| | | | | FX Strategy 27 Nov 2020 | | | In the G10 FX Market, NOK and NZD are the top gainers today, up 0.44% and 0.29% versus the dollar while CHF and USD are the top losers. In the rates market, global yields were trading mixed today. The UK 10-year was trading at 0.289, up 1.0bp. The Japan 10-year was trading at 0.026, up 1.0bp. The German 10-year was trading at -0.588, up 0.2bp. The US 10-year was trading at 0.859, flat 0.0bp. | | | In the Asian equities, markets were trading firm today. The Hang Seng was trading at 26950.7, up 0.49%. The Nikkei 225 was trading at 26644.71, up 0.4%. The Kospi was trading at 2633.45, up 0.29%. In the European equities, indices were trading mixed today. The DAX 30 was trading at 13302.1, up 0.12%. The Euro Stoxx 50 was trading at 3514.95, up 0.11%. The FTSE 100 was trading at 6332.75, down -0.47%. | | | Looking at Equity Futures so far, the SP500 Futures was trading at 3628.88, up 0.22%. The Euro Stoxx 50 Futures was trading at 3510.0, down -0.09%. The FTSE100 Futures was trading at 6323.0, down -0.46%. | | | In the Energy space, Oil futures were trading weaker today. The WTI Crude Futures was trading at 44.61, down -0.82%. The Brent Crude Futures was trading at 47.4, down -0.84%. | | | In terms of economic data releases, overnight we had the release of Chinese Industrial Profits (YTD) YoY (Actual 0.7% v Forecast -0.6%) for October. More recently this morning, we have seen German Import Prices YoY (Actual -3.9% v Consensus -4.1%) for October, plus the CBRT Financial Stability Report plus the French Inflation RateYoY Prel for November (Actual 0.2% v Forecast 0.1%) and French GDP Growth Rate QoQ Final Q3 (Actual 18.7% v Forecast 18.2%). We have also seen Spanish Retail Sales data for October with YoY (Actual -2.7% v Forecast -4.4%) and MoM (Actual 0.2% v Forecast -1.6%). Looking forward to the morning session, Bundesbank's Weidmann is speaking at 08:10 GMT, followed at 09:00 GMT with Italian Consumer Confidence for November (Previous 102.0 v Forecast 100.5) and Business Confidence for November (Previous 95.6 v Forecast 93.6). ECB's Panetta is due to speak at 09:30 GMT, followed at 10:00 GMT with Euro Area data for November; this includes Consumer Confidence Final (Previous -15.5 v Forecast -17.6), Economic Sentiment (Previous 90.9 v Forecast 86.5), Industrial Sentiment (Previous -9.6 v Forecast -10.8) and Services Sentiment (Previous -11.8 v Forecast -14.2). ECB's Schnabel is also due to speak at 10:00 GMT. At 11:30 GMT we expect Spanish Business Confidence for November (Previous -9.2 v Forecast -10). | | | Looking forward to the afternoon trading session, at 12:00 GMT Brazilian Unemployment Rate for September (Previous 14.4% v Forecast 14.7%) will be released, alongside the Indian GDP Growth Rate YoY Q3 (Previous -23.9% v Forecast -10%) and Mexican Balance of Trade (Previous $4.385B v Forecast $4B) for October all at the same time. Russian Business Confidence for October will be released later in the session at 16:00 GMT (Previous -5 v Forecast -8) and concludes the economic data releases and speakers for this week. | | | 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 1.1913 for 1.1969
Short-term view: EURUSD MACD and RSI are flat but support comes in at 1.1913 and we see a rise to 1.1969 enter at 1.1931. Below 1.1913 to open 1.1886 | | | GBPUSD Chart (Two-week) | | | | | | | Strategy: Support at 1.3321 for 1.3435
Short-term view: GBPUSD MACD and RSI are flat but support comes in at 1.3321 and we see a rise to 1.3435 enter at 1.3359. Below 1.3321 to open 1.3283 | | | USDJPY Chart (Two-week) | | | | | | | Strategy: Resistance at 104.32 for 103.73
Short-term view: USDJPY resistance comes in at 104.32 MACD and RSI have a bearish bias. Hence, we see a dip to 103.73 enter at 104.13. Above 104.32 to open 104.42 | | | AUDUSD Chart (Two-week) | | | | | | | Strategy: Resistance at 0.7396 for 0.7364
Short-term view: AUDUSD MACD and RSI are flat but resistance comes in at 0.7396 and we see a dip to 0.7364 enter at 0.7385. Above 0.7396 to open 0.7407 | | | | | | 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