Main Scenario: As long as it stays above the levels of 1,2695 – 1,2745, our main expectation is POSITIVE!
In addition, the upward break of the 1,2900 level could further strengthen the current main scenario.
Target Expectation: 1,2845 – 1,2900 – 1,2950
Considerations Supporting The Scenario The fact that the lines in the Alligator indicator support the upward trend of the price, and the continuation of the BUY signal in theory, reinforces our positive expectations.
Alternative Scenario: In the event of a 4-hour close below 1.2695 – 1.2745 level, the alternative expectation is NEGATIVE!
Alternative Target Expectation: 1,2640 – 1,2580 – 1,2510
MOST IMPORTANT NEWS OF THE WEEK:
- Retail Sales and BoE Credit Conditions Survey from UK,
- Construction Permits, Philadelphia Fed Manufacturing Index, Industrial Production, Natural Gas Stocks, Crude Oil Stocks and Gasoline StocksMedium Survey from US,
- Manufacturing Sales from Canada,
- Speech by FOMC Member Evans, Bowman and Williams,
- IMF Meeting (18 – 19 – 20 October)
- Fixed Assets Investment, Industrial Production and Gross Domestic Product from China,
- Current Account From The Eurozone,
- Speech by FOMC Member Kaplan, George and Clarida,
THE MOST IMPORTANT DAY OF THE WEEKS and ASSETS:
- Taking into account the current news feeds on Thursday, GBPUSD and GOLD may draw attention compared to other assets.
- Taking into account the current news flows on Friday, EURUSD and USDTRY may draw attention compared to other assets.