| | | | | FX Strategy 09 Sep 2020 | | | In the G10 FX Market, JPY and NZD are the top gainers today, up 0.15% and 0.03% versus the dollar while GBP and NOK are the top losers, down -0.39% and -0.35% versus the dollar, respectively. In the rates market, global yields were trading weak today. The Japan 10-year was trading at 0.026, down -0.1bp. The UK 10-year was trading at 0.17, down -0.5bp. The German 10-year was trading at -0.504, down -1.0bp. The US 10-year was trading at 0.663, down -1.9bp. | | | In the Asian equities, markets were trading weak today. The Kospi was trading at 2375.81, down -1.09%. The Nikkei 225 was trading at 23032.54, down -1.04%. The Hang Seng was trading at 24339.0, down -1.16%. In the European equities, indices were trading mixed today. The DAX 30 was trading at 13003.95, up 0.27%. The Euro Stoxx 50 was trading at 3276.25, up 0.27%. The FTSE 100 was trading at 5924.85, down -0.09%. | | | Looking at Equity Futures so far, the Euro Stoxx 50 Futures was trading at 3274.0, up 0.18%. The SP500 Futures was trading at 3338.38, up 0.09%. The FTSE100 Futures was trading at 5929.5, up 0.03%. | | | In the Energy space, Oil futures were trading weak today. The Brent Crude Futures was trading at 39.48, down -0.75%. The WTI Crude Futures was trading at 36.43, down -0.9%. | | | In terms of economic data releases, we have already seen Australian Westpac Consumer Confidence Index (Actual 93.8 v Forecast 77) for September, plus also Chinese Inflation Rate for August, with YoY (Actual 2.4% v Forecast 2.5%) and MoM (Actual 0.4% v Forecast 0.3%) alongside PPI YoY again for August (Actual -2% v Forecast -1.5%). | | | Looking forward to this morning we have Mexican Inflation Rate YoY (Previous 3.62% v Forecast 3.9%), Core Inflation Rate MoM (Previous 0.4% v Forecast 0.3%) and Inflation Rate MoM (Previous 0.66% v Forecast 0.3%) for August at 11:00 GMT.This afternoon we have Brazilian Inflation Rate YoY (Previous 2.31% v Forecast 2.4%) and MoM (Previous 0.36% v Forecast 0.2%) for August at 12:00 GMT. Canadian Housing Starts for August follows at 12:15 GMT (Previous 245.6K v Forecast 222K), and following this at 14:00 GMT we have the Bank of Canada's Interest Rate Decision with expectations of no change at 0.25%. Later this evening at 23:50 GMT we have July Japanese Machinery Orders for YoY (Previous -22.5% v Forecast -18%) and MoM (Previous -7.6% v Forecast 2%). | | | 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 1.1789 for 1.1727
Short-term view: EURUSD resistance comes in at 1.1789 MACD and RSI have a bearish bias. Hence, we see a dip to 1.1727 enter at 1.1769. Above 1.1789 to open 1.1813 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 1.3046 for 1.2851
Short-term view: GBPUSD resistance comes in at 1.3046 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2851 enter at 1.2982. Above 1.3046 to open 1.3111 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Resistance at 106.09 for 105.57
Short-term view: USDJPY resistance comes in at 106.09 MACD and RSI have a bearish bias. Hence, we see a dip to 105.57 enter at 105.92. Above 106.09 to open 106.32 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 0.7245 for 0.718
Short-term view: AUDUSD resistance comes in at 0.7245 MACD and RSI have a bearish bias. Hence, we see a dip to 0.718 enter at 0.7224. Above 0.7245 to open 0.7279 | | | | | | TraderMade
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