Forex forecasts and market outlooks

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15.10.2019 - 09.10.2019

AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (73.40). One of the previous maximums of Chikou Span line is expected to be a resistance level (73.75).

Trade Balance. China, 05:00 (GMT+2)

At 05:00 (GMT+2), the data on the trade balance of China for September will be published. The indicator is the ratio between the sum of prices of goods exported outside the borders of a given state and the sum of prices of goods imported into the territory of that state, that is, the difference between exports and imports. It is predicted that in September the surplus will increase to 36.3 billion dollars.

EUR/NZD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (1.7410). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7466).

GBP/CAD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. Merged Tenkan-sen and Kijun-sen lines have become a strong support level (1.6523). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.6830).

Starbucks Corp. (SBUX/NASD): general review

In shares of Starbucks, there is a correctional strengthening from a three-month low of October 2. The decline of the emitter's quotes from the July 52-week high was more than 13.5%. The company announced the publication of financial results for Q3 on October 31. The Wall Street expects another strong report, with earnings per share growth by 13% (YoY) to USD 0.70 and revenue growth by 5% (YoY) to USD 6.63 billion.