| | | | | FX Strategy 06 Aug 2020 | | | In the G10 FX Market, GBP and JPY are the top gainers today, up 0.3% and 0.08% versus the dollar while NZD and SEK are the top losers, down -0.14% and -0.08% versus the dollar, respectively. In the rates market, global yields were trading mixed today. The UK 10-year was trading at 0.147, up 2.0bp. The German 10-year was trading at -0.502, up 0.4bp. The Japan 10-year was trading at 0.014, up 0.1bp. The US 10-year was trading at 0.543, down -0.6bp. | | | In the Asian equities, markets were trading mixed today. The Kospi was trading at 2342.61, up 1.33%. The Nikkei 225 was trading at 22418.15, down -0.43%. The Hang Seng was trading at 24793.0, down -1.23%. In the European equities, indices were trading weaker today. The DAX 30 was trading at 12647.45, down -0.1%. The Euro Stoxx 50 was trading at 3254.95, down -0.41%. The FTSE 100 was trading at 6035.79, down -1.13%. | | | Looking at Equity Futures so far,The SP500 Futures was trading at 3317.12, up 0.03%. The Euro Stoxx 50 Futures was trading at 3250.0, down -0.34%. The FTSE100 Futures was trading at 6009.0, down -0.9%. | | | In the Energy space, Oil futures were trading mixed today. The Brent Crude Futures was trading at 45.26, up 0.2%. The WTI Crude Futures was trading at 42.14, down -0.12%. | | | In terms of data so far, Germany German Industrial orders m/m came in at 27.9% vs 10.1% expected. The BoE kept interest rates at 0.1% as expected. Looking ahead, The US Intial Jobless claims is due to release at 12:30 GMT 1434.0k vs 1415.0k expected. Japan Household spending m/m is due to release at 23:30 GMT -0.1% vs 7.5% 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 1.1802 for 1.1915
Short-term view: EURUSD support comes in at 1.1802 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.1915 enter at 1.1839. Below 1.1802 to open 1.1741 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.311 for 1.3217
Short-term view: GBPUSD support comes in at 1.311 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.3217 enter at 1.3145. Below 1.311 to open 1.3059 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Resistance at 105.88 for 105.32
Short-term view: USDJPY resistance comes in at 105.88 MACD and RSI have a bearish bias. Hence, we see a dip to 105.32 enter at 105.7. Above 105.88 to open 106.15 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Support at 0.715 for 0.7237
Short-term view: AUDUSD MACD and RSI are flat but support comes in at 0.715 and we see a rise to 0.7237 enter at 0.7179. Below 0.715 to open 0.7108 | | | | | | TraderMade
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