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Asian Bulle n: Japanese yen depreciates on the back of lower than expected unemployment rate, industrial produc on data; Asian stock markets
extremely up; gold trades flat at $1,770 mark
Asian Headlines:
• Japan unemployment rate stands at 2.9 pct vs 2.6 pct previous released (expected 2.8).
• Japan prelim industrial produc on stands at -8.4 pct vs -9.8 pct previous released (expected -5.6).
• China manufacturing PMI stands at 50.9 vs 50.6 previous released (expected 50.4).
• China non – manufacturing PMI stands at 54.4 vs 53.6 previous released (expected 53.3).
• New Zealand business confidence stands at -34.4 vs -33.0 previous released.
• Australia private sector credit stands at -0.1 vs 0.0 pct previous released (expected 0.1).
• South Korea industrial produc on m/m stands at -6.7 vs -6.7 previous released (expected -1.4).
• South Korea retail sales m/m stands at 4.6 vs 5.3 pct previous release.
• Singapore bank lending stands at 685.3B vs 689.7B previous release.
Economic Data Ahead:
• (0200 ET/0600 GMT) U.K. current account, previous -5.6B, expected -15.2B.
• (0200 ET/0600 GMT) U.K. final GDP, previous -2.0, expected -2.0.
• (0230 ET/0630 GMT) Swiss retail sales, previous -19.9, expected -15.0.
• (0245 ET/0645 GMT) France consumer spending, previous -20.2, expected 30.0.
• (0245 ET/0645 GMT) France prelim CPI m/m, previous 0.1, expected 0.4.
• (0500 ET/0900 GMT) Euro CPI flash es mates, previous 0.1, expected -0.1.
• (0500 ET/0900 GMT) Euro core CPI, previous 0.9, expected 0.8.
• (0830 ET/1230 GMT) CAD GDP m/m, previous -7.2, expected -12.5.
Economic Events Ahead:
• (0600 ET/1000 GMT) MPC member Haidane’s speech.
• (1230 ET/1630 GMT) Fed Chair Powell’s tes mony.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.06% to 97.48.
USD/JPY: The Japanese yen trades marginally lower as unemployment rate and industrial produc on data miss expecta ons. A sustained close above
107.57 will take the parity higher towards key resistance around 107.87, 108, 22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a
consistent close below 107.57 will drag the parity down towards 107.04, 106.51, 106.22, 105.98 and 104.20 marks respec vely.
AUD/USD: The Aussie trades flat against U.S. dollar and consolidates around $0.6900 mark in early Asia. The pair made intraday high at $0.6885 and
low at $0.6858 marks. On the top side key resistances are seen at $0.6922, $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 moves in rigid boundaries against U.S. dollar and stabilizes above $0.6400 mark. Pair made intraday high at $0.6430 and low at
$0.6406 mark. Key resistances are seen at $0.6442, $0.6478, $0.6528, $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent
close below $0.6405 will drag the parity down towards key supports around $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee rises against U.S. dollar and stabilizes around 75.20 mark. The pair made intraday high at 75.26 and low at 75.15. A
sustained close below 75.25 marks will drag the parity down towards 75.12, 74.48, 74.12 and 73.99 mark. On the top side key resistances are seen at
75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro fails to find support above $1.1290 mark and slips back below $1.1250 mark on Tuesday morning. The pair made intraday high at
$1.1251 and low at $1.1231 mark. A sustained close above $1.1240 tests key resistances at $1.1290, $1.1322, $1.1372, $1.1422, $1.1448 and $1.1476
mark respec vely. On the other side, a sustained close below $1.1217 will target key supports around $1.1190, $1.1157, $1.1134 and $1.1067 marks
respec vely.
GBP/USD: The pound trades almost flat ahead of current account and final GDP data. A sustained close above $1.2297 will drag the parity up towards
$1.2322, $1.2390, $1.2477, $1.2567, $1.2676, $1.2722, $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $1.2247,
$1.2204 and $1.2160 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold moves in rigid boundaries on Tuesday. Pair made intraday high at $1,773 and low at $1,768 mark. A sustained close above
$1,772 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,764, $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 $1,779, $1,792, $1,796,
$1,803 and $1,811 mark respec vely.
XAG/USD (Silver): Silver trades flat against U.S. dollar and hovers around $17.90 mark. A sustained close above $17.94 requires for upside rally. Key
support levels are seen at $17.80, $17.62, $17.49, $17.40, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are seen at $17.94, $18.02,
$18.10, $18.16 and $18.38 marks respec vely.
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 0.68849 S1 0.68509
Buy Above 0.68981
0.69114
0.68576
0.68576
0.68466
0.68981
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.68955 S2 0.68403
R3 0.69133 S3 0.68233
R4 0.69401 S4 0.67957
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.68679
EUR / USD
REPORTFROM:TPGLOBALFXJUNE,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 1.12892 S1 1.12352
Buy Above 1.12623
1.12735
1.12166
1.12166
1.12007
1.12623
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.13059 S2 1.12185
R3 1.13329 S3 1.11915
R4 1.13627 S4 1.11478
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.12622
GBP / USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RIS (Period=26) Below RIS LEVEL 50
FIBO Levels PIVOT
R1 1.23661 S1 1.22973
Buy Above 1.23722
1.23959
1.22774
1.22774
1.22514
1.23722
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.23873 S2 1.22761
R3 1.24217 S3 1.22417
R4 1.24773 S4 1.21861
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.23317
USD /CAD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.36903 S1 1.36511
Buy Above 1.36935
1.37137
1.36382
1.36382
1.36155
1.36935
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.37024 S2 1.36390
R3 1.37220 S3 1.36194
R4 1.37537 S4 1.35877
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.36707
Trend Reversing Up Trend
Moving Average (Period=75 Above MA
RIS (Period=26 Above RIS LEVEL 50
USD /JPY
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 107.816 S1 107.172
Buy Above 108.017
108.229
107.157
107.157
106.916
108.017
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 108.015 S2 106.973
R3 108.337 S3 106.651
R4 108.858 S4 106.130
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
107.494
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
XAU / [GOLD]USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1774.63 S1 1767.27
Buy Above 1777.41
1784.02
1764.98
1764.98
1760.28
1777.41
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1776.90 S2 1765.00
R3 1780.58 S3 1761.32
R4 S4 1755.37
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1770.95
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1786.53
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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