U.S. Dollar: The pressure on the U.S. currency had a decision of the rating agency Fitch Ratings, which downgraded the outlook for the highest rating of the U.S. to "negative." Agency refers to the inability of the government to increase the borrowing limit, the deadline of which is approaching quickly.
British Pound: The pound rose sharply against the U.S. dollar, which was associated with access better-than -expected data for unemployment benefits on Britain.
The Office for National Statistics said that by the end of last month the number of people claiming, significantly decreased, in the month of September, the number of applications for unemployment benefits fell by 41,700, reaching 1,350,000 at the same level. It is worth noting that according to the average forecasts of experts the value of this index was reduced by 24.3 thousand and added that in September 2012 the number of applications for benefits dropped by 214,500. The analysts forecasted the level of applications to remain unchanged. Meanwhile, data showed that the unemployment rate for the three-month period, calculated by the standards of the International Labour Organization, has remained constant - at around 7.7 percent, which was in line with the forecasts of experts, but less than 0.1 percentage points than the three-month period from March to May. The GBP / USD pair rose to $ 1.6065 during the European session.
Euro: The euro exchange rate rose on continued uncertainty ahead of tomorrow's “Deadline “of the budget issue in USA. The support for the euro had also data, submitted today which showed that by the end of August trade surplus euro area increased substantially as a modest rebound in exports outpaced import growth. According to the report, the seasonally adjusted trade surplus rose in August to the level of 12.3 billion Euros, compared with a profit in the amount of $ 11 billion in July, which was revised down from 11.1 billion Euros. Despite sharp increase in the surplus was slightly less than expected growth to 12.4 billion Euros. The exports in August amounted to 157.4 billion Euros, which was 1.0% more than in July, while imports amounted to 145.1 billion Euros, an increase of only 0.2% compared with the previous month. The EUR / USD pair rose to $ 1.3565 during the European session.
Japanese Yen: The yen fell for the first time in three days after Senate leaders resumed talks, which lasted for 15 days in order to avoid a U.S. default, which reduced demand for safe-haven currencies like Japanese Yen.
The USD / JPY pair fell to Y98.28during the European session.
New Zealand dollar: The New Zealand's currency rose today, after the release of the inflation report, recorded growth. The level of consumer prices in the third quarter increased by 0.9 % compared to the second quarter, when the index rose by 0.2 %. The data exceeded the forecasts of economists expect the growth rate to 0.8 % and increases the likelihood that the central bank may raise interest rates.
American trading session:
U.S. Dollar: The U.S. dollar rose against most major currencies, after Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell, the Senate announced an agreement on raising the debt limit and the end of the period of shutdown of work of the government. Reid called the agreement "historic cross-party agreement." It will fund the government through mid-January, and increases the government debt ceiling until February 7. It also provides a mechanism for reaching an agreement on the budget for the long-term budget issues, which should be completed no later than December 13.
Gold: The gold prices were falling on the background of ongoing negotiations in the U.S. to raise the upper limit of the national debt. The cost of the December gold futures dropped to $ 1267.60 per ounce on COMEX today.
Oil: The cost of WTI oil brand rose on optimism that U.S. lawmakers will agree on a deal to raise the debt ceiling and avoid default. The November futures rose by 0.85% against on the optimism to $ 102.48 a barrel on the New York Mercantile Exchange.
TECHNICAL ANALYSIS FOR 17.10, 2013
EURUSD
The pair is trading between resistance 1.35984 and support 1.34882.
The pair has declined to support line at 1.34882.
Resistance: 1.35984, 1.37486, 1.38554
Support: 1.34882, 1.33143, 1.31674
GBPUSD
The pair is trading between 1.60322 and 1.58543.
Resistance: 1.60322, 1.62050, 1.63316
Support: 1.58543, 1.56722, 1.54842
USDCHF
The pair is rolling back to 0.91079.
Resistance: 0.92026, 0.93069, 0.93949
Support: 0.91079, 0.89635, 0.88418
USDJPY
The pair has risen to 98.718. If the pair stays below 98.718 the pair will decline to 98.271.
Resistance: 98.718, 99.888, 101.207
Support: 97.491, 96.400, 95.200
AUDUSD
The pair’s resistance is at the Moving Average (200) at 0.95611, support is 0.94635.
Resistance: 0.95611, 0.96579, 0.97423
Support: 0.94635, 0.93493, 0.92284
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