| | | | | FX Strategy 14 Aug 2020 | | | In the G10 FX Market, JPY and AUD are the top gainers today, up 0.12% and 0.03% versus the dollar while NZD and NOK are the top losers, down -0.17% and -0.17% versus the dollar, respectively. In the rates market, global yields were trading mixed today. The Japan 10-year was trading at 0.042, up 0.1bp. The German 10-year was trading at -0.415, down -0.5bp. The UK 10-year was trading at 0.242, down -0.5bp. The US 10-year was trading at 0.703, down -1.4bp. | | | In the Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 23289.36, up 0.17%. The Hang Seng was trading at 25249.75, up 0.08%. The Kospi was trading at 2407.49, down -1.23%. In the European equities, indices were trading weaker today. The Euro Stoxx 50 was trading at 3319.85, down -0.69%. The FTSE 100 was trading at 6135.4, down -0.81%. The DAX 30 was trading at 12931.4, down -0.48%. | | | Looking at Equity Futures so far, SP500 Futures was trading at 3370.62, up 0.09%. The Euro Stoxx 50 Futures was trading at 3316.0, down -0.84%. The FTSE100 Futures was trading at 6125.8, down -0.98%. | | | In the Energy space, Oil futures were trading weaker today. The Brent Crude Futures was trading at 44.88, down -0.18%. The WTI Crude Futures was trading at 42.12, down -0.28%. | | | Earlier this morning we have already had data releases from China for July, with House Price Index YoY (Actual 4.8% v Forecast 5%), Industrial Production YoY (Actual 4.8% v Forecast 5.5%), Retail Sales (Actual -1.1% v Forecast 0.5%) and Unemployment Rate (Actual 5.7% v Forecast 5.7%). We have also seen the Inflation Rate YoY Final for July from France (Actual 0.8% v Forecast 0.8%) which was released at 06:45 GMT earlier today. | | | Looking forward to the morning session, at 09:00 GMT we have several EA data releases with GDP Growth Rate QoQ 2nd Est Q2 (Previous -3.6% v Forecast -12.1%), GDP Growth Rate YoY 2nd Est Q2 (Previous -3.1% v Forecast -15%), Balance of Trade for June (Previous €9.4B v Forecast €11B), Employment Change YoY Prel Q2 (Previous 0.4% v Forecast -1.8%) and Employment Change QoQ Prel Q2 (Previous -0.2% v Forecast -2%). | | | For this afternoon, all eyes are on July's US Retail Sales (Previous 7.5% v Forecast 2%) at 12:30 GMT, with US Industrial Production MoM for July (Previous 5.4% v Forecast 2.8%) following at 13:15 GMT. At 14:00 GMT we have US Business Inventories MoM for June (Previous -2.3% v Forecast -1.4%), US Michigan Consumer Sentiment Prel (Previous 72.5 v Forecast 71.1) and US Michigan Consumer Expectations Prel (Previous 65.9 v Consensus 66.7) for August. No speakers are expected today. | | | 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 1.1775 for 1.1858
Short-term view: EURUSD MACD and RSI are flat but support comes in at 1.1775 and we see a rise to 1.1858 enter at 1.1802. Below 1.1775 to open 1.1736 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.3023 for 1.3118
Short-term view: GBPUSD MACD and RSI are flat but support comes in at 1.3023 and we see a rise to 1.3118 enter at 1.3054. Below 1.3023 to open 1.2978 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Resistance at 107.13 for 106.36
Short-term view: USDJPY MACD and RSI are flat but resistance comes in at 107.13 and we see a dip to 106.36 enter at 106.88. Above 107.13 to open 107.33 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 0.7179 for 0.7126
Short-term view: AUDUSD resistance comes in at 0.7179 MACD and RSI have a bearish bias. Hence, we see a dip to 0.7126 enter at 0.7162. Above 0.7179 to open 0.7211 | | | | | | 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