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It«s Tuesday, October 23rd my name is Lucie Kubinyiova and you are watching Axiory«s
news Broadcast.
We will begin with technical analysis. Up first is the euro dollar. If price rebounds
from daily pivot it will focus on resistance R1. Break above this level will be indicating
next target at R2 resistance, but decline below daily pivot will open way towards support
S1. Deeper downward move towards S2 hasn«t been excluded. Based on the conclusions for
each indicator and chart analysis we are expecting a bullish trend.
Now letÕs move on to another currency pair with the dollar yen analysis. We are expecting
that price will soon test daily pivot and break below this level will open way towards
S1 support. Price could form bottom around next target at S2 support. But if it holds
above daily pivot and rebounds, target will be at R1 resistance. The Conclusion made by
Axiory«s chosen indicators shows a bearish trend today.
After that we have the sterling dollar outlook. Right now consolidation is in favor. Decline
below this level will confirm objective at S2 support an3d further fall towards S3 isn«t
excluded. Also if it breaks above daily pivot it will negate previous conclusions and target
will be at R1 resistance. The Summary of our indicators shows a bearish trend.
Our last technical analysis is about the dollar franc pair. Price has rebounded from daily
pivot and is now approaching resistance R1. Further rise will probably be limited at this
level and subsequent correction can be awaited. As long as it holds above daily pivot rise
will continue but decline below that level will open way towards S1 support. The vast
majority of our indicators and chart analysis for the dollar franc show a bullish trend.
First news for today will concern about mortgage approvals in the UK which will be published
at 9:30 am GMT. Previous figures showed increase to 30,500 approvals and analysts are awaiting
further increase to 30,900. Also, it will have a medium impact on the sterling.
At 2:00 pm GMT National Bank of Belgium is going to release numbers about business climate
in Belgium. Slight improvement from minus 11.6 to minus 10.8 points is expected. It
still indicates worsening conditions though and it will have a medium impact on the euro.
Today«s last news will concern about manufacturing index in the US released at 3:00 pm GMT. Slight
decline from 4 to 3 points is expected which still indicates improving conditions. Also,
it will have a low impact on the dollar.
Taiyo strategy for kiwi dollar is holding at first place and its T-score is 9.89 points.
Second is still Taiyo for aussie yen rising 9.85 points in t-score. Third Spynx t-score
is 9.60 points and TNT has risen 9.43 points. The only strategy which indicated increase
was PM-investcapital. It has risen 26.3 points and its t-score is 9.34 points.
Nothing has changed in the MultiTrader platform. First strategy has the highest rank 4.33 points
followed by Jumping FX ranking only 3.55 points and 0.03 less points has TradersCap strategy.
IGSFund«s rank is just 2.63 points and Taiji is holding at 2.24 points.
And on this date in 2001 Ð Apple announces the iPod.
Thanks for watching Axiory«s news broadcast, have a profitable day, and weÕll see you
tomorrow.