| | | | | FX Strategy 17 Sep 2020 | | | In the G10 FX Market, JPY and USD are the top gainers today while NOK and NZD are the top losers, down -0.82% and -0.64% versus the dollar, respectively. In the rates market, global yields were trading weaker today. The Japan 10-year was trading at 0.012, down -0.4bp. The German 10-year was trading at -0.496, down -1.5bp. The UK 10-year was trading at 0.202, down -1.5bp. The US 10-year was trading at 0.674, down -2.4bp. | | | In the Asian equities, markets were trading weak today. The Kospi was trading at 2406.17, down -1.22%. The Nikkei 225 was trading at 23319.37, down -0.67%. The Hang Seng was trading at 24312.75, down -1.67%. In the European equities, indices were trading weaker today. The Euro Stoxx 50 was trading at 3292.85, down -1.38%. The FTSE 100 was trading at 6016.84, down -1.01%. The DAX 30 was trading at 13068.85, down -1.41%. | | | Looking at Equity Futures so far, the Euro Stoxx 50 Futures was trading at 3282.0, down -1.56%. The SP500 Futures was trading at 3327.62, down -1.83%. The FTSE100 Futures was trading at 5983.8, down -1.59%. | | | In the Energy space, Oil futures were trading weaker today. The Brent Crude Futures was trading at 41.66, down -1.33%. The WTI Crude Futures was trading at 39.55, down -1.52%. | | | Today we have already seen Australian Employment data for August with Employment Change (Actual 111K v Forecast -40K), Unemployment Rate (Actual 6.8% v Forecast 7.7%) and Participation Rate (Actual 64.8% v Forecast 64.8%). Bank of Japan also held Interest Rates at -0.1%.This morning we have ECB's Guindos speaking at 08:00 GMT. We also have Euro Area Construction Output for July (Previous -5.9% v Forecast -4.2%), Core Inflation Rate YoY Final for August (Previous 1.2% v Forecast 0.4%) and Inflation Rate YoY Final for August (Previous 0.4% v Forecast -0.2%) which are all released at 09:00 GMT. At 11:00 GMT we have the Bank of England Interest Rate Decision, with unchanged from 0.1% expected and the MPC Minutes will follow. | | | This afternoon we look forward to weekly US Initial Jobless (Previous 884K v Forecast 830K) and Continuing Claims (Previous 13385K v Forecast 13500K) alongside August US Housing Starts (Previous 1.496M v Forecast 1.4M), Building Permits (Previous 1.483M v Forecast 1.5M) and Philadelphia Fed Manufacturing Index for September (Previous 17.2 v Forecast 13) which are all released at 12:30 GMT. At 13:00 GMT we expected unchanged Interest Rate Decision from South Africa. This evening at 23:30 GMT we have Japan Inflation Rate YoY for August (Previous 0.3% v Forecast 0.1%). | | | 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 1.1829 for 1.1734
Short-term view: EURUSD resistance comes in at 1.1829 MACD and RSI have a bearish bias. Hence, we see a dip to 1.1734 enter at 1.1798. Above 1.1829 to open 1.187 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.2892 for 1.3025
Short-term view: GBPUSD MACD and RSI are flat but support comes in at 1.2892 and we see a rise to 1.3025 enter at 1.2936. Below 1.2892 to open 1.2818 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Resistance at 105.06 for 104.43
Short-term view: USDJPY MACD and RSI are flat but resistance comes in at 105.06 and we see a dip to 104.43 enter at 104.85. Above 105.06 to open 105.33 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 0.731 for 0.7242
Short-term view: AUDUSD resistance comes in at 0.731 MACD and RSI have a bearish bias. Hence, we see a dip to 0.7242 enter at 0.7288. Above 0.731 to open 0.7341 | | | | | | 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