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Asian Bulle n: U.S. dollar trades flat against major peers ahead of manufacturing, services PMI data; Asian stock markets in green; gold hovers around $1,950 mark
Asian Headlines:
• Australia flash manufacturing PMI stands at 53.9 vs 54.0 previous release.
• Australia flash services PMI stands at 48.1 vs 58.2 previous release.
• U.K. GFK consumer confidence remains unchanged at -27.
• Japan na onal core CPI remains unchanged at 0.0 pct.
• Japan flash manufacturing PMI stands at 46.6 vs 45.2 previous release (expected 45.0).
• Australia retail sales stand at 3.3 pct vs 2.7 pct previous release.
• South Korea PPI m/m stands at 0.2 pct vs 0.5 pct previous release.
Economic Data Ahead:
• (0200 ET/0600 GMT) U.K. public sector net borrowing, previous 34.8B, expected 28.3B.
• (0200 ET/0600 GMT) U.K. retail sales, previous 13.9, expected 2.0.
• (0315 ET/0715 GMT) France flash services PMI, previous 57.3, expected 56.3.
• (0315 ET/0715 GMT) France flash manufacturing PMI, previous 52.4, expected 53.0.
• (0330 ET/0730 GMT) German flash manufacturing PMI, previous 51.0, expected 52.2.
• (0330 ET/0730 GMT) German flash services PMI, previous 55.6, expected 55.3.
• (0400 ET/0800 GMT) Euro manufacturing PMI, previous 51.8, expected 52.7.
• (0400 ET/0800 GMT) Euro services PMI, previous 54.7, expected 54.6.
• (0430 ET/0830 GMT) U.K. manufacturing PMI, previous 53.3, expected 54.0.
• (0430 ET/0830 GMT) U.K. services PMI, previous 56.5, expected 57.0.
• (0830 ET/1230 GMT) Canada retail sales, previous 18.7.
• (0830 ET/1230 GMT) Canada core retail sales, previous 10.6.
• (0945 ET/1345 GMT) U.S. flash manufacturing PMI, previous 50.9, expected 51.6.
• (0945 ET/1345 GMT) U.S. flash services PMI, previous 50.0, expected 50.7.
• (1000 ET/1400 GMT) Euro consumer confidence, previous -15, expected -15.
• (1000 ET/1400 GMT) U.S. exis ng home sales, previous 4.72M, expected 5.40M.
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 0.15% to 92.65.
USD/JPY: The Japanese yen trades marginally higher and stabilizing below 106.00 mark. A sustained close above 106.10 will take the parity higher towards key resistance
around 106.22, 106.65, 106.90, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 105.80 will drag the
parity down towards 105.40, 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie trades flat against U.S. dollar a er mixed economic data. The pair made intraday high at $0.7215 and low at $0.7183 marks. On the top side key
resistances are seen at $0.7242, $0.7286, $0.7304 and $0.7344 mark respec vely. On the other hand, a consistent close below $0.7190 will take the parity down towards
key supports around $0.7123, $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi exhibits range bound movement and consolidates around $0.6540 mark against U.S. dollar. Pair made intraday high at $0.6546 and low at $0.6526
mark. Key resistances are seen at $0.6602, $0.6649, $0.6715, $0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6534 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 trades marginally higher against U.S. dollar. The pair made intraday high at 74.88 and low at 74.80. A sustained close below 74.85 marks will
drag the parity down towards 74.49, 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side key resistances are seen at 75.20, 75.39, 75.52, 75.65, 76.24,
76.48 and 76.88 marks respec vely.
EUR/USD: The euro recovers slightly and trading around $1.1875 mark. The pair made intraday high at $1.1878 and low at $1.1855 mark. A sustained close above
$1.1860 tests key resistances at $1.1890, $1.1965, $1.1976, $1.1999 and $1.2022 mark respec vely. On the other side, a sustained close below $1.1836 will target key
supports around $1.1832, $1.1783, $1.1740, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The sterling rises gradually against U.S. dollar and touches $1.3243 mark in opening hours. A sustained close above $1.3238 will drag the parity up towards
$1.3289, $1.3322, $1.3378, $1.3442 and $1.3515 mark respec vely. Key support levels are seen at $1.3141, $1.3092, $1.3048, $1.3009, $1.2950, $1.2838 and $1.2775
mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold hovers around $1,950 mark. Today pair made intraday high at $1,956 and low at $1,940 mark. A sustained close above $2,001 requires for the
upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,922, $1,890, $1,862, $1,840, $1,822, $1,809 and $1,787
mark respec vely. Key resistances are seen at $1,957, $1,972, $1,987, $1,994, $2,008, 2,020, 2,038 and $2,063 marks respec vely.
XAG/USD (Silver): Silver remains well supported above $27.00 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $26.72,
$26.44, $25.53, $25.02, $24.70, $23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $27.92, $28.12, $28.38, $28.62 and $29.00 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXAUGUST,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 0.72018 S1 0.71508
Buy Above 0.72253
0.72431
0.71610
0.71610
0.71334
0.72253
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72176 S2 0.71350
R3 0.72431 S3 0.71095
R4 0.72844 S4 0.70682
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71763
4. EUR / USD
REPORTFROM:TPGLOBALFX
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 1.18684 S1 1.18176
Buy Above 1.19107
1.19437
1.18257
1.18257
1.17947
1.19107
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18841 S2 1.18019
R3 1.19093 S3 1.17765
R4 1.19506 S4 1.17354
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.18430
AUGUST,2020
5. GBP / USD
REPORTFROM:TPGLOBALFX
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 1.32282 S1 1.31060
Buy Above 1.32550
1.32900
1.31432
1.31432
1.30946
1.32550
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32660 S2 1.30682
R3 1.33271 S3 1.30071
R4 1.34260 S4 1.29082
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31671
AUGUST,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.32278 S1 1.31696
Buy Above 1.32103
1.32505
1.31345
1.31345
1.31087
1.32103
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32459 S2 1.31515
R3 1.32750 S3 1.31224
R4 1.33222 S4 1.30752
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31987
Trend Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
AUGUST,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 106.095 S1 105.733
Buy Above 105.955
106.145
105.442
105.442
105.202
105.955
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.206 S2 105.622
R3 106.387 S3 105.441
R4 106.679 S4 105.149
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
105.914
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
AUGUST,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1953.54 S1 1930.10
Buy Above 1963.26
1970.49
1937.44
1937.44
1929.52
1963.26
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1960.79 S2 1922.85
R3 1972.51 S3 1911.13
R4 S4 1892.16
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1941.82
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1991.48
AUGUST,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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