| | | | | FX Strategy 05 Aug 2020 | | | In the G10 FX Market, NOK and AUD are the top gainers today, up 0.36% and 0.34% versus the dollar while USD and JPY are the top losers. In the rates market, global yields were trading mixed today. The US 10-year was trading at 0.52, up 0.8bp. The Japan 10-year was trading at 0.008, up 0.3bp. The UK 10-year was trading at 0.078, up 0.1bp. The German 10-year was trading at -0.55, flat 0.0bp. | | | In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 25092.0, up 0.58%. The Kospi was trading at 2311.86, up 1.4%. The Nikkei 225 was trading at 22514.85, down -0.26%. In the European equities, indices were trading firm today. The DAX 30 was trading at 12680.05, up 0.63%. The FTSE 100 was trading at 6084.45, up 0.8%. The Euro Stoxx 50 was trading at 3280.05, up 0.79%. | | | Looking at Equity Futures so far, the FTSE100 Futures was trading at 6043.5, up 0.64%. The Euro Stoxx 50 Futures was trading at 3272.0, up 0.62%. The SP500 Futures was trading at 3311.62, up 0.39%. | | | In the Energy space, Oil futures were trading stronger today. The Brent Crude Futures was trading at 44.76, up 0.97%. The WTI Crude Futures was trading at 41.97, up 1.01%. | | | In terms of data so far, China Caixin Services PMI came in at 54.1. The EU Markit services PMI (Final) came in at 51.9. Looking ahead, The UK Markit Services PMI is due to release at 08:30 GMT 56.6 vs 56.6 expected. The EU Retail sales y/y is due to release at 09:00 GMT -5.1% vs -0.5% expected. The US ADP employment change is due to release at 12:15 GMT 2369.0k vs 1500.0k expected. The US Trade balance is due to release at 12:30 GMT -54.6Bln vs -50.1 Bln expected. Canada Trade balance m/m is due to release at 12:30 GMT -0.68Bln vs -0.9Bln expected. | | | 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 1.1777 for 1.1862
Short-term view: EURUSD support comes in at 1.1777 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.1862 enter at 1.1805. Below 1.1777 to open 1.1747 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.3054 for 1.3126
Short-term view: GBPUSD support comes in at 1.3054 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.3126 enter at 1.3078. Below 1.3054 to open 1.2999 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Resistance at 106.06 for 105.5
Short-term view: USDJPY resistance comes in at 106.06 MACD and RSI have a bearish bias. Hence, we see a dip to 105.5 enter at 105.88. Above 106.06 to open 106.41 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Support at 0.7145 for 0.7206
Short-term view: AUDUSD support comes in at 0.7145 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.7206 enter at 0.7165. Below 0.7145 to open 0.7122 | | | | | | TraderMade
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