| |
| |
FX Strategy 17 Aug 2020 |
| |
In the G10 FX Market, NOK and SEK are the top gainers today, up 0.36% and 0.3% versus the dollar while NZD and USD are the top losers. In the rates market, global yields were trading weaker today. The Japan 10-year was trading at 0.043, down -0.3bp. The UK 10-year was trading at 0.237, down -0.6bp. The German 10-year was trading at -0.428, down -0.9bp. The US 10-year was trading at 0.693, down -1.6bp. |
| |
In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 25462.5, up 1.11%. The Nikkei 225 was trading at 23096.75, down -0.83%. In the European equities, indices were trading firm today. The DAX 30 was trading at 12923.65, up 0.17%. The FTSE 100 was trading at 6110.43, up 0.33%. The Euro Stoxx 50 was trading at 3314.45, up 0.28%. |
| |
Looking at Equity Futures so far, FTSE100 Futures was trading at 6098.2, up 0.29%. The SP500 Futures was trading at 3373.62, up 0.36%. The Euro Stoxx 50 Futures was trading at 3310.0, up 0.18%. |
| |
In the Energy space, Oil futures were trading firm today. The WTI Crude Futures was trading at 42.66, up 1.55%. The Brent Crude Futures was trading at 45.13, up 0.74%. |
| |
Earlier this morning we have already seen the Japanese GDP Growth Rate QoQ Prel Q2 (Actual -7.8% v Forecast -6.5%) and Industrial Production for July Final (Actual 1.9% v Forecast -6.5%). Moving into the morning session, the Bundesbank release their monthly report at 10:00 GMT with Brazilian Central Bank (BCB) Focus Market Readout following at 11:30 GMT. |
| |
Moving into the afternoon session we have Canadian New Motor Sales for June (Previous 109K v Forecast 116K) and NY Empire State Manufacturing Index for August (Previous 17.2 v Forecast 16) both released at 12:30 GMT. At 14:00 GMT we have the US NAHB Housing Market Index for August (Previous 72 v Forecast 72) with Bundesbank's Beermann speaking at 16:30 GMT. |
| |
Later this evening we have US Foreign Bond Investment, Net Long-Term Tic Flows and Overall Net Capital Flows, all released at 20:00 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: Support at 1.1825 for 1.1894
Short-term view: EURUSD support comes in at 1.1825 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.1894 enter at 1.1848. Below 1.1825 to open 1.1799 |
| |
GBPUSD Chart (Two-week) |
| |
| |
| |
Strategy: Support at 1.3092 for 1.3187
Short-term view: GBPUSD support comes in at 1.3092 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.3187 enter at 1.3118. Below 1.3092 to open 1.3042 |
| |
USDJPY Chart (Two-week) |
| |
| |
| |
Strategy: Resistance at 106.69 for 106.08
Short-term view: USDJPY resistance comes in at 106.69 MACD and RSI have a bearish bias. Hence, we see a dip to 106.08 enter at 106.49. Above 106.69 to open 106.94 |
| |
AUDUSD Chart (Two-week) |
| |
| |
| |
Strategy: Support at 0.716 for 0.7204
Short-term view: AUDUSD support comes in at 0.716 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.7204 enter at 0.7175. Below 0.716 to open 0.7144 |
| |
| |
| 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