Alpari - Analytics


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Daily analytical report (04/10/16)

  • Sterling drops as fears about hard Brexit rises. FTSE 100 climbs high as weak pound helps British exporters.
  • RBA keeps rates unchanged, 1.5% unchanged. RBI cuts by 25bps.
  • 61% for a rate hike in US in December.
  • Gold defends 1307$/oz support but cannot initiate a major reversal.
  • USDJPY bullish breakout from the descending triangle. That was a less likely scenario
  • USDCHF bounced from 0.966 support.
  • EURUSD, high chances for a H4 bullish hammer on a lower line of the symmetrical triangle.
  • EURCHF climbs higher after traders buying CHF got their lesson from the SNB.

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