US: White House Press Conference Underway Shortly
White House Press Secretary Karine Jean-Pierre is shortly due to deliver a press conference from the White House.
- Livestream: https://www.whitehouse.gov/live/
- Jean-Pierre will be joined in the briefing room by White House COVID-19 Response Coordinator Dr. Ashish Jha.
- The briefing comes as the White House expresses concern that low COVID-19 booster vaccination rates and the unwillingness of Congress to approve additional pandemic response funds may leave the US vulnerable to a winter COVID-19 wave.
- The White House is expected to today launch a new programme of free COVID-19 testing and encourage vulnerable citizen to take up booster vaccines.
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EURGBP TECHS: Bullish Moving Average Set-Up
- RES 4: 0.9066/9266 High Sep 28 / High Sep 26 and key resistance
- RES 3: 0.8980 High Sep 29
- RES 2: 0.8867 High Oct 12
- RES 1: 0.8829 High Nov 09
- PRICE: 0.8724 @ 15:50 GMT Nov 15
- SUP 1: 0.8692 50-day EMA
- SUP 2: 0.8560/59 Low Oct 31 / 76.4% of Aug 2 - Sep 26 rally
- SUP 3: 0.8522 Low Aug 30
- SUP 4: 0.8471 Low Aug 28
EURGBP is consolidating. The outlook is bullish with the cross trading closer to its recent highs. Resistance at 0.8781, the Oct 21 high, was breached last week. This has strengthened the bullish theme and opens 0.8867 next, the Oct 12 high. Note that moving average studies are in a bull mode position, highlighting a rising cycle. For bears, a stronger reversal lower and a move through the Oct 31 low of 0.8560 is required to resume recent bearish activity.
US: State Department Press Conference Underway Shortly
US State Department Deputy Spokesperson Vedant Patel is shortly due to deliver a press conference from the Department of State.
- Livestream: https://www.state.gov/todays-briefing-schedule/
- Comes as the G20 Leaders Summit in Bali, Indonesia delivers a slight uptick in optimism that détente between China and the US may be on the horizon.
- Patel will also take questions on the increasingly violent suppression of protests in Iran and the lastest development in the war in Ukraine.
EUR: EURUSD Turns Negative On Session Following Russian Missile Headlines
- Major newswires now picking up on the news from Poland/Russia:
- RUSSIAN MISSILES CROSSED INTO POLAND, KILLING 2: AP
- AP CITES SENIOR US INTELLIGENCE OFFICIAL ON MISSILES
- The greenback has firmed across the board with EURUSD briefly trading back below 1.03 handle with a considerable turnaround from the post-PPI highs of 1.0479 earlier in the session.
- 1.0272/0163 Low Nov 14 / 11 are the immediate points of support before more significant support at 1.0094, High Oct 27.
