| | | | | FX Strategy 15 Oct 2020 | | | In the G10 FX Market, CHF and USD are the top gainers today while AUD and NOK are the top losers, down -0.85% and -0.5% versus the dollar, respectively. In the rates market, global yields were trading weaker today. The Japan 10-year was trading at 0.022, down -0.4bp. The UK 10-year was trading at 0.202, down -2.0bp. The US 10-year was trading at 0.706, down -2.1bp. The German 10-year was trading at -0.6, down -2.5bp. | | | In the Asian equities, markets were trading weaker today. The Kospi was trading at 2361.21, down -0.81%. The Nikkei 225 was trading at 23507.23, down -0.51%. The Hang Seng was trading at 24236.0, down -1.75%. In the European equities, indices were trading weak today. The Euro Stoxx 50 was trading at 3225.28, down -1.47%. The FTSE 100 was trading at 5847.11, down -1.48%. The DAX 30 was trading at 12819.65, down -1.6%. | | | Looking at Equity Futures so far, the SP500 Futures was trading at 3462.12, down -0.54%. The Euro Stoxx 50 Futures was trading at 3216.0, down -1.56%. The FTSE100 Futures was trading at 5819.8, down -1.55%. | | | In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 40.85, down -0.46%. The Brent Crude Futures was trading at 43.12, down -0.46%. | | | In terms of economic data releases, we have already had Australian September data with the Unemployment Rate (Actual 6.9% v Forecast 7%) and Employment Change (Actual -29.5K v Forecast -40K). We have also seen September data from China with Inflation Rate YoY (Actual 1.7% v Forecast 2%) and MoM (Actual 0.2% v Forecast 0.2%) alongside PPI YoY (Actual -2.1% v Forecast -1.8%). More recently this morning, we have had the release of the Inflation Rate YoY Final from France (Actual 0% v Forecast 0.1%) and MoM (Actual -0.5% v Forecast -0.5%) for September. | | | For the afternoon session, we start at 12:30 GMT with US Philadelphia Fed Manufacturing Index for October (Previous 15 v Forecast 13), weekly Initial Jobless (Previous 840K v Forecast 845K), Continuing Claims (Previous 10976K v Forecast 10650K), NY Empire State Manufacturing Index for October (Previous 17 v Forecast 12) plus September data for US Import Prices YoY (Previous -1.4% v Forecast -1.1%) and MoM (Previous 0.9% v Forecast 0.3%) alongside Export Prices YoY (Previous -2.8K v Forecast -2.3%) and MoM (Previous 0.5% v Forecast 0.2%). Bank of Canada's Lane is speaking at 13:45 GMT then followed by Fed's Quarles at 15:00 GMT. Weekly US Oil data is also released at 15:00 GMT also. To round-up the afternoon session, ECB President Lagarde is speaking at 16:00 GMT. Later this evening, Fed's Kashkari is speaking at 21:00 GMT followed by South Korean Unemployment Rate for September at 23:00 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: Resistance at 1.1772 for 1.1694
Short-term view: EURUSD MACD and RSI are flat but resistance comes in at 1.1772 and we see a dip to 1.1694 enter at 1.1746. Above 1.1772 to open 1.1797 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.2894 for 1.3096
Short-term view: GBPUSD support comes in at 1.2894 MACD and RSI have a bullish bias. Hence, we see a bounce to 1.3096 enter at 1.2961. Below 1.2894 to open 1.2778 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Resistance at 105.45 for 104.96
Short-term view: USDJPY resistance comes in at 105.45 MACD and RSI have a bearish bias. Hence, we see a dip to 104.96 enter at 105.29. Above 105.45 to open 105.73 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 0.713 for 0.7084
Short-term view: AUDUSD resistance comes in at 0.713 MACD and RSI have a bearish bias. Hence, we see a dip to 0.7084 enter at 0.7115. Above 0.713 to open 0.7146 | | | | | | TraderMade
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