| | | | | FX Strategy 03 Sep 2020 | | | In the G10 FX Market, USD and JPY are the top gainers today while NOK and GBP are the top losers, down -0.54% and -0.52% versus the dollar, respectively. In the rates market, global yields were trading mixed today. The US 10-year was trading at 0.661, up 1.3bp. The Japan 10-year was trading at 0.032, down -0.4bp. The UK 10-year was trading at 0.227, down -0.8bp. The German 10-year was trading at -0.483, down -1.0bp. | | | In the Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 23465.53, up 0.94%. The Kospi was trading at 2395.9, up 1.33%. The Hang Seng was trading at 25024.5, down -0.38%. In the European equities, indices were trading stronger today. The DAX 30 was trading at 13380.35, up 1.03%. The FTSE 100 was trading at 5991.67, up 0.85%. The Euro Stoxx 50 was trading at 3380.75, up 1.29%. | | | Looking at Equity Futures so far,The FTSE100 Futures was trading at 5992.8, up 0.95%. The Euro Stoxx 50 Futures was trading at 3380.0, up 1.56%. The SP500 Futures was trading at 3576.62, down -0.07%. | | | In the Energy space, Oil futures were trading weak today. The WTI Crude Futures was trading at 41.36, down -0.36%. The Brent Crude Futures was trading at 44.16, down -0.61%. | | | Today we have already had Australian Balance of Trade data for July (Actual A$4.607B v Forecast A$5B) and Caixin Services PMI from China for August (Actual 55.1 v Forecast 53.7). We have also had economic data from Turkey with their Inflation Rate YoY for August (Actual 11.77% v Forecast 12.1%) and PPI YoY for the same period (Actual 11.53% v Forecast 10.7%). | | | This morning we also have Markit Services and Composite PMI Finals data (August) for Spain, France, Germany, Euro Area (EA) and the UK between 07:15 and 08:30 GMT. At 09:00 GMT we look forward to EA Retail Sales data for July with YoY (Previous 1.3% v Forecast 3.7%) and MoM (Previous 5.7% v Forecast 1.8%). | | | This afternoon we have Brazilian Industrial Production data for July, with MoM (Previous 8.9% v Forecast 6%) and YoY (Previous -9% v Forecast -7%) being released at 12:00 GMT. At 12:30 GMT we have Canadian Balance of Trade for July (Previous C$-3.19B v Forecast C$-2.3B) alongside US Balance of Trade for July (Previous $-50.7B v Forecast $-59) and weekly US Initial Jobless (Previous 1006K v Forecast 995K) and US Continuing Claims (Previous 14535K v Forecast 14150K). At 14:00 GMT we have BoE's Governor Bailey speaking alongside August data releases for US ISM Non-Manufacturing (Previous 67.2 v Forecast 63), Manufacturing Prices (Previous 57.6 v Forecast 55), New Orders (Previous 67.7 v Forecast 58), Manufacturing Employment (Previous 42.1 v Forecast 42) and Manufacturing PMI (Previous 58.1 v Forecast 56.5). ECB's Schnabel and Fed's Evans are speaking at 15:00 GMT and 17:00 GMT respectively. | | | 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: Resistance at 1.1869 for 1.1762
Short-term view: EURUSD resistance comes in at 1.1869 MACD and RSI have a bearish bias. Hence, we see a dip to 1.1762 enter at 1.1834. Above 1.1869 to open 1.1915 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 1.3346 for 1.3226
Short-term view: GBPUSD resistance comes in at 1.3346 MACD and RSI have a bearish bias. Hence, we see a dip to 1.3226 enter at 1.3306. Above 1.3346 to open 1.3409 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Support at 105.92 for 106.57
Short-term view: USDJPY support comes in at 105.92 MACD and RSI have a bullish bias. Hence, we see a bounce to 106.57 enter at 106.13. Below 105.92 to open 105.66 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 0.7341 for 0.726
Short-term view: AUDUSD resistance comes in at 0.7341 MACD and RSI have a bearish bias. Hence, we see a dip to 0.726 enter at 0.7314. Above 0.7341 to open 0.738 | | | | | | 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