DAILY ANALYSIS REPORT JUNE 01 2021

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01 June, 2021
Daily Analysis Report

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Asian Bulle n: Aussie weakens immediately a er RBA’s Policy Rate Decision, most Asian stock markets in green, gold up
Key Headlines:
• RBA keeps key interest rate unchanged at 0.10 pct.
• RBA keeps 3 year yield target unchanged at 0.10%, as expected.
• RBA - The global economy is con nuing to recover from the pandemic and the outlook is for strong growth this year and next.
• RBA - The economic recovery in Australia is stronger than earlier expected and is forecast to con nue.
• RBA - The Bank's Central scenario is for GDP to grow by 4¾ per cent over this year and 3½ per cent over 2022.
• RBA - Infla on in underlying terms is expected to be 1½ per cent in 2021 and 2 per cent in mid 2023.
• RBA - At the July mee ng the Board will also consider future bond purchases following the comple on of the second $100 billion of purchases under the
government bond purchase program in September.
• RBA - It will not increase the cash rate un l 2024 actual infla on is sustainably within the 2 to 3 per cent target range.
• Australia AIG manufacturing Index stands at 61.8 vs 61.7 previous release.
• Australia building approvals stand at -8.6 vs 18.9 previous release.
• Australia Current Account stands at 18.3B vs 16.0B previous release.
• China Caixin manufacturing PMI stands at 52.0 vs 51.9 previous release.
• New Zealand building consents stands at 4.8 pct vs 19.2 previous release.
• Japan Capital spending stands at -7.8 pct vs -4.8 pct previous release.
• Japan Final Manufacturing PMI stands at 53.0 vs 52.5 previous release.
Economic Data Ahead:
• (0630 GMT/1200 IST) Swiss Retail Sales, previous 22.6, expected 15.4.
• (0700 GMT/1230 IST) Swiss GDP, previous 0.3, expected -0.4.
• (0715 GMT/1245 IST) Spain Manufacturing PMI, previous 57.7, expected 59.3.
• (0730 GMT/1300 IST) Swiss Manufacturing PMI, previous 69.5, expected 70.0.
• (0745 GMT/1315 IST) Italy Manufacturing PMI, previous 60.7, expected 62.0.
• (0750 GMT/1320 IST) France Manufacturing PMI, previous 59.2, expected 59.2.
• (0755 GMT/1325 IST) German Manufacturing PMI, previous 64.0, expected 64.0.
• (0755 GMT/1325 IST) German Unemployment change, previous 9K, expected -9K.
• (0800 GMT/1330 IST) Euro Manufacturing PMI, previous 62.8, expected 62.8.
• (0830 GMT/1400 IST) U.K. Manufacturing PMI, previous 66.1, expected 66.1.
• (0900 GMT/1430 IST) Euro CPI Flash es mates, previous 1.6, expected 1.9.
• (0900 GMT/1430 IST) Euro Core CPI Flash es mates, previous 0.7, expected 0.9.
• (1230 GMT/1800 IST) Canada GDP, previous 0.4, expected 1.0.
• (1330 GMT/1900 IST) Canada Manufacturing PMI, previous 57.2.
• (1400 GMT/1930 IST) U.S. ISM Manufacturing PMI, previous 60.7, expected 60.8.
Economic Events Ahead:
• All Day – OPEC – JMMC Mee ngs.
• (1500 GMT/2030 IST) U.K. BOE Gov Bailey speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.26% to 89.80 points.

3. AUD / USD
BUY SELL
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JUNE,
2
021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7772
R2 S2
0.7790
R3 S3
0.7826
R4
Commentary
S4
0.7854
Buy Above 0.7770
0.7792
0.7732
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7720
0.7695
0.7758
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie weakens immediately after RBA’s Cash Rate Decision. The pair made
intraday high at $0.7768 and low at $0.7728 mark. A day chart and H1 chart with triple EMA
confirms bullish trend for the time being. A sustained close above $0.7770 on H1 chart requires
for the upside rally. Alternatively, a consistent close below $0.7740 will check further supports.
0.7728
0.7702
0.7677
0.7638

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2258
R2 S2
1.2290
R3 S3
1.2323
R4
Commentary
S4
1.2357
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-
Time Frame: H1
EUR/USD: The euro rises gradually against U.S dollar and remains well supported above $1.22
mark. Today pair made intraday high at $1.2236 and low at $1.2223. Today triple EMA on a day
chart and H1 chart suggest up trend for the time being. A consistent close above $1.2258 on H1
chart requires for the upside rally. Alternatively, a sustained close below $1.2205 on H1 chart will
check further supports.
EUR / USD
1.2205
1.2176
1.2132
1.2100
Buy Above 1.2240
1.2258
1.2210
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2199
1.2174
1.2231
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4267
R2 S2
1.4296
R3 S3
1.4322
R4
Commentary
S4
1.4348
Buy Above 1.4251
1.4280
1.4215
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4197
1.4171
1.4240
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling spikes up on Tuesday and touches $1.4250 mark in Asian hours. It is the
highest level since April 2018. The pair made intraday high at $1.4250 and low at $1.4203 mark. A
day chart as well as H1 chart with triple EMA suggest up trend for the time being. A sustained
close above $1.4240 on H1 chart will check key resistances. Alternatively, a consistent close
below $1.4190 will check further supports.
USD
1.4190
1.4170
1.4138
1.4115
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
2
021

6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2060
R2 S2
1.2090
R3 S3
1.2126
R4
Commentary
S4
1.2154
Buy Above 1.2066
1.2095
1.2045
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2028
1.2003
1.2054
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar rises slightly on Tuesday and hovers around key support at
1.2040 mark. Today pair made intraday high at 1.2066 and low at 1.2046 mark. Today a day and
H1 chart with Triple EMA confirms bearish trend for the time being. A sustained close above
1.2060 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2040 on
H1 chart will check key supports too.
USD /CAD
1.2040
1.2015
1.2000
1.1973
JUNE,
2
021

7. BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
109.57
R2 S2
109.76
R3 S3
110.22
R4
Commentary
S4
110.52
Buy Above 109.60
109.87
109.32
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.28
109.00
109.54
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades marginally higher on Tuesday on strong manufacturing PMI
results. The pair made intraday high at 109.59 and low at 109.33 mark. The triple EMA on a day
chart is up but H1 chart suggest bearish trend for the time being. A sustained close above 109.57
on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.20 on H1 will
check further key supports.
USD /JPY
109.15
108.82
108.60
108.36
JUNE,
2
021

8. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1919
R2 S2
1924
R3 S3
1930
R4
Commentary
S4
1937
Buy Above 1914
1919
1907
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1905
1899
1912
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold appreciates on Tuesday and touches $1,914 mark in Asian hours. Today
pair made intraday high at $1,914 and low $1,905 mark. A day chart and H1 chart with triple EMA
confirm bullish trend for the time being. A sustained close above $1,919 on H1 chart requires for
the upside rally. Alternatively, a consistent close below $1,902 will check further supports.
XAU [GOLD]
USD
/
1902
1897
1891
1886
JUNE,
2
021

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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