| | | | | FX Strategy 13 Aug 2020 | | | In the G10 FX Market, NOK and EUR are the top gainers today, up 0.34% and 0.33% versus the dollar while NZD and CAD are the top losers, down -0.17% and -0.01% versus the dollar, respectively. In the rates market, global yields were trading weaker today. The US 10-year was trading at 0.665, down -0.8bp. The German 10-year was trading at -0.458, down -0.9bp. The Japan 10-year was trading at 0.032, down -0.9bp. The UK 10-year was trading at 0.217, down -2.0bp. | | | In the Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 23249.61, up 1.78%. The Kospi was trading at 2437.53, up 0.21%. The Hang Seng was trading at 25207.0, down -0.15%. In the European equities, indices were trading weak today. The Euro Stoxx 50 was trading at 3355.89, down -0.22%. The DAX 30 was trading at 13037.85, down -0.16%. The FTSE 100 was trading at 6211.55, down -1.09%. | | | Looking at Equity Futures so far, SP500 Futures was trading at 3369.12, down -0.03%. The Euro Stoxx 50 Futures was trading at 3352.0, down -0.3%. The FTSE100 Futures was trading at 6205.2, down -0.85%. | | | In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 42.51, down -0.37%. The Brent Crude Futures was trading at 45.26, down -0.37%. | | | Earlier today we have already seen July's Australian Unemployment Rate (Actual 7.5% v Forecast 7.7%) and Full-Time Employment Change (Actual 43.5K v Forecast -20K). We have also seen Q2 French Unemployment Rate (Actual 7.1% v Forecast 8.5%) and German data for July, with Inflation Rate YoY (Actual -0.1% v Forecast -0.1%), Wholesale Prices YoY (Actual -2.6% v Forecast -2.8%) and Wholesale Prices MoM (Actual 0.5% v Forecast 0.3%). | | | Looking forward to the afternoon trading session, at 12:00 GMT we have Inflation Rate YoY for July for India (Previous 6.09% v Forecast 6.2%) followed at 12:30 GMT by July data from the US – releases include Export Prices YoY (Previous -4.4% v Forecast -4.1%), Export Prices MoM (Previous 1.4% v Forecast 0.4%), Import Prices YoY (Previous -3.8% v Forecast -3.2%), Import Prices MoM (Previous 1.4% v Forecast 0.6%) alongside the weekly Initial Jobless (Previous 1186K v Forecast 1150K) and Continuing Claims (Previous 16107K v Forecast 15800K). | | | Later this evening we have the Interest Rate Decision from Mexico at 18:00 GMT (Previous 5% v Forecast 4.5%) with RBA Governor Lowe speaking at 23:30 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: Support at 1.1772 for 1.188
Short-term view: EURUSD support comes in at 1.1772 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.188 enter at 1.1808. Below 1.1772 to open 1.1724 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.3036 for 1.3098
Short-term view: GBPUSD support comes in at 1.3036 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.3098 enter at 1.3056. Below 1.3036 to open 1.3004 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Support at 106.57 for 107.14
Short-term view: USDJPY MACD and RSI are flat but support comes in at 106.57 and we see a rise to 107.14 enter at 106.74. Below 106.57 to open 106.21 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Support at 0.7149 for 0.7189
Short-term view: AUDUSD support comes in at 0.7149 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.7189 enter at 0.7162. Below 0.7149 to open 0.7122 | | | | | | TraderMade
Kingfisher House, 21-23 Elmfield Rd
Bromley, Kent, BR1 1LT, United Kingdom
E: info@tradermade.com
T: +44(0)20 8313 0092
S: 0800 298 2520 (24hr) | | | | | | | | | | | The FXNavigator On-line Research Service (the "Service") is provided by Tradermade Systems Ltd ("TraderMade"). The Service is comprised of annotated charts ("Charts"), technical commentary ("Commentary"), TraderMade strategies ("Strategies") and technical alerts ("Alerts"). The Service is delivered to end-users through a variety of mechanisms, including but not limited to TraderMade's own proprietary platforms, Thomson Reuters own proprietary platforms, email, RSS, Twitter, Facebook and LinkedIn.
This document outlines TraderMade's specific disclaimers about usage of the content of this Service. TraderMades General Terms and Conditions for use of the service are located here: Terms and Conditions.
TraderMade is an independent information supplier and does not provide trading accounts or hold any Clients funds or monies for trading or trading related activities.
General nature of the Service.
The content of this Service is of a general nature without specific knowledge of any end-users personal or financial circumstances and is therefore presented for the end-user viewers information and entertainment only.
Any trading Strategies outlined in the Service are no more than the opinions of Analysts and are hypothetical disclosures based upon general predictions and interpretations of the Market being analysed.
Service Delivery and Delays.
The content of the Service is delivered as quickly as is reasonably possible using multiple routing venues and internet technologies.
By using the Service, end-users acknowledge that the Service may be delayed for reasons beyond the reasonable control of TraderMade.
For the avoidance of doubt, each part of the Service is current only as at the date and time shown on the part in question, not the date and time delivered and not the time first viewed by the end-user.
Indicative Prices.
Charts, Alerts and other quantitative Market information supplied within the Service are based upon the market data that is supplied to TraderMade by reputable third parties, and TraderMade use this information in the Service in good faith.
TraderMade provide no assertion or warrantee that prices or market levels indicated in any part of the Service will in fact be reflected in any exchange, any market place or any trading platform.
Markets Trading
Trading or investing in any market-traded financial instrument, including foreign exchange, contains significant levels of inherent financial risk. End Users involved in trading activities may lose some or all of the money they invest in those trading activities, and in certain cases may lose more than they have invested.
TraderMade strongly recommend that all end-users take independent advice from a financial or trading professional who is apprised of their individual circumstances before commencing trading activities.
Only true discretionary income should be used for trading in the Foreign Exchange market. If you are considering trading in the Foreign Exchange market before you trade make sure you understand how the spot market operates and be thoroughly familiar with the operation of and the limitations of the platform on which you are going to trade.
No parts of the Service, including the Strategies, are a solicitation or enticement by TraderMade or any person or any organisation to transact any financial instrument now or at any time in the future.
Due to the inherent risks and unknowable nature of the future behaviour of financial markets, TraderMade take no responsibility for any individual investment decisions taken by any end-user based upon any part of the Service. | | | | | |
No comments:
Post a Comment