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Asian Bulle n: Aussie remains almost unchanged as RBA keeps interest rate steady; Asian stock markets mixed; gold stabilizes above $1,780 mark
Asian Headlines:
• Australia kept interest rate unchanged at 0.25 pct.
• New Zealand NZIER business confidence stands at -63 vs -70 previous released.
• Australia services index stands at 31.5 vs 31.6 previous released.
• Japan average cash earnings y/y stands at -2.1 pct vs -0.7 pct previous released (expected -0.9).
• Japan household spending y/y stands at -16.2 pct vs -11.1 pct previous released (expected -11.8).
• Some of the states from Australia again passing through locked down situa on due to Covid 19 cases.
• South Korea’s current account stands at 2.29B vs -3.33B previous releases.
Economic Data Ahead:
• (0200 ET/0600 GMT) German industrial produc on, previous -17.9, expected 11.0.
• (0245 ET/0645 GMT) France trade balance, previous -5.0B, expected -4.5B.
• (0330 ET/0730 GMT) U.K. Halifax HPI m/m, previous -0.2, expected -0.8 pct.
• (0400 ET/0800 GMT) Italy retail sales, previous -10.5, expected 15.0 pct.
• (1000 ET/1400 GMT) U.S. JOLTS job openings, previous 5.05M, expected 4.70M.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.03% to 96.76.
USD/JPY: The Japanese yen trades almost unchanged a er lower than expected average cash earnings and household spending data. 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 107.33 will drag the parity down towards 107.04, 106.51, 106.22, 105.98 and 104.20 marks respec vely.
AUD/USD: The Aussie remains almost unchanged as RBA keeps interest rate steady and stands pat on monetary policy statements. The pair made
intraday high at $0.6997 and low at $0.6955 marks. On the top side key resistances are seen at $0.7002, $0.7040 and $0.7066 mark respec vely. On
the other hand, a consistent close below $0.6972 will take the parity down towards key supports around $0.6928, $0.6833, $0.6799, $0.6760, $0.6722
and $0.6698 mark respec vely.
NZD/USD: The kiwi rises gradually against U.S. dollar and touches $0.6580 mark in early Asia. Pair made intraday high at $0.6580 and low at $0.6545
mark. Key resistances are seen at $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6554 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 erases previous gain against U.S. dollar and stabilizes back above 74.00 mark. The pair made intraday high at 74.52 and low
at 73.95. A sustained close below 74.36 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 trades marginally higher against U.S. dollar ahead of few economic data from the Euro Zone. The pair made intraday high at
$1.1332 and low at $1.1304 mark. A sustained close above $1.1310 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 $1.1310 will target key supports around $1.1270, $1.1240, $1.1190, $1.1157, $1.1134 and
$1.1067 marks respec vely.
GBP/USD: The pound con nues to move in rigid boundaries against U.S. dollar and remains well supported above $1.2500 mark. A sustained close
above $1.2491 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 strengthens no ceably and touched $1,787 mark. Today pair made intraday high at $1,787 and low at $1,782 mark. A
sustained close above $1,784 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports
around $1,770, $1,754, $1,748, $1,740, $1,732, $1,722 and $1,718 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 on Tuesday and supported around $18.20 mark in early Asia. A sustained close above $18.27
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 $18.38, $18.54, $18.67 and $18.87 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXJULY,2020
Time Frame: H1
INDICATORS
Trends Reversing Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 0.69850 S1 0.69402
Buy Above 0.69843
0.70033
0.69459
0.69459
0.69212
0.69843
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.69988 S2 0.69264
R3 0.70212 S3 0.69040
R4 0.70574 S4 0.68678
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.69626
4. 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 1.13388 S1 1.12586
Buy Above 1.13377
1.13586
1.12707
1.12707
1.12389
1.13377
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.13624 S2 1.12342
R3 1.14021 S3 1.11945
R4 1.14662 S4 1.11304
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.12983
JULY,
5. GBP / USD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS
Trends Reversing Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.25130 S1 1.24660
Buy Above 1.25274
1.25554
1.24668
1.24668
1.24407
1.25274
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.25270 S2 1.24514
R3 1.25511 S3 1.24279
R4 1.25892 S4 1.23898
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.24895
JULY,
6. USD /CAD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.35597 S1 1.35255
Buy Above 1.35705
1.35898
1.35215
1.35215
1.35034
1.35705
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.35703 S2 1.35149
R3 1.35874 S3 1.34978
R4 1.36151 S4 1.34701
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.35426
Trend Reversing Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
JULY,
7. USD /JPY
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 107.721 S1 107.463
Buy Above 107.533
107.621
107.238
107.238
107.120
107.533
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 107.801 S2 107.383
R3 107.930 S3 107.254
R4 108.139 S4 107.045
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
107.592
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
JULY,
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1786.46 S1 1773.52
Buy Above 1786.73
1789.94
1778.53
1778.53
1774.97
1786.73
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1790.48 S2 1769.52
R3 1796.96 S3 1763.04
R4 S4 1752.56
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1780.00
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1807.44
JULY,
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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