| | | | | FX Strategy 10 Aug 2020 | | | In the G10 FX Market, GBP and NOK are the top gainers today, up 0.06% and 0.01% versus the dollar while CHF and EUR are the top losers, down -0.18% and -0.14% versus the dollar, respectively. In the rates market, global yields were trading firm today. The UK 10-year was trading at 0.157, up 1.7bp. The German 10-year was trading at -0.5, up 0.5bp. The US 10-year was trading at 0.569, up 0.3bp. | | | In the Asian equities, markets were trading mixed today. The Kospi was trading at 2386.38, up 1.48%. The Hang Seng was trading at 24373.0, down -0.65%. In the European equities, indices were trading mixed today. The FTSE 100 was trading at 6058.24, up 0.43%. The Euro Stoxx 50 was trading at 3255.75, up 0.1%. The DAX 30 was trading at 12665.75, down -0.07%. | | | Looking at Equity Futures so far, FTSE100 Futures were trading at 6027.2, up 0.59%. The Euro Stoxx 50 Futures was trading at 3250.0, up 0.25%. The SP500 Futures was trading at 3347.12, up 0.07%. | | | In the Energy space, Oil futures were trading stronger today. The WTI Crude Futures was trading at 41.66, up 1.07%. The Brent Crude Futures was trading at 44.7, up 0.68%. | | | Today we have already seen China Inflation for July YoY (Actual 2.7% v Forecast 2.7%) and MoM (Actual 0.6% v Forecast 0.6%) alongside PPI YoY (Actual -2.4% v Forecast -2.4%). A relatively light day for economic releases sees Mexican Industrial Production for June YoY (Previous -30.7% v Forecast -28%) and MoM (Previous -1.8% v Forecast -1%) at 11:00 GMT. | | | This afternoon at 14:00 GMT we have US JOLTs Job Openings data for June (Previous 5.397M v Forecast 4.9M), moving into this evening Fed's Evans is speaking at 20:00 GMT with Japan Current Account data release for June following at 23:50 GMT (Previous YEN1176.8B v Forecast YEN90B). | | | 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 1.1808 for 1.1733
Short-term view: EURUSD resistance comes in at 1.1808 MACD and RSI have a bearish bias. Hence, we see a dip to 1.1733 enter at 1.1783. Above 1.1808 to open 1.1861 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 1.3135 for 1.2989
Short-term view: GBPUSD resistance comes in at 1.3135 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2989 enter at 1.3087. Above 1.3135 to open 1.3218 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Support at 105.59 for 106.17
Short-term view: USDJPY support comes in at 105.59 MACD and RSI have a bullish bias. Hence, we see a bounce to 106.17 enter at 105.78. Below 105.59 to open 105.24 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 0.7181 for 0.7119
Short-term view: AUDUSD resistance comes in at 0.7181 MACD and RSI have a bearish bias. Hence, we see a dip to 0.7119 enter at 0.7161. Above 0.7181 to open 0.7218 | | | | | | TraderMade
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