| | | | | FX Strategy 27 Aug 2020 | | | In the G10 FX Market, NOK and NZD are the top gainers today, up 0.19% and 0.03% versus the dollar while SEK and CAD are the top losers, down -0.18% and -0.13% versus the dollar, respectively. In the rates market, global yields were trading mixed today. The US 10-year was trading at 0.69, up 0.2bp. The Japan 10-year was trading at 0.036, flat 0.0bp. The German 10-year was trading at -0.431, down -1.0bp. The UK 10-year was trading at 0.287, down -1.8bp. | | | In the Asian equities, markets were trading weaker today. The Kospi was trading at 2344.45, down -1.05%. The Nikkei 225 was trading at 23208.86, down -0.35%. The Hang Seng was trading at 25283.0, down -0.82%. In the European equities, indices were trading weak today. The Euro Stoxx 50 was trading at 3349.35, down -0.22%. The DAX 30 was trading at 13175.25, down -0.11%. The FTSE 100 was trading at 6026.55, down -0.32%. | | | Looking at Equity Futures so far, the Euro Stoxx 50 Futures was trading at 3345.0, down -0.21%. The SP500 Futures was trading at 3472.62, down -0.22%. The FTSE100 Futures was trading at 6022.2, down -0.27%. | | | In the Energy space, Oil futures were trading mixed today. The Brent Crude Futures was trading at 46.09, up 0.99%. The WTI Crude Futures was trading at 43.24, down -0.35%. | | | Today we have already had South Korean Interest Rate Decision, as expected no change from current 0.5%. We have also seen French Business Confidence for August (Actual 93 v Forecast 85) which was released earlier this morning at 06:45 GMT. At 11:00 GMT we have the Mexican Balance of Trade figure for July (Previous $5.547B v Forecast $3B) alongside the Turkish Central Bank MPC Meeting Summary. | | | Moving into the afternoon session, we have Canadian Current Account Q2 (Previous C$-11.1B v Forecast C$-12.5B), weekly US Initial Jobless (Previous 1106K v Forecast 1004K) and Continuing Claims (Previous 14844K v Forecast 14900K) alongside headline US GDP Growth Rate QoQ 2nd Est Q2 (Previous -5% v Forecast -32.9%) which are all released at 12:30 GMT. Fed's Chair Powell is speaking at 13:10 GMT. US Pending Home Sales MoM (Previous 16.6% v Forecast 2%) and YoY (Previous 6.3% v Forecast 4%) follows at 14:00 GMT. Rounding up Thursday, we have Bank of Canada's Macklem speaking at 15:15 GMT with ECB's Lane following at 15:50 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 1.1789 for 1.1856
Short-term view: EURUSD support comes in at 1.1789 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.1856 enter at 1.1811. Below 1.1789 to open 1.1747 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.3182 for 1.3247
Short-term view: GBPUSD support comes in at 1.3182 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.3247 enter at 1.3203. Below 1.3182 to open 1.3145 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Resistance at 106.38 for 105.78
Short-term view: USDJPY resistance comes in at 106.38 MACD and RSI have a bearish bias. Hence, we see a dip to 105.78 enter at 106.18. Above 106.38 to open 106.77 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Support at 0.722 for 0.7253
Short-term view: AUDUSD support comes in at 0.722 MACD and RSI have a bullish bias. Hence, we see a bounce to 0.7253 enter at 0.7231. Below 0.722 to open 0.72 | | | | | | TraderMade
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