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Free Trading Guides
EUR/USD
Mixed
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Mixed
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Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
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Real Time News
  • We are days away from the US Presidential election and the markets are caught in the vortex. A contested outcome would raise serious volatility for the markets whereas a decisive outcome seems to support bullish $SPX and Dollar views from the market rank. https://www.dailyfx.com/forex/video/daily_news_report/2020/10/31/SP-500-and-Dollar-Forecast-Leads-Global-Markets-with-Elections-Expectations-.html https://t.co/JnJbyu6TRT
  • The future implications of the #Elections2020 may influence $AUDUSD following the #RBA and #Fed rate decisions as Congress struggles to pass another round of fiscal stimulus. Get your #currencies update from @DavidJSong here: https://t.co/soPu0Wefz2 https://t.co/UWsERr2AYh
  • Gold prices declined in the aftermath of bearish technical cues, but a key zone of support was reinforced. $XAUUSD volatility risk is elevated ahead of the #Elections2020. Get your #metals update from @ddubrovskyFX here: https://t.co/gWOxdqk8OL https://t.co/gBMgF0YNjH
  • USD awakens, placing GBP/USD on the backfoot, while EUR/GBP cracks 0.90. Get your #currencies update from @JMcQueenFX here: https://t.co/fndMQJLul8 https://t.co/elz5gNAKrB
  • What are some factors impacting Euro’s forecast this quarter? Get your free forecast here: https://t.co/kpBYVz31Bd https://t.co/7EzMPg9Kqg
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/DjMdgL5x19
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/6sqqRfTri2
  • The British Pound, Australian Dollar and US Dollar may all experienced heightened periods of volatility as geopolitical risks in North America, Asia and Europe rattle global financial markets. Get your $GBPUSD market update from @ZabelinDimitri here:https://t.co/0EFToM5Y8I https://t.co/5gsZQfX6aG
  • The New Zealand Dollar may continue to outperform the haven-associated US Dollar as price breaks above key long-term resistance. Get your $NZDUSD market update from @DanielGMoss here:https://t.co/D1DxtDkJXd https://t.co/DwkK9F9FCJ
  • #Gold prices declined following bearish technical cues, but a key zone of support was reinforced over the past 48 hours. #XAUUSD volatility risk is elevated ahead of the #USElection - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2020/10/30/Gold-Technical-Forecast-Election-Raises-Volatility-Risk-But-Support-Holds.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/5hgGEojvIE
EUR/JPY
Bearish
Low
High
of clients are net long. of clients are net short.
Note: Low and High figures are for the trading day.
76% of retail CFD accounts lose money 76% of retail CFD accounts lose money Trading forex carries a high level of risk

Euro - Yen Chart

EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor carry trades at times of optimism about global economic performance and stability; they shun them at times of market stress. This makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair may likewise find volatility in news-flow related to the Eurozone debt crisis as well the extraordinary anti-deflation policy efforts from the Bank of Japan introduced in 2013.

Support & Resistance

S1 123.17
S2 122.37
S3 121.48
R1 125.28
R2 126.65
R3 127.19
Strong
Moderate
Weak
Up
Neutral
Down

Pivot Points

P 122.29
S3 120.39
S2 121.34
S1 121.73
R1 122.68
R2 123.24
R3 124.18
Daily Classical Pivot Points. Last Updated: Oct 30, 2020
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Real Time News

DailyFXTeam Oct 29, 2020
ECB President Christine Lagarde: -Will assess all incoming information including Euro FX rate -ECB will recalibrate instruments as appropriate $EUR $EURUSD $EURJPY $EURGBP
DailyFXTeam Oct 28, 2020
French President Macron: -Lockdown to begin Friday and last until 01 December -Lockdown will not be as strict as in April and May $EURUSD $EURJPY
DanielGMoss Oct 28, 2020
Japanese Yen Outlook: Wait-and-See Bank of Japan May Bolster JPY - https://www.dailyfx.com/forex/market_alert/2020/10/28/Japanese-Yen-Outlook-Wait-and-See-Bank-of-Japan-May-Bolster-JPY-.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $JPY $EURJPY $USDJPY https://t.co/wa9uqxV7Bw
2020-10-28 04:03:31
Oct 31, 2020

IG Client Sentiment

EUR/JPY Bearish
Net Long
Net Short
Sentiment chart

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.

Daily change in
Longs -7%
Shorts -17%
OI -12%
Weekly change in
Longs 20%
Shorts -17%
OI -1%

Economic Calendar

00:30:00
L
Jibun Bank Manufacturing PMI Final (OCT)
A:
F: 48
P: R: 47.7
01:01:00
L
AIB Manufacturing PMI (OCT)
A:
F:
P: R: 50
08:00:00
L
NEVI Manufacturing PMI (OCT)
A:
F:
P: R: 52.5
08:15:00
M
Markit Manufacturing PMI (OCT)
A:
F: 51
P: R: 50.8
08:30:00
L
Unemployment Rate (OCT)
A:
F:
P: R: 8.4%
08:45:00
M
IHS Markit Manufacturing PMI (OCT)
A:
F: 53.5
P: R: 53.2
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