Scotiabank: GBP/USD entered the dead zone and does not give any signals

According to bank's analysts the short-term technical picture for the GBP/USD looks neutral and the pair seems to have entered a dead zone and does not give any signals.
However, it seems that correction up is exhausted and the Bank remain long-term bearish.
Repeated testing this week on the support of 1.2255-60 dollars seems a key area that could determine the fate of the dynamics of the GBP/USD in near future, they added.
If the pair hold above this level, it is entirely possible that it would test the area of 1.23 dollars. Otherwise, it is expected the pair to fall below 1.2250 dollars, which make the picture bearish.

BTMU: USD/JPY remains in range to the US elections

Analysts at Bank of Tokyo-Mitsubishi UFJ have a neutral view on USD/JPY, as they look to the next week and expect the pair to move between ¥102.50 and ¥104.50, while consider possible a risk of appreciation of the exchange rate.
Trading on the USD/JPY remains stable. All major markets, the yen bonds and the Exchange's Nikkei are stable, indicating low volatility and turnover in the past two weeks, analysts say.
Next week the yen will be bought by exporters, analysts said.
Their operations may increase at the end of the month, while the yen will likely be sold by Japanese investors who can keepthe pair to the lower border of the range of the rise in the exchange rate of USD/JPY, they added.
The dollar is unlikely to be strong on the eve of the US presidential election, experts write.

Are you concerned?

To be concerned it is to feel anxious or uncomfortable, often (but not always) because of the participation of a negative event or result. However, we are all people and we need to avoid the immediate pain.
For forex traders, the main sources of psychological pain usually include loss of capital. With these problems, our concerns can complicate with care for high margin loss or forgetfulness of important factors during the analysis. As you can imagine, the list with concerns can last more.
Worries are not a bad thing, but they reveal our weaknesses. And once you've studied them, you can overcome them and become a better trader. I'll give you some tips on how to cope.

Bank of America Merrill Lynch: Speculators buy dollars

Interest in the dollar continues for several weeks in a row, as the main driver of this process remains demand from hedge funds. The positioning of market participants compared to last year remained neutral, but the difference between the behavior of hedge funds and "real money" investors is obvious, analysts say.
Their models predict further growth of the US currency, but the main issue remains the participation in this process of "real money", which generate the bulk of capital flows.
The results of a research of analysts of the bank suggest that "real money" adhere to the moderately optimistic outlook for the dollar, however, do not rush to increase their long positions.

Free webinar: "Trading continuations with a simple pattern"

On October 20 there will be a very useful free "Trading continuations with a simple pattern".
The Pro trader Paul Wallace will provide a basic demo of how to trade the continuation of a trend with one simple strategy.
Time: 7pm-8pm Cost: Free Place: Online
 Don't the other interesting and useful webinar, which will be held in October:
October 27: "Volatility Trading - Get ready for a bumpy ride";
 For more information and registration, visit here.

Morgan Stanley: GBP/USD could rise to 1.2650

According to analysts' forecasts of the bank the British currency should begin to recover from current levels, GBP/USD has all chances to go up to 1.2650 dollars amid rumors that the government is studying alternative methods for Brexit.
According to the Financial Times UK can continue to pay billions to save the reach of the City to markets of united Europe and Theresa Mae assures that the export competitiveness of automakers in the country will not suffer as a result of negotiations for Brexit.
Investors take extremely aggressive short positions in pounds, making the growth of this currency in the short term unlikely, analysts said. In addition, the assumption on the likely impact of the pound on the policy of Bank of England may limit the potential for a further reduction of British currency in the short term, analysts conclude.

EUR/USD

The European currency has opened the new week pretty good, gaining against the US competitor about 30 points. Mostly, the true cause of a hitch in the development of further downward rally lies in the absence of fundamental support needed for the implementation of downwards idea. Market participants continue to discuss the prospects of the European program of quantitative easing. There is reason to believe that at the December meeting, the ECB may decide to extend the QE program by 6 months. With regard to its volume, according to the baseline scenario, the limit of purchases will be stored on the same mark of 80 billion euro. Additional support for the euro was the data on consumer prices of the Eurozone. As expected, the growth of inflation in the EU on the basis of last month amounted to 0.4% m/m against the previous 0.1% m/m. In annual terms, the index remained unchanged at 0.4%. On one hand, a good report on the CPI reduces the likelihood of new stimulus by the ECB, on the other hand, the growth rate may be associated with reduction of the cost of oil, which at any moment risking to fall below $50 per barrel. Another factor in the increased demand for euro acted as a weakening of the US currency, which led to a decrease in the yield spread between the dollar and euro bonds. Today on the focus is US CPI data. In the case of growth of the indicator, the euro could come under serious pressure, leading EUR/USD below 1.0950.