Technical Analysis – 9th September, 2014

September 9, 2014

Tuesday 9, September 2014

 

Intraday Support & Resistance Levels

Intraday 2 Sep 2014 | MXT Global Forex

 

Technical Indicator Signals

Technical Indicators 02 Sep 2014

 

Currency Pair Spotlight

NZDUSD 020914 | MXT Global

USDJPY: The Japan Q2 GDP contracted 7.1, more serious than expected 6.8%. Also, the individual consumption fell 19% year on year, showing the impacts of consumption tax hike are worse than forecast. Despite the Abeconomics has pushed up the inflation rate in Japan, but the exports data still weak and the higher living costs caused by currency depreciation pared the household consumption. Therefore, the further easing seems to be inevitable and Dollar/Yen may head to level 110.65, the high of August 2008.

For a full market wrap up, see Anthony’s Daily Forex Market Report.

 

Today’s Key Economic Calendar Events

Econ Calendar 02Sep 2014 | MXT Global Forex

For the full week’s outlook of events, please see our Economic Calendar

 

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