| | | | | FX Strategy 30 Oct 2020 | | | In the G10 FX Market, JPY and CHF are the top gainers today, up 0.26% and 0.14% versus the dollar while NOK and NZD are the top losers, down -0.27% and -0.05% versus the dollar, respectively. In the rates market, global yields were trading mixed today. The UK 10-year was trading at 0.24, up 2.5bp. The German 10-year was trading at -0.621, up 1.1bp. The Japan 10-year was trading at 0.038, up 0.8bp. The US 10-year was trading at 0.82, down -1.1bp. | | | In the Asian equities, markets were trading weaker today. The Kospi was trading at 2267.15, down -2.56%. The Nikkei 225 was trading at 22977.13, down -1.52%. The Hang Seng was trading at 24006.0, down -2.36%. In the European equities, indices were trading weak today. The Euro Stoxx 50 was trading at 2928.75, down -1.06%. The FTSE 100 was trading at 5532.44, down -0.88%. The DAX 30 was trading at 11452.55, down -1.25%. | | | Looking at Equity Futures so far, the Euro Stoxx 50 Futures was trading at 2924.0, down -0.88%. The SP500 Futures was trading at 3250.0, down -0.81%. The FTSE100 Futures was trading at 5510.5, down -1.04%. | | | In the Energy space, Oil futures were trading weak today. The Brent Crude Futures was trading at 38.12, down -0.1%. The WTI Crude Futures was trading at 36.09, down -0.22%. | | | In terms of economic data releases, we have already seen Australian PPI QoQ Q3 (Actual 0.4% v Forecast 0.7%) and YoY Q3 (Actual -0.4% v Forecast -0.1%) plus Housing Starts YoY data from Japan for September (Actual -9.9% v Forecast -8.3%). We have also had French GDP Growth Rate QoQ Prel Q3 (Actual 18.2% v Forecast 15.1%) and German Retail Sales for September, with YoY (Actual 6.5% v Forecast 6%) and MoM (Actual -2.2% v Forecast -0.5%) plus UK Nationwide Housing Prices for October YoY (Actual 5.8% v Forecast 4.7%) and MoM (Actual 0.8% v Forecast 0.5%). More recently, Spanish GDP Growth Rate QoQ Flash Q3 (Actual 16.7% v Forecast 14.2%) and YoY Flash Q3 (Actual -8.7% v Forecast -12.3%) were released. At 09:00 GMT German GDP Growth Rate QoQ Flash Q3 (Previous -9.7% v Forecast 7.2%) and YoY Flash Q3 (Previous -11.3% v Forecast -5.8%) alongside Italian GDP Growth Rate QoQ Adv Q3 (Previous -13.0% v Forecast 10.5%) and YoY Adv Q3 (Previous -18.0% v Forecast -10.3%) will be released onto the wires. More GDP figures are released at 10:00 GMT with Euro Area GDP Growth Rate QoQ Flash Q3 (Previous -11.8% v Forecast 7.5%) and YoY Flash Q3 (Previous -14.7% v Forecast -8.0%) and Euro Area Unemployment Rate for September (Previous 8.1% v Forecast 8.6%). | | | The afternoon session starts at 12:30 GMT with US Personal Income MoM for September (Previous -2.7% v Forecast 0.4%) and Personal Spending for September (Previous 1% v Forecast 0.8%) plus Canadian GDP MoM for August (Previous 3% v Forecast 1%). At 13:45 GMT we look forward to US Chicago PMI for October (Previous 62.4% v Forecast 56%) and following at 14:00 GMT we have US Michigan data for October with Consumer Expectations Final (Previous 75.6 v Forecast 78.8), Consumer Sentiment Final (Previous 80.4% v Forecast 81.2) and Current Conditions Final (Previous 87.8 v Forecast 84.9). Bundesbank's Weidmann is speaking at 14:30 GMT and concludes Friday's data releases. | | | 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: Support at 1.1629 for 1.1738
Short-term view: EURUSD MACD and RSI are flat but support comes in at 1.1629 and we see a rise to 1.1738 enter at 1.1665. Below 1.1629 to open 1.1585 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 1.301 for 1.2866
Short-term view: GBPUSD resistance comes in at 1.301 MACD and RSI have a bearish bias. Hence, we see a dip to 1.2866 enter at 1.2962. Above 1.301 to open 1.309 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Support at 104.18 for 104.88
Short-term view: USDJPY MACD and RSI are flat but support comes in at 104.18 and we see a rise to 104.88 enter at 104.35. Below 104.18 to open 103.75 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Support at 0.6995 for 0.7069
Short-term view: AUDUSD MACD and RSI are flat but support comes in at 0.6995 and we see a rise to 0.7069 enter at 0.7019. Below 0.6995 to open 0.6962 | | | | | | 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