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Asian Bulle n: Japanese yen trades marginally lower in early Asia; Asian stock markets extremely up; gold trades flat at $1,772 mark
Asian Headlines:
• New Zealand AND commodity prices m/m stands at -0.7 vs 1.1 previous released.
• Australia MI infla on gauge stands at 0.6 pct vs -1.2 pct previous released.
• Hong Kong manufacturing PMI stands at 49.6 vs 43.9 previous released.
Economic Data Ahead:
• (0200 ET/0600 GMT) German factory orders m/m, previous -25.8 pct, expected 15.1 pct.
• (0430 ET/0830 GMT) Euro Sen x investor confidence, previous -24.8, expected -10.8.
• (0430 ET/0830 GMT) U.K. construc on PMI, previous 28.9, expected 46.0.
• (0500 ET/0900 GMT) Euro retail sales, previous -11.7 pct , expected 15.0 pct.
• (0945 ET/1345 GMT) U.S. final service PMI, previous 46.7, expected 47.0.
• (1000 ET/1400 GMT) U.S. ISM non – manufacturing PMI, previous 45.4, expected 50.0.
Economic Events Ahead:
• (1030 ET/1430 GMT) Bank of Canada business outlook survey.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.22% to 96.96.
USD/JPY: The Japanese yen starts a new week on a nega ve note against U.S. dollar and hovers around 107.70 mark. A sustained close above 107.49
will take the parity higher towards key resistance around 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close
below 107.49 will drag the parity down towards 107.04, 106.51, 106.22, 105.98 and 104.20 marks respec vely.
AUD/USD: The Aussie rises in early Asia as markets await RBA’s interest rate decision due tomorrow. The pair made intraday high at $0.6968 and low
at $0.6928 marks. On the top side key resistances are seen at $0.6976, $0.7002, $0.7040 and $0.7066 mark respec vely. On the other hand, a
consistent close below $0.6833 will take the parity down towards key supports around $0.6799, $0.6760, $0.6722 and $0.6698 mark respec vely.
NZD/USD: The kiwi appreciates gradually against U.S. dollar and touches $0.6554 mark in early Asia. Pair made intraday high at $0.6554 and low at
$0.6517 mark. Key resistances are seen at $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6531 will drag
the parity down towards key supports around $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee rises remarkably against U.S. dollar and hits fresh 4 – month high at 73.83 mark. The pair made intraday high at 74.49 and
low at 73.83. A sustained close below 74.00 marks will drag the parity down towards 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side
key resistances are seen at 74.54, 75.02, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro strengthens against U.S. dollar ahead of retail sales data. The pair made intraday high at $1.1292 and low at $1.1240 mark. A
sustained close above $1.1290 tests key resistances at $1.1322, $1.1372, $1.1422, $1.1448 and $1.1476 mark respec vely. On the other side, a
sustained close below $1.1240 will target key supports around $1.1190, $1.1157, $1.1134 and $1.1067 marks respec vely.
GBP/USD: The pound moves in s ff boundaries against U.S. dollar and stabilizes above $1.2450 mark. A sustained close above $1.2481 will drag the
parity up towards $1.2528, $1.2567, $1.2676, $1.2722, $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $1.2457,
$1.2422, $1.2342, $1.2297, $1.2247, $1.2204 and $1.2160 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold moves range bound in early Asia. Today pair made intraday high at $1,776 and low at $1,770 mark. A sustained close above
$1,780 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,754, $1,748,
$1,740, $1,732, $1,722, $1,718, $1,708, $1,702, $1,692 and $1,685 mark respec vely. Key resistances are seen at $1,786, $1,792, $1,796, $1,803 and
$1,811 mark respec vely.
XAG/USD (Silver): Silver trades flat against U.S. dollar and consolidates around $18.00 mark in early Asia. A sustained close above $18.18 requires for
upside rally. Key support levels are seen at $17.92, $17.80, $17.62, $17.49, $17.40, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are
seen at $18.02, $18.38, $18.54, $18.67 and $18.87 marks respec vely.
AUD / USD
REPORTFROM:TPGLOBALFXJULY,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 0.69459 S1 0.69199
Buy Above 0.69740
0.69855
0.69328
0.69328
0.69197
0.69740
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
NOTE: ANZ Job Advertisements m/m - DATA RELEASED AND MOVEMENT IS GIVEN ALREADY!!
R2 0.69540 S2 0.69118
R3 0.69670 S3 0.68988
R4 0.69881 S4 0.68777
Conclusion
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0.69329
EUR / USD
REPORTFROM:TPGLOBALFX2020
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 1.12508 S1 1.12260
Buy Above 1.13036
1.13200
1.12379
1.12379
1.12257
1.13036
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.12585 S2 1.12183
R3 1.12709 S3 1.12059
R4 1.12910 S4 1.11858
Conclusion
+1 7754 366 970
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1.12384
JULY,
GBP / USD
REPORTFROM:TPGLOBALFX2020
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 1.24874 S1 1.24502
Buy Above 1.25130
1.25395
1.24668
1.24668
1.24509
1.25130
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.24989 S2 1.24387
R3 1.25175 S3 1.24201
R4 1.25476 S4 1.23900
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.24688
JULY,
USD /CAD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.35717 S1 1.35435
Buy Above 1.35833
1.36000
1.35215
1.35215
1.35034
1.35833
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.35803 S2 1.35349
R3 1.35944 S3 1.35208
R4 1.36171 S4 1.34981
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.35576
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
JULY,
USD /JPY
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 107.542 S1 107.442
Buy Above 107.777
107.858
107.490
107.490
107.409
107.777
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 107.574 S2 107.410
R3 107.624 S3 107.360
R4 107.706 S4 107.278
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
107.492
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
JULY,
XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1776.81 S1 1773.41
Buy Above 1778.77
1782.82
1767.30
1767.30
1763.64
1778.77
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1777.85 S2 1772.37
R3 1779.55 S3 1770.67
R4 S4 1767.93
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1775.11
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1782.29
JULY,
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you!
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