| | | | | FX Strategy 19 Oct 2020 | | | In the G10 FX Market, SEK and CAD are the top gainers today, up 0.28% and 0.22% versus the dollar while NOK and AUD are the top losers, down -0.39% and -0.23% versus the dollar, respectively. In the rates market, global yields were trading mixed today. The US 10-year was trading at 0.749, up 1.0bp. The UK 10-year was trading at 0.183, up 0.1bp. The Japan 10-year was trading at 0.019, down -0.6bp. The German 10-year was trading at -0.627, down -1.9bp. | | | In the Asian equities, markets were trading mixed today. The Hang Seng was trading at 24386.79, up 0.94%. The Kospi was trading at 2341.53, down -0.83%. The Nikkei 225 was trading at 23410.63, down -0.41%. In the European equities, indices were trading firm today. The DAX 30 was trading at 12908.99, up 1.62%. The FTSE 100 was trading at 5919.58, up 1.49%. The Euro Stoxx 50 was trading at 3245.47, up 1.65%. | | | Looking at Equity Futures so far, the FTSE100 Futures was trading at 5871.5, up 1.22%. The Euro Stoxx 50 Futures was trading at 3237.0, up 1.76%. The SP500 Futures was trading at 3464.62, down -0.31%. | | | In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 40.77, down -0.46%. The Brent Crude Futures was trading at 42.81, down -0.81%. | | | In terms of economic data releases, we have already had Japanese Exports YoY for September (Actual -4.9% v Consensus -2.4%) plus the RBA Minutes were published at 00:30 GMT. We have also seen Chinese GDP Growth Rate YoY for Q3 (Actual 4.9% v Forecast 5.1%) and QoQ Q3 (Actual 2.7% v Forecast 3.3%) plus Chinese September data for Industrial Production YoY (Actual 6.9% v Forecast 5.7%), Retail Sales YoY (Actual 3.3% v Forecast 1.7%) and Unemployment Rate (Actual 5.4% v Forecast 5.5%). At 08:00 GMT, Balance of Trade from Spain for August is released (Previous €-0.31B v Forecast €-2B) followed at 09:00 GMT by Construction Output YoY for August (Previous -3.8% v Forecast -4.4%). ECB's Mersch is speaking at 11:30 GMT to conclude the morning session. | | | At 12:00 GMT ECB President Lagarde is speaking followed by ECB's Lane at 12:40 GMT and Fed's Williams at 13:00 GMT. The NAHB Housing Market Index for October is released at 14:00 GMT (Previous 83 v Forecast 83). Speakers throughout the afternoon & evening session include BOE's Cunliffe (14:05 GMT & 15:00 GMT), Fed's Clarida (15:45 GMT), Bundesbank's Weidmann (16:00 GMT), Fed's Bostic (18:20 GMT), Fed's Harker (19:00 GMT) and RBA's Kent (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 1.1747 for 1.1678
Short-term view: EURUSD MACD and RSI are flat but resistance comes in at 1.1747 and we see a dip to 1.1678 enter at 1.1724. Above 1.1747 to open 1.1787 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 1.2942 for 1.2853
Short-term view: GBPUSD MACD and RSI are flat but resistance comes in at 1.2942 and we see a dip to 1.2853 enter at 1.2919. Above 1.2942 to open 1.2993 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Support at 105.17 for 105.6
Short-term view: USDJPY support comes in at 105.17 MACD and RSI have a bullish bias. Hence, we see a bounce to 105.6 enter at 105.31. Below 105.17 to open 104.9 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 0.7107 for 0.7042
Short-term view: AUDUSD MACD and RSI are flat but resistance comes in at 0.7107 and we see a dip to 0.7042 enter at 0.7086. Above 0.7107 to open 0.7158 | | | | | | TraderMade
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