| | | | | FX Strategy 07 Aug 2020 | | | In the G10 FX Market, USD and JPY are the top gainers today while NOK and NZD are the top losers, down -0.42% and -0.35% versus the dollar, respectively. In the rates market, global yields were trading mixed today. The German 10-year was trading at -0.53, up 0.9bp. The UK 10-year was trading at 0.108, up 0.9bp. The Japan 10-year was trading at 0.007, down -0.5bp. The US 10-year was trading at 0.523, down -1.5bp. | | | In the Asian equities, markets were trading mixed today. The Kospi was trading at 2351.67, up 0.39%. The Nikkei 225 was trading at 22329.94, down -0.39%. The Hang Seng was trading at 24424.0, down -2.03%. In the European equities, indices were trading weaker today. The Euro Stoxx 50 was trading at 3236.95, down -0.11%. The DAX 30 was trading at 12585.75, down -0.05%. The FTSE 100 was trading at 6019.05, down -0.13%. | | | Looking at Equity Futures so far, the Euro Stoxx 50 Futures was trading at 3232.0, down -0.15%. The FTSE100 Futures was trading at 5990.8, down -0.18%. The SP500 Futures was trading at 3331.12, down -0.39%. | | | In the Energy space, Oil futures were trading weak today. The Brent Crude Futures was trading at 44.95, down -0.31%. The WTI Crude Futures was trading at 41.81, down -0.33%. | | | In terms of data so far, China Imports y/y came in at -1.4% vs 1.0% expected. China Trade balance USD came in at 62.33Bln US vs 42.0Bln US expected. China Exports y/y came in at 7.2% vs -0.2% expected. The German Industrial output m/m came in at 8.9% vs 8.1% expected. Looking ahead, The US Non Farm payrolls is due to release at 12:30 GMT 4800.0k previous vs 1600.0k expected. The US Average earnings m/m is expected at -0.5%. The US Unemployment rate is expected to be 10.5%. Canada Unemployment rate is also due to release at 12:30 GMT 12.3% previous vs 11.0% expected. Canada Employment change is 952.9k previous vs 400.0k expected. Canada Ivey PMI is due to release at 14:00 GMT. | | | 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: Resistance at 1.187 for 1.1772
Short-term view: EURUSD resistance comes in at 1.187 MACD and RSI have a bearish bias. Hence, we see a dip to 1.1772 enter at 1.1841. Above 1.187 to open 1.1923 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 1.3147 for 1.3073
Short-term view: GBPUSD resistance comes in at 1.3147 MACD and RSI have a bearish bias. Hence, we see a dip to 1.3073 enter at 1.3125. Above 1.3147 to open 1.3181 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Support at 105.33 for 105.73
Short-term view: USDJPY support comes in at 105.33 MACD and RSI have a bullish bias. Hence, we see a bounce to 105.73 enter at 105.46. Below 105.33 to open 105.12 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Support at 0.7193 for 0.7259
Short-term view: AUDUSD MACD and RSI are flat but support comes in at 0.7193 and we see a rise to 0.7259 enter at 0.7211. Below 0.7193 to open 0.7151 | | | | | | TraderMade
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