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  • Technical Overview of AUD/USD and EUR/JPY Currency Pair

    AUD USD

    AUD traded higher against USD and closed at 0.7008.

    Higher After Post-Aus Jobs Short-Covering
    AUD/NZD rallied from a 4-month low at 1.0404 to 1.0435.
    AUD/USD rally was short-covering as it doesn't change RBA expectations.
    Resistance at 0.7045 while 10-day MA at 0.6991 is support.

    According to the Analysis, pair is expected to find support at 0.69948 and a fall through could take it to the next support level of 0.69811. The pair is expected to find its first resistance at 0.70233, and a rise through could take it to the next resistance level of 0.70381.

    EUR JPY

    EUR traded lower against JPY and closed at 121.15.

    JPY breaking its lows on daily candle as well as weekly candle.
    The losers against the JPY are USD and EUR for now.
    Pretty decent Harmonic patterns found on H4 charts that are in confluence with the Fundamental expects.

    According to the Analysis, pair is expected to find support at 121.038 and a fall through could take it to the next support level of 120.926. The pair is expected to find its first resistance at 121.371, and a rise through could take it to the next resistance level of 121.592.

    For Detailed analysis visit XtreamForex YouTube Channel.

    Comment


    • Technical Overview of EUR/AUD, AUD/JPY and GBP/AUD Currency Pair

      EUR AUD

      EUR traded higher against AUD and closed at 1.5936.
      • Below 200 and 50 EMA.
      • Making a series of Lower Highs and Lower Lows.
      • A Bearish/Resistance Trend line Formed.
      • Better option is to trade the strength of AUD and Remain short.
      • Alternatively
      • Go long if the pair breaches the Resistance Trend Line.
      According to the Analysis, pair is expected to find support at 1.58949 and a fall through could take it to the next support level of 1.58541. The pair is expected to find its first resistance at 1.60044, and a rise through could take it to the next resistance level of 1.60731.

      AUD JPY

      AUD traded higher against JPY and closed at 75.898.
      • The pair is in a Weekly MBIB formation.
      • The pair slashed the Daily and Weekly Highs.
      • Making a triangle formation as well on the H4.
      • It’s above 50 and 200 EMA Breakout Levels Marked.
      • Target the breakout of 127 Extension on either side.
      According to the Analysis, pair is expected to find support at 75.563 and a fall through could take it to the next support level of 75.227. The pair is expected to find its first resistance at 76.109, and a rise through could take it to the next resistance level of 76.319.

      GBP AUD

      GBP traded higher against AUD and closed at 1.773.
      • Perfect Example of Currency Strength Analysis.
      • Strength of AUD leads the pair to South.
      • The recent bearish News on the Pound supports the movement.
      • It has already breached through Weekly Lows and is below 200 and 50 EMA.
      • For now it's in a Daily Chart Mother bar inside Bar.
      • A break below will be trend continuation.
      According to the Analysis, pair is expected to find support at 1.76797 and a fall through could take it to the next support level of 1.76296. The pair is expected to find its first resistance at 1.77716, and a rise through could take it to the next resistance level of 1.78134.

      For Detailed analysis visit XtreamForex YouTube Channel.

      Comment


      • Technical Overview of EUR/USD, AUD/NZD and EUR/JPY Currency Pair

        EUR USD

        EUR traded higher against USD and closed at 1.1220.

        Below 200 and 50 EMA with the trend towards the down side.
        Making a series of Lower Highs and Lower Lows.
        Stalling in the Weekly Inside bar Pattern.
        Break on either side may lead the trend.
        The most important factor is the Fed rate cut.

        According to the Analysis, pair is expected to find support at 1.1214 and a fall through could take it to the next support level of 1.1207. The pair is expected to find its first resistance at 1.1226, and a rise through could take it to the next resistance level of 1.1231.

        AUD NZD

        AUD traded lower against NZD and closed at 1.0401.

        Below 200 and 50 EMA with the trend towards the down side.
        Making a series of Lower Highs and Lower Lows.
        Broke the Weekly inside Bar Pattern to the down side.
        Broke the low of Monthly candle,
        Any Selling opportunity may be good option.

        According to the Analysis, pair is expected to find support at 1.0383 and a fall through could take it to the next support level of 1.0376. The pair is expected to find its first resistance at 1.0396, and a rise through could take it to the next resistance level of 1.0402.

        EUR JPY

        EUR traded lower against JPY and closed at 120.77.

        Bears in control as they broke the Weekly In sidebar and are to target the bearish ABCD Pattern, heading towards minimum 127 extension.

        ECB steers the market towards more easing later in the year.
        Quantitative Easing and Further rate cut by 10 Basis Points will weaken the EURO.
        This rate cut may occur in September.
        Until then EURO may remain sideways.

        According to the Analysis, pair is expected to find support at 120.94 and a fall through could take it to the next support level of 120.86. The pair is expected to find its first resistance at 121.10, and a rise through could take it to the next resistance level of 121.20.

        For Detailed analysis visit XtreamForex YouTube Channel.

        Comment


        • Technical Overview of EUR/USD and GBP/CHF Currency Pair

          EUR USD

          EUR traded lower against USD and closed at 1.1208.

          EUR/USD - Bears get clear signals ahead of ECB Meet.
          We have break below close below of Daily Ib and Weekly Ib.
          Bollinger bands facing towards south.
          EUR/USD near-term downside limited to channel base 1.1158
          Quiet Trading Expected Ahead Of Key Event Risks
          ECB meeting Thursday and FOMC next week likely be catalysts for breakout.

          According to the Analysis, pair is expected to find support at 1.12013 and a fall through could take it to the next support level of 1.11941. The pair is expected to find its first resistance at 1.12204, and a rise through could take it to the next resistance level of 1.12323.

          GBP CHF

          GBP traded higher against CHF and closed at 1.225.

          The GBP/CHF continued to trade downwards, targeting the lower area located @1.2000.
          Given that the currency pair is pressured by the 55-, 100– and 200-hour moving averages and has breached low of Monthly candle currently located in the 1.2285/1.2325 range, it is expected, that the British Pound could continue to depreciate against the Swiss Franc.

          According to the Analysis, pair is expected to find support at 1.22173 and a fall through could take it to the next support level of 1.21845. The pair is expected to find its first resistance at 1.22931, and a rise through could take it to the next resistance level of 1.23361.

          Fundamentals of the Day

          1) Dollar rises as fears of a 50 point interest-rate cut fade
          The U.S. dollar rose in afternoon trade on Friday as fears of a larger-than-expected 50-basis-point interest rate cut in July abated after the New York Federal Reserve walked back dovish comments from its president the prior day.

          2) ECB Bank Lending Survey
          The bank lending survey (BLS) for the euro area was launched in 2003. Its main objective is to enhance the Eurosystem’s knowledge of financing conditions in the euro area. The BLS provides input to the ECB Governing Council’s assessment of monetary and economic developments, on which it bases its monetary policy decisions.


          3) FPC Meeting Minutes
          Bank of England Financial Policy Committee Minutes is a detailed record of the FPC's most recent meeting. The report, which is released quarterly, provides in-depth insights into the financial conditions and decisions towards financial stability.

          4) Tory Leadership Contest Result Announcement
          The UK Conservative Party is set to announce the results of the vote for its new leadership. UK tories have been voting for weeks and the race has been trimmed to two candidates: Boris Johnson and Jeremy Hunt. The winner of the contest will become the new British Prime Minister, succeeding Theresa May at the Number 10 Downing Street office.

          For Detailed analysis visit XtreamForex YouTube Channel.

          Comment


          • Technical Overview of EUR/USD and GBP/USD Currency Pair

            EUR USD

            EUR traded lower against USD and closed at 1.1121.

            Staying Tactically Bearish For 1.1050; A 50bp Fed Cut Would Be A Game Changer.

            According to the Analysis, pair is expected to find support at 1.12150 and a fall through could take it to the next support level of 1.11543. The pair is expected to find its first resistance at 1.14118, and a rise through could take it to the next resistance level of 1.14725.

            GBP USD

            GBP traded higher against USD and closed at 1.2343.

            To New 2019 Low As EU Affirms No Reopening Of Brexit Deal.

            According to the Analysis, pair is expected to find support at 1.25558 and a fall through could take it to the next support level of 1.24902. The pair is expected to find its first resistance at 1.27682, and a rise through could take it to the next resistance level of 1.28338.

            COT Report for Different Currencies this week

            COT Report for Swisse

            cbs7t-lnuwf.jpg


            Swissie Net Commercials volume is above the 0 mark and in a positive side showing Net Long positions in strength.
            Its a wise decision to remain Long on swissie.

            COT Report for Canadian Dollar

            cbp6g-6l57x.jpg


            Here In Canadian Dollar Net Commercials we see that from the 11th June- 18th June.
            The Canadian Dollar has weighted towards a Net Commercial Short Position.
            Means that Shorting Canadian Will be a wise decision ,Alternatively Going Long on the retracments can also be entertained.

            COT Report for US Dollar

            cb2pt-fmzk0.jpg


            US Dollar Net Commercial Positions Weighs towards the Net Short side.
            It can be clerly seen that from the Year start , the commercials have been interested in shorting the US Dollar.

            COT Report for GBP

            cbykl-kjeam.jpg


            After facing turbulance from 19 March to almost a month, GBP Net commercials weigh towards the Long Net Positions.
            GBP may show some reaction to the COT Report this week.

            For Detailed analysis visit XtreamForex YouTube Channel.
            Attached Files
            Last edited by xtreamforex26; 07-29-2019, 07:45 AM.

            Comment


            • Technical Overview of EUR/USD, AUD/USD and NZD/USD Currency Pair

              EUR USD

              EUR traded higher against USD and closed at 1.1107.

              The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) today shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD.

              According to the Analysis, pair is expected to find support at 1.1121 and a fall through could take it to the next support level of 1.1117. The pair is expected to find its first resistance at 1.1130 and a rise through could take it to the next resistance level of 1.1135.

              AUD USD

              AUD traded lower against USD and closed at 0.6799.

              AUD/USD down 0.5% in sympathy with a weakening Yuan as China fights back.
              USD/CNY blasts through pivotal 7.00 as US-China trade tensions escalate.
              Leads to risk aversion in Asia as risk/EM assets sold across board.
              Havens JPY, XAU +0.5%, US-10 year yield hits 1.7890, lowest since Nov 9, 2016.
              Risk barometer AUD/JPY -1% to a new 2019 low; RBA to sound more dovish Tues?

              According to the Analysis, pair is expected to find support at 0.6776 and a fall through could take it to the next support level of 0.6768. The pair is expected to find its first resistance at 0.6789, and a rise through could take it to the next resistance level of 0.6794.

              NZD USD

              NZD traded lower against USD and closed at 0.6540

              A number of downward slopping trend lines indicate weakness of NZD/USD.
              10-week old support-line grabs bears’ attention.
              In addition to a two-day long descending trend-line, the NZD/USD pair’s sustained trading below a resistance-line stretched since late-July also portrays its weakness as the quote seesaws near 0.6510 during early Monday.

              The Employment Change released by the Statistics New Zealand is a measure of the change in the number of employed people in New Zealand. Generally speaking, today a rise in this indicator has positive implications for consumer spending which stimulates economic growth. A high reading is seen as positive (or bullish) for the NZ dollar, while a low reading is seen as negative (or bearish).

              According to the Analysis, pair is expected to find support at 0.6521 and a fall through could take it to the next support level of 0.6513. The pair is expected to find its first resistance at 0.6533, and a rise through could take it to the next resistance level of 0.6537.
              Start Forex Trading with Top Rated Online Forex Brokers XtreamForex. Get in touch with us to know more about Best Forex Broker or Foreign Currency Trading.

              Comment


              • Technical Overview of AUD/USD, GBP/USD and USD/JPY Currency Pair

                AUD USD

                AUD traded lower against USD and closed at 0.6756.
                • AUD/USD remains upbeat as the RBA renounce from the policy change.
                • The central bank stepped back from suggesting further rate cuts.
                • Trade/political news will be followed for fresh impulse.
                According to the report of The Reserve Bank of Australia (RBA), there will be no change in the monetary policy, offers a 1.0% interest rate. The central bank avoid from supporting further rate cuts while leaving the door open based on future growth conditions. Earlier during the day, upbeat trade balance data for June also pleased Aussie buyers.
                According to the Analysis, pair is expected to find support at 0.678 and a fall through could take it to the next support level of 0.677. The pair is expected to find its first resistance at 0.6797 and a rise through could take it to the next resistance level of 0.6803.

                GBP USD

                GBP traded higher against USD and closed at 1.2143.
                • GBP/USD stays on defensive 100 hour exponential moving average.
                • 4-day old support-line seems immediate rest ahead of 1.2080.
                According to the Analysis, pair is expected to find support at 1.2101 and a fall through could take it to the next support level of 1.2057. The pair is expected to find its first resistance at 1.2189, and a rise through could take it to the next resistance level of 1.2233.

                USD JPY

                USD traded higher against JPY and closed at 105.9500.

                The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.
                • Previous reading for Gross Domestic Product was 0.6%.
                • Expected GDP is 0.1%.
                According to the Analysis, pair is expected to find support at 106.43 and a fall through could take it to the next support level of 106.17. The pair is expected to find its first resistance at 107.02, and a rise through could take it to the next resistance level of 107.36.

                Comment


                • Technical Overview of NZD/USD, EUR/USD and USD/CNY Currency Pair

                  NZD USD

                  NZD traded lower against USD and closed at 0.6446.
                  • Lower than expected USD/CNY fix and comments from RBNZ calming markets.
                  • RBNZ asst Governor Hawkes by is confident inflation will rise after 50 BP cut.
                  • Hawkes by said unconventional tools an option only if inflation tanks.
                  • NZD/USD resistance at former support at 0.6480/90 where sellers are tipped.
                  The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative. According To consensus GDP rate is expected to be lower than previous rate.

                  According to the Analysis, pair is expected to find support at 0.6455 and a fall through could take it to the next support level of 0.6452. The pair is expected to find its first resistance at 0.6461 and a rise through could take it to the next resistance level of 0.6463.

                  EUR USD

                  EUR traded higher against USD and closed at 1.1199.

                  Danske Research discusses EUR/USD outlook and expects a dip back towards 1.10 in EUR/USD on 1-3M on yet another Fed disappointment in September.

                  According to the Analysis, pair is expected to find support at 1.1211 and a fall through could take it to the next support level of 1.1209. The pair is expected to find its first resistance at 1.1214, and a rise through could take it to the next resistance level of 1.1216.

                  USD CNY

                  USD traded lower against CNY and closed at 7.0602.

                  USD/CNY fix at 7.0039, which was below market estimates.

                  The Consumer Price Index is released by the National Bureau of Statistics of China. It is a measure of retail price variations within a representative basket of goods and services. The result is a comprehensive summary of the results extracted from the urban consumer price index and rural consumer price index. The purchase power of the CNY is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A substantial consumer price index increase would indicate that inflation has become a destabilizing factor in the economy, potentially prompting The People’s Bank of China to tighten monetary policy and fiscal policy risk. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY.

                  According to the Analysis, pair is expected to find support at 7.0359 and a fall through could take it to the next support level of 7.0116. The pair is expected to find its first resistance at 7.0749, and a rise through could take it to the next resistance level of 7.0896.

                  Comment


                  • Technical Overview of AUD/USD, GBP/USD and USD/CAD Currency Pair

                    AUD USD

                    AUD traded lower against USD and closed at 0.6802.
                    • RBA quarterly SOMP just released is in line with dovish market assumptions
                    • RBA said economic forecasts based on market pricing nRUA8JEF6D
                    • RBA notes the downside risks posed by US-China trade war escalation
                    • AUD/USD off early high (0.6822), but still holding above 0.6800
                    The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negative (or bearish).
                    According to the Analysis, pair is expected to find support at 0.6713 and a fall through could take it to the next support level of 0.6666. The pair is expected to find its first resistance at 0.6789 and a rise through could take it to the next resistance level of 0.6818.

                    GBP USD

                    GBP traded higher against USD and closed at 1.2133.

                    The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

                    According to the Analysis, pair is expected to find support at 1.2113 and a fall through could take it to the next support level of 1.2082. The pair is expected to find its first resistance at 1.2182, and a rise through could take it to the next resistance level of 1.2221.

                    USD CAD

                    USD traded lower against CAD and closed at 1.3227.

                    The employment Change released by the Statistics Canada is a measure of the change in the number of employed people in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the CAD, while a low reading is seen as negative or bearish.

                    The Unemployment Rate released by the Statistics Canada is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Canadian Economy. If the rate is up, it indicates a lack of expansion within the Canadian labor market. As a result, a rise leads to weaken the Canadian economy. Normally, a decrease of the figure is seen as positive (or bullish) for the CAD, while an increase is seen as negative or bearish.

                    According to the Analysis, pair is expected to find support at 1.3279 and a fall through could take it to the next support level of 1.3251. The pair is expected to find its first resistance at 1.334, and a rise through could take it to the next resistance level of 1.3373.

                    Comment


                    • Technical Overview of USD/JPY, NZD/USD and USD/CHF Currency Pair

                      USD JPY

                      USD traded lower against JPY and closed at 105.6900.
                      • USD/JPY: Bears staying in control in the Asian session.
                      • USD/JPY4-hour chart: The pair is also at risk of extending its decline,
                      USD/JPY has lost some ground as the yen takes up another bid while geopolitics keep the yen bulls in business ahead of a key week on the US calendar.
                      According to the Analysis, pair is expected to find support at 105.3 and a fall through could take it to the next support level of 104.92. The pair is expected to find its first resistance at 106.04 and a rise through could take it to the next resistance level of 106.39.

                      NZD USD

                      NZD traded lower against USD and closed at 0.6468.
                      • NZD/USD jumps 20 pips on comments by New Zealand's Treasury that QE is less appealing.
                      • Treasury feels RBNZ could cut rates to the negative territory if required.

                      NZD/USD is recovering lost ground on comments by New Zealand's Treasury that asset purchases or quantitative easing (QE) are a less appealing tool of monetary easing.

                      According to the Analysis, pair is expected to find support at 0.6402 and a fall through could take it to the next support level of 0.6359. The pair is expected to find its first resistance at 0.6478, and a rise through could take it to the next resistance level of 0.6512.

                      USD CHF

                      USD traded lower against CHF and closed at 0.9727.
                      • USD/CHF's 4-hour and daily charts are showing signs of seller exhaustion.
                      • The pair could rise to the 10-day moving average resistance during the day ahead.
                      USD/CHF could see a corrective bounce to the 10-day moving average (MA) of 1.0938 during the day ahead as technical charts are flashing early signs of a bearish-to-bullish trend change.

                      According to the Analysis, pair is expected to find support at 0.9703 and a fall through could take it to the next support level of 0.9680. The pair is expected to find its first resistance at 0.9755, and a rise through could take it to the next resistance level of 0.9784.

                      Comment


                      • Technical Overview of EUR/USD, GBP/USD and AUD/USD Currency Pair

                        EUR USD

                        EUR traded higher against USD and closed at 1.1169.
                        • EUR/USD aims to revisit 4H 100MA after taking another U-turn from near-term resistance-line.
                        • While 1.1283/87 can please buyers during upside break, 23.6% Fibonacci retracement can lure during post-1.1158 declines.
                        The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

                        The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

                        The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

                        According to the Analysis, pair is expected to find support at 1.1170 and a fall through could take it to the next support level of 1.1156. The pair is expected to find its first resistance at 1.1214 and a rise through could take it to the next resistance level of 1.1228.

                        GBP USD

                        GBP traded lower against USD and closed at 1.2058.
                        • GBP/USD remains on a back foot amid recent UK political news.
                        • Rebel MPs readying for early-September action.
                        • UK CPI, trade/political news in the spotlight.

                        The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

                        According to the Analysis, pair is expected to find support at 1.2046 and a fall through could take it to the next support level of 1.2033. The pair is expected to find its first resistance at 1.2090, and a rise through could take it to the next resistance level of 1.2103.

                        AUD USD

                        AUD traded lower against USD and closed at 0.6800.
                        • AUD/USD drops to the intra-day low after China’s July month Retail Sales and Industrial Production lagged behind market consensus and prior.
                        • Cautious trading and a lack of fresh clues confined the pair’s moves during the early morning.
                        • The US-China trade news, speech from RBA’s Debelle will provide fresh impulse.
                        The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).

                        The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).

                        According to the Analysis, pair is expected to find support at 0.6760 and a fall through could take it to the next support level of 0.6743. The pair is expected to find its first resistance at 0.6814, and a rise through could take it to the next resistance level of 0.6831.

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                        Comment


                        • Technical Overview of AUD/USD, USD/JPY and USD/CHF Currency Pair

                          AUD USD

                          AUD traded higher against USD and closed at 0.6747.
                          • AUD/USD maintaining bid tone as markets send mixed signals regarding risk.
                          • US yields hitting historic lows in Asia with 30-year yield below 2.0%.
                          • Bond market is pricing in strong chance of recession nL4N25B0GG.
                          • Despite moves in US Treasuries. S&P futures up over 0.40%.
                          • AUD/USD steady around 0.6775 - up 0.41% after better than expected Aus jobsnAZN0QH300.
                          • Unless bond market wrong, AUD/USD should struggle on global growth concerns.
                          • AUD/USD resistance at 0.6820/35 where daily highs converge with 38.2 fibo.

                          According to the Analysis, pair is expected to find support at 0.6738 and a fall through could take it to the next support level of 0.6721. The pair is expected to find its first resistance at 0.6794 and a rise through could take it to the next resistance level of 0.6811.

                          USD JPY

                          USD traded lower against JPY and closed at 105.89.

                          Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.
                          The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

                          According to the Analysis, pair is expected to find support at 105.70 and a fall through could take it to the next support level of 105.48. The pair is expected to find its first resistance at 106.44, and a rise through could take it to the next resistance level of 106.66.

                          USD CHF

                          USD traded higher against CHF and closed at 0.9732.

                          According to the Analysis, pair is expected to find support at 0.9712 and a fall through could take it to the next support level of 0.9697. The pair is expected to find its first resistance at 0.9762, and a rise through could take it to the next resistance level of 0.9777.

                          According to Citi Research report "With risk sentiment continuing to deteriorate by the week, investors may look to extend risk aversion trades into 2020 as:

                          (1) Worsening US – China trade tensions risk a disinflationary impulse from CNY heading towards 7.25 - 50;
                          (2) Possible risk of USD intervention by the US;
                          (3) Rising odds of a “No Deal” Brexit;
                          (4) Re-emergence of Italy political risk;
                          (5) Slowing global growth leading to central bank policy responses and a “race to the bottom” in rates sparking a currency war;
                          (6) Potential damage to US – Japan/ Europe trade relations should Trump impose tariffs on auto imports;
                          (7) 2020 - US presidential election year leaves scope for a more aggressive Trump;
                          (8) Tensions in HK, Iran, North Korea, now Argentina and India – Pakistan,"

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