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Daily Bulle n: Japanese Yen hits fresh 2 – month low at 109.23 mark; Asian stock markets slightly up; gold hovers around $1,710 mark; Markets eye
U.S. NFP job data
Asian Headlines:
• ECB keeps main refinancing rate unchanged at 0.00 pct.
• Overnight, U.S. trade balance stands at -49.4B vs -42.3B previous released (expected -41.5B).
• Australia AIG services index stands at 31.6 vs 27.1 previous released.
• U.K. GFK consumer confidence stands at -36 vs -34 previous released (expected -34).
• Japan household spending y/y stands at -11.1 pct vs -6.0 pct previous released (expected -12.8 pct).
• ECB released s mulus package via emergency bond buying scheme to 1.35 trillion.
• Central Bank of China added 150 billion Yuan in to the banking system through 7 – day reverse repurchases agreement.
• Oil slightly down, markets eye OPEC meet on Saturday.
• Australia is in process to make more resilient foreign investment laws.
Economic Data Ahead:
• (0200 ET/0600 GMT) German factory orders m/m, previous -15.6 pct, expected -19.7 pct.
• (0200 ET/0600 GMT) South Africa Foreign Reserves, previous 53.00B.
• (0300 ET/0700 GMT) Spain industrial produc on y/y, previous -12.2 pct.
• (0330 ET/0730 GMT) U.K. Halifax house price index y/y, previous 2.7 pct.
• (0400 ET/0800 GMT) Italy retail sales m/m, previous -20.5 pct.
• (0500 ET/0900 GMT) South Africa current account m/m, previous -68.1B.
• (0530 ET/0930 GMT) South Africa business confidence, previous 77.8.
Key Events Ahead:
• (0830 ET/1230 GMT) U.S. NFP job data.
• (0830 ET/1230 GMT) Canada employment change data.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.10% to 96.77.
USD/JPY: The Japanese Yen trades marginally lower in early Asia and touches 109.23 mark in early Asia. A sustained close above 109.11 will take the
parity higher towards key resistance around 109.22, 109.52, 109.72 and 110.20 mark respec vely. On the other side, a consistent close below 109.11
will drag the parity down towards 108.66, 107.90, 107.51, 106.60 and 105.98 marks respec vely.
AUD/USD: The Aussie trades flat and stabilizes around $0.6950 mark. The pair made intraday high at $0.6955 and low at $0.6930 marks. On the top
side key resistances are seen at $0.6982, $0.7031, $0.7082, $0.7122 and $0.7160 mark respec vely. On the other hand, a consistent close below
$0.6942 will take the parity down towards key supports around $0.6919, $0.6882, $0.6856 and $0.6760 mark respec vely.
NZD/USD: The kiwi appreciates and hits fresh 4 – month high at $0.6479 mark. Pair made intraday high at $0.6479 and low at $0.6454 mark. Key
resistances are seen at $0.6504, $0.6552 and $0.6597 mark respec vely. Alterna vely, a consistent close below $0.6462 will drag the parity down
towards key supports around $0.6403, $0.6356, $0.6289 and $0.6185 mark respec vely.
USD/INR: The pair moves in s ff boundaries from 75.47 to 74.75 marks. The pair made intraday high at 75.22 and low at 75.04. A sustained close
below 74.75 marks will drag the parity down towards 74.48, 74.12 and 73.99 mark. On the top side key resistances are seen at 75.47, 75.76, 76.04
marks respec vely.
EUR/USD: The euro hits fresh 3 – month high against U.S. dollar at $1.1362 a er ECB keeps interest rate unchanged. Today pair made intraday high at
$1.1344 and low at $1.1325 mark. A sustained close above $1.1337 will Key resistances are seen at $1.1367, $1.1412, $1.1448 and $1.1488 mark
respec vely. On the other side, a sustained close below $1.1233 will target $1.1167, $1.1134, $1.1067, $1.1002 and $1.0920 mark respec vely.
GBP/USD: The pound moves in s ff boundaries against U.S. dollar and hovers around $1.26 mark. A sustained close above $1.2596 will drag the parity
up towards $1.2628, $1.2647 and $1.2688 mark respec vely. Key support levels are seen at $1.2530, $1.2478, $1.2422 and $1.2373 marks
respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades slightly down in early Asia but remains well supported above $1,700 mark. Pair made intraday high at $1,716 and low at
$1,707 mark. A sustained close above $1,714 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards
key supports around $1,702, $1,694, $1,688, $1,682 and 1,668 mark respec vely. Key resistances are seen at $1,722, $1,748, $1,754, $1,765 and
$1,772 mark respec vely.
XAG/USD (Silver): Silver con nues to move in rigid boundaries from $17.85 to $17.47 marks. A sustained close below $17.65 requires for downside
rally. Key support levels are seen at $17.57, $17.42, $17.38 and $17.27 marks respec vely. Key resistances are seen at $17.78, $17.92, $18.09 and
$18.38 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 0.69771 S1 0.68967
Buy Above 0.69970
0.70402
0.69033
0.69033
0.68557
0.69970
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.70020 S2 0.68718
R3 0.70422 S3 0.68316
R4 0.71073 S4 0.67665
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.69369
4. EUR / USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.13613 S1 1.12335
Buy Above 1.13761
1.14009
1.12959
1.12959
1.12639
1.13761
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.14008 S2 1.11940
R3 1.14647 S3 1.11301
R4 1.15681 S4 1.10267
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.12974
5. GBP / USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.26292 S1 1.25280
Buy Above 1.26438
1.26789
1.25697
1.25697
1.25360
1.26438
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.26605 S2 1.24967
R3 1.27111 S3 1.24461
R4 1.27930 S4 1.23642
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.25786
6. USD /CAD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.35307 S1 1.34747
Buy Above 1.35334
1.35715
1.34581
1.34581
1.34193
1.35334
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.35479 S2 1.34373
R3 1.35759 S3 1.34295
R4 1.36211 S4 1.33843
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.35027
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
7. USD /JPY
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 109.202 S1 108.758
Buy Above 109.358
109.546
108.906
108.906
108.620
109.358
– Take Profit
– Stop Loss
Sell Below
RSI Divergence found If sell triggers can go for even Sell trend in future
– Take Profit
– Stop Loss
Note :
R2 109.333 S2 108.622
R3 109.569 S3 108.400
R4 109.918 S4 108.042
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
108.980
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1719.83 S1 1701.19
Buy Above 1719.82
1727.37
1701.14
1701.14
1693.68
1719.82
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1725.60 S2 1695.42
R3 1734.92 S3 1686.10
R4 S4 1671.01
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1710.51
Trends Reversing Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1750.01
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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