| | | | | FX Strategy 26 Aug 2020 | | | In the G10 FX Market, JPY and USD are the top gainers today while SEK and CHF are the top losers, down -0.37% and -0.33% versus the dollar, respectively. In the rates market, global yields were trading stronger today. The US 10-year was trading at 0.711, up 2.3bp. The UK 10-year was trading at 0.288, up 2.1bp. The German 10-year was trading at -0.41, up 1.6bp. The Japan 10-year was trading at 0.038, up 0.6bp. | | | In the Asian equities, markets were trading mixed today. The Kospi was trading at 2369.32, up 0.11%. The Nikkei 225 was trading at 23290.86, down -0.03%. The Hang Seng was trading at 25447.0, down -0.15%. In the European equities, indices were trading weaker today. The Euro Stoxx 50 was trading at 3323.05, down -0.2%. The DAX 30 was trading at 13045.4, down -0.12%. The FTSE 100 was trading at 6008.12, down -0.48%. | | | Looking at Equity Futures so far, the SP500 Futures was trading at 3439.38, down -0.11%. The Euro Stoxx 50 Futures was trading at 3318.0, down -0.33%. The FTSE100 Futures was trading at 6000.0, down -0.56%. | | | In the Energy space, Oil futures were trading mixed today. The Brent Crude Futures was trading at 46.31, up 0.98%. The WTI Crude Futures was trading at 43.26, down -0.21%. | | | In terms of data releases, today we have already seen Australian Construction Work Done QoQ Q2 (Actual -0.7% v Forecast -5.5%) and Consumer Confidence from France for August (Actual 94 v Forecast 96). This morning we look forward to South African Inflation Rate YoY for July (Previous 2.2% v Forecast 3%) at 08:00 GMT and French Unemployment Benefit Claims for July (Previous -202.7K v Forecast -70.7K) at 10:00 GMT. Mexican GDP Growth Rate QoQ Final Q2 (Previous -1.2% v Forecast -17.3%) and YoY Final Q2 (Actual -1.4% v Forecast -18.9%) is also released at 11:00 GMT. | | | Moving into the afternoon session, we have US Durable Goods Orders MoM for July at 12:30 GMT (Previous 7.3% v Forecast 3.9%) with ECB's Schnabel speaking at 13:00 GMT. Bank of Canada's Wilkins is also speaking this afternoon, starting at 14:00 GMT and at 14:30 GMT we have the weekly US Oil data being released. To round-up the day, we have Bank of England's Haldane speaking at 16:00 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 1.1761 for 1.1857
Short-term view: EURUSD support comes in at 1.1761 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.1857 enter at 1.1793. Below 1.1761 to open 1.1738 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.3083 for 1.3195
Short-term view: GBPUSD support comes in at 1.3083 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.3195 enter at 1.312. Below 1.3083 to open 1.3015 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Support at 105.98 for 106.69
Short-term view: USDJPY support comes in at 105.98 MACD and RSI have a bullish bias. Hence, we see a bounce to 106.69 enter at 106.21. Below 105.98 to open 105.57 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Support at 0.7164 for 0.7212
Short-term view: AUDUSD support comes in at 0.7164 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.7212 enter at 0.718. Below 0.7164 to open 0.7133 | | | | | | TraderMade
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