FX Daily Report : October 24, 2013

By GFM ResearchCurrenciesOct 24, 2013 03:42AM ET

www.investing.com/analysis/fx-daily-report-:-october-24,-2013-189161

FX Daily Report : October 24, 2013

By GFM Research | Oct 24, 2013 03:42AM ET

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Market Commentary
Relief rally was observed yesterday in the US Dollar during most of the European session; but the medium term weakness took over pushing the Dollar Index (DX) towards the historic support of 79.20 ranges. Further weakness can be expected on breach of 78.80 ranges wherein DX enters new territory.

The Euro is trading consistently above the high made during early this year to currently trade at 1.33815 whereas the Cable and the Aussie are trading near their respective historic resistances of 1.6280 and 0.9760.

The benchmark equity index of the Dow Jones Industrials Average (DJIA) is trading flat at 15470 ranges after finding support at 14700 ranges during past couple of weeks, only weekly close below 14500 would put major trend which started in 2009 at stake else DJIA may appreciate to 16500-16700 ranges. Historic correlation between DX Vs DJIA suggests Dollar weakness is still intact till DX does not close above 84.50 on monthly basis though the Dollar correlation is getting less significant.
FX Pair

Disclaimer: This report contains the views of GFM Research Private Limited. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research Private Limited nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.

Disclaimer: This report contains the viewpoints of GFM Research. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	43,454.2	-167.1	-0.38%
US 500	5,953.6	-1.8	-0.03%
Dow Jones	43,451.32	-169.84	-0.39%
S&P 500	5,954.55	-0.81	-0.01%
Nasdaq	19,046.76	+20.38	+0.11%
S&P 500 VIX	19.56	+0.13	+0.67%
Dollar Index	106.390	+0.162	+0.15%

Crude Oil WTI	68.82	-0.11	-0.16%
Brent Oil	72.26	-0.24	-0.33%
Natural Gas	3.987	-0.143	-3.46%
Gold	2,930.50	+11.70	+0.40%
Silver	32.145	+0.319	+1.00%
Copper	4.5703	+0.0427	+0.94%
US Soybeans	1,024.50	-6.75	-0.65%

U.S. 10Y	4.251	-0.047	-1.09%
U.S. 30Y	4.510	-0.046	-1.01%
U.S. 5Y	4.077	-0.054	-1.31%
U.S. 3M	4.301	+0.010	+0.23%
US 10Y T-Note	110.86	+0.34	+0.31%
Euro Bund	132.93	+0.47	+0.35%
10-2 Yield Spread	19.61	-2.98	-13.19%

Apple	239.83	-7.21	-2.92%
Alphabet A	172.50	-2.92	-1.66%
Tesla	288.62	-14.18	-4.68%
Amazon.com	213.82	+1.02	+0.48%
Netflix	989.90	+12.66	+1.30%
Meta Platforms	672.06	+14.56	+2.22%
Bank of America	44.00	+0.06	+0.13%

FX Daily Report : October 24, 2013

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