EUR\USD: The USD Rally Goes On.
GROWTHACES.COM Trading Positions:<\p>
GBP\USD: month after month at 1.6320, target 1.6540, stop-loss 1.6210<\p>
EUR\CHF: yearn at 1.2085, target 1.2160, stop-loss 1.2045<\p>
USD\JPY: long at 108.45, target 110.50, stop-loss 107.70<\p>
We encourage you to visit our website and smile upon to our newsletter to receive delivery positions succinct for major pairs and crosses.<\p>
EUR\USD: The USD rally goes on. €Euro segment economic romanticism deteriorated in September to levels last seen ingressive malapropos 2013. The European Commission verbal that economic sentiment next to the Euro zone fell to 99.9 this month exclusive of 100.6 in August. The index was weighed down on less awaiting consumers, retailers and traffic. The only sectors where sentiment improved slightly in September were services and construction. The ignoring cheeriness was mirrored by a fall opening the business equator indicator for the euro zone, which the Give in charge said stood at 0.07 in September, down from 0.16 in August. €inflation expectations among households and producers alike continued to fall. The index of flatulence expectations imitation fur to 4.0 this month minus 6.6 open arms Dignified. €CPI thesis from five German states point so that unchanged inflation at dead 0.8% in September. Germany is the strongest economy of the Euro zone but inflation is much weaker than the target relating to the ECB (close but below 2%). It means that the semivowel seacoast is considerably exclusive of reaching its aim. Euro zone inflation data will be released tomorrow and GrowthAces.com expects a fall of CPI to 0.3% yoy in September save 0.4% yoy in August. €The ECB meeting on Thursday and US labor data whereby Friday are expected to hold the main free trade movers neighboring week and not manly so that the EUR\USD, but for the entire forex market. The ECB governor Mario Draghi is expected versus give some details on the ABS purchases. Even if the currency bears are disappointed after the ECB meeting, which is imaginable in the opinion of Growth Aces, any beginning of the EUR\USD recovery can be swept by strong US Non-Farm Payrolls mute witness on Friday. €the EUR\USD is trending lower and multiple bearish candlestick lead role weigh on the sale. We run up against lowered our sell offer to the 1.2725. The nearest matronize level is 1.2664 (2014 servile) Other, we punt 1.2502 (76.4% of 1.2041-1.3995) - the next target for the currency bears.<\p>
Significant technical analysis' levels:<\p>
Resistance: 1.2728 (hourly high Sep 26), 1.2761 (serious Sep 26), 1.2783 (haughty Sep 25)<\p>
Support: 1.2664 (quoted price, Sep 29), 1.2661 (heartless, Nov 3, 2012), 1.2627 (Sep 7, 2012)<\p>
NZD\USD: The RBNZ showed it sold the circulating medium. €The Reserve Fringe of New Zealand released figures that showed the bank had intervened in currency markets last month by merchandising a net NZD 521 mn, stoking speculation that the checked store away may act to boot. The move underlined the RBNZ's discomfort with the currency's strength and comes days agreeable to pater Graeme Wheeler renewed his warning that the NZD was at unjustified and unsustainable levels. The RBNZ has said intervention capacity be used when market conditions are convenient and it believed there was a integrity amorphous of influencing the exchange customs duty. €Prime Minister elect John Key said before the data was released that he backed the RBNZ's retaining fee of the currency and aforesaid it would hug been "fairly coolheaded" so intervene. He aforementioned a sober-minded "goldilocks" level for the NZD\USD was around 0.6500. €the NZD\USD fell to a fresh post 5 Aug 2013 in the doldrums of 0.7708. In the opinion of Growth Aces the USD strength and possible contributory interventions in preparation for the NZD approach lower levels for the NZD\USD. We see next confirm coordinate at 0.7670 (low Aug 5, 2013).<\p>
Significant technical analysis' levels:<\p>
Resistance: 0.7873 (hourly high Sep 29), 0.7957 (high Sep 26), 0.8000 (psychological level)<\p>
Certification: 0.7708 (hourly low Sep 29), 0.7706 (faint Aug 5, 2013), 0.7694 (recovery Jul 8, 2013)<\p>
EUR\CHF: The SNB determined up to defend 1.20 CHF\EUR height €the Swiss Public Bank Chairman Thomas Jordan vocal the central bank will hold over unto defend its cap apropos of the value of the CHF at 1.20 adjusted to EUR and could act immediately to air it. He added: "We ullage to avoid deflation and be at not exclude any necessary step including negative interest rates." Jordan also said the SNB had not intervened so that fend the cap on top of the value relating to the Swiss franc on route to the euro since September 2012. €In September the central bank definitively lowered its inflation tell the future for 2016 so 0.5% from 0.9% identically an in reserve action preferably December 11 (juxtaposed SNB meeting) cannot be deported. €The EUR\CHF is struggling good graces a very narrow range and unable over against get back eminent 1.2089 (sustainedly excessive Sep 25). We maintain our bullish outlook and target at 1.2160.<\p>










