| | | | | FX Strategy 04 Aug 2020 | | | In the G10 FX Market, NOK and AUD are the top gainers today, up 0.3% and 0.21% versus the dollar while USD and JPY are the top losers. In the rates market, global yields were trading mixed today. The German 10-year was trading at -0.516, up 1.2bp. The UK 10-year was trading at 0.106, up 0.9bp. The US 10-year was trading at 0.554, flat 0.0bp. The Japan 10-year was trading at 0.012, down -0.5bp. | | | In the Asian equities, markets were trading stronger today. The Hang Seng was trading at 25053.0, up 2.43%. The Nikkei 225 was trading at 22573.66, up 1.7%. The Kospi was trading at 2279.97, up 1.29%. In the European equities, indices were trading firm today. The DAX 30 was trading at 12719.45, up 0.57%. The Euro Stoxx 50 was trading at 3268.35, up 0.62%. The FTSE 100 was trading at 6034.84, up 0.03%. | | | Looking at Equity Futures so far, Euro Stoxx 50 Futures was trading at 3262.0, up 0.43%. The SP500 Futures was trading at 3293.62, up 0.16%. The FTSE100 Futures was trading at 5996.8, down -0.06%. | | | In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 40.88, down -0.32%. The Brent Crude Futures was trading at 44.01, down -0.32%. | | | Overnight we have seen multiple data releases from Australia for June, with Balance of Trade (Actual A$8.202B v A$8.5B), Retail Sales (Actual 2.7% v Forecast 2.6%), Exports MoM (Actual 3% v Forecast -2%) and Imports MoM (Actual 1% v Forecast -4%). The RBA also announced expected unchanged Interest Rates earlier today. | | | This morning we have June's EA PPI MoM (Previous -0.6% v Forecast 0.4%) and YoY (Previous -5% v Forecast -4%) at 09:00 GMT with Brazilian Industrial Production for June (Previous 7% v Forecast 2%) following at 12:00 GMT. At 13:30 GMT we have Canadian Markit Manufacturing PMI for July (Previous 47.8 v Forecast 48.6) with June US Factory Orders MoM following at 14:00 GMT (Previous 8% v Forecast 6.5%). | | | 10-Year Yields Daily Chart (1-month) | | | | | | | Daily FX Pivots | | | | | | | Brent Crude Daily Chart (1-month) | | | | | | | Forex Chart and Technical Analysis | | | EURUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.1752 for 1.1808
Short-term view: EURUSD MACD and RSI are flat but support comes in at 1.1752 and we see a rise to 1.1808 enter at 1.177. Below 1.1752 to open 1.1706 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.3064 for 1.3123
Short-term view: GBPUSD MACD and RSI are flat but support comes in at 1.3064 and we see a rise to 1.3123 enter at 1.3083. Below 1.3064 to open 1.3015 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Resistance at 106.42 for 105.53
Short-term view: USDJPY MACD and RSI are flat but resistance comes in at 106.42 and we see a dip to 105.53 enter at 106.13. Above 106.42 to open 106.89 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 0.7157 for 0.7117
Short-term view: AUDUSD MACD and RSI are flat but resistance comes in at 0.7157 and we see a dip to 0.7117 enter at 0.7144. Above 0.7157 to open 0.7191 | | | | | | TraderMade
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