 1 Pip Box Renko Price Action Scalping Youngd

Technical Analysis
USD/JPY consolidates between 103.30 and 104.20
"We'll probably see narrow range trading today, with an options barrier at 104 yen."
- Global-info Co. (based on Reuters)
Due to lack of market movers, the US Dollar remained relatively unchanged against the Japanese Yen on Friday. The pair remains subject to weakness, as it keeps gravitating towards the monthly R1 at 103.74, in spite of technical indicators suggesting a rally is possible. The 103.33 level still represents the bottom floor, also bolstered by the weekly S1, the 20 and the 100-day SMAs.
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Fundamental Analysis
Canadian inflation remains weak in September; Retail sales show no signs of rebound in August
Consumer prices in Canada grew less than expected last month amid lower fuel prices and milder increases in food prices, official data showed on Friday. According to Statistics Canada, the headline Consumer Price Index rose 0.1% month-over-month in September, surpassing August’s drop of 0.2% but falling behind the 0.2% gain forecast. On an annual basis, consumer prices advanced 1.3% in September, missing the 1.5% rise forecast.
Expert Commentary
"It depends mostly on the sentiment rather than the demand for jewellery in China or India, or the output of the gold mines."
- Eugen Weinberg, Head of Commodity Research at Commerzbank, on gold and silver
In my opinion, it depends on how you define the positive trend. Prices returned to pre-Brexit levels as the degree of awareness for the risks and the risk aversion returned to the previous marks.>>
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Press Review
Trump: If elected, would block AT&T-Time Warner deal
Tony Fratto, partner at Hamilton Place Strategies, talks about how U.S. elections could surprise, with added comment on how each candidate has reacted to the AT&T and Time Warner...
Dukascopy Bank Sentiment Index
June Release
Having experienced a completely unexpected United Kingdom’s vote to leave the European Union in the referendum that took place on June 23, the global economy is now even further from seeing a continuous upturn, especially in the wake of weak EM performance, economic and political challenges in Europe along with ongoing uncertainty over the upcoming elections in the United States.
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Trade Pattern Idea
XAG/USD 1H Chart: Ascending Triangle
Led by an ascending triangle, XAG/USD lost volatility to rising upside potential which we expect to be expressed with a close above the 17.82 supply area.>>

AUD/USD 1D Chart: Symmetrical Triangle
Following a false break above the upper trend-line of the symmetrical triangle AUD/USD entered in January, the pair has returned into the pattern and appears to be launching a new attack at the targeted trend-line.>>
Dukascopy Aggregate Technical Indicator
Dukascopy Aggregate Technical Indicator for 30M, 1H, 4H and 1D time frame charts for major pairs for the last 144 periods till 07:30 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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