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Asian Bulle n: Aussie falls sharply immediately a er lower than expected job data; U.K. and Swiss interest rate decision in focus; Asian stock markets
mixed; gold consolidates around $1,727 mark
Asian Headlines:
• New Zealand GDP q/q stands at -1.6 pct vs 0.5 pct previous released (expected -1.0).
• Australia employment change stands at -227.7K vs -607.4K previous released (expected -105.0K).
• Australia unemployment rate stands at 7.1 pct vs 6.4 pct previous released (expected 6.9 pct).
• China extents an – dumping inquiry into imports of a synthe c rubber from U.S., EU and South Kroea.
Economic Data Ahead:
• (0230 ET/0630 GMT) Swiss Trade balance, previous 4.43B.
• (0400 ET/0800 GMT) Swiss interest rate decision, previous -0.75 pct.
• (0400 ET/0800 GMT) Italy trade balance, previous 5.69B, expected 4.86B.
• (0700 ET/1100 GMT) U.K. interest rate decision, previous 0.10 pct.
• (0830 ET/1230 GMT) Canada NFP job data, previous -226.7K.
• (0830 ET/1230 GMT) U.S. Philly Fed manufacturing index, previous -43.1, expected -23.0.
• (1000 ET/1400 GMT) U.S. CB leading index, previous -4.4, expected 2.4.
Economic Events Ahead:
• (0400 ET/0800 GMT) ECB economic bulle n.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.11% to 97.05.
USD/JPY: The Japanese yen rises gradually against U.S. dollar and trading around 106.80 mark. A sustained close above 107.00 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
106.86 will drag the parity down towards 106.57, 105.98 and 104.20 marks respec vely.
AUD/USD: The Aussie depreciates sharply against U.S. dollar a er nega ve job data and stabilizes below $0.6900 mark in early Asia. The pair made
intraday high at $0.6896 and low at $0.6837 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 $0.6854 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 remains highly vola le in early Asia as GDP data misses expecta ons. Pair made intraday high at $0.6478 and low at $0.6421 mark.
Key resistances are seen at $0.6473, $0.6528, $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6430 will
drag the parity down towards key supports around $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee erases previous loss against U.S. dollar and remains well supported below 76.00 mark. The pair made intraday high at
76.07 and low at 75.79. A sustained close below 76.07 marks will drag the parity down towards 75.76, 75.47, 75.12, 74.48, 74.12 and 73.99 mark. On
the top side key resistances are seen at 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro trades slightly up against U.S. dollar and hovers around $1.1250 mark. Today pair made intraday high at $1.1261 and low at
$1.1224 mark. A sustained close above $1.1254 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 $1.1243 will target key supports around $1.1210, $1.1167, $1.1134 and $1.1067 marks respec vely.
GBP/USD: The pound trades flat against U.S. dollar ahead of U.K. interest rate decision. A sustained close above $1.2605 will drag the parity up
towards $1.2676, $1.2722, $1.2777, $1.2803 and $1.2849 mark respec vely. Key support levels are seen at $1.2586, $1.2535, $1.2478, $1.2420 marks
respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades in s ff boundaries in Asian hours and trading around $1,727 mark. Pair made intraday high at $1,730 and low at $1,723
mark. A sustained close above $1,732 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key
supports around $1,722, $1,718, $1,708, $1,702, $1,692 and $1,685 mark respec vely. Key resistances are seen at $1,738, $1,742, $1,748 and $1,754
mark respec vely.
XAG/USD (Silver): Silver remains flat and con nues to trade in rigid boundaries today. A sustained close above $17.50 requires for upside rally. Key
support levels are seen at $17.28, $17.22, $17.09 and $16.98 marks respec vely. Key resistances are seen at $17.55, $17.76, $17.92, $18.02, $18.10,
$18.16 and $18.38 marks respec vely.
3. AUD / 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 0.69127 S1 0.68589
Buy Above 0.69009
0.69311
0.68418
0.68418
0.68151
0.69009
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.69294 S2 0.68422
R3 0.69563 S3 0.68153
R4 0.69999 S4 0.67717
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.68858
4. EUR / 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 1.12809 S1 1.12145
Buy Above 1.12830
1.13277
1.12058
1.12058
1.11661
1.12830
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.13014 S2 1.11940
R3 1.13346 S3 1.11608
R4 1.13883 S4 1.11071
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.12477
5. 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 1.25808 S1 1.25216
Buy Above 1.25784
1.26046
1.25032
1.25032
1.24687
1.25784
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.25992 S2 1.25032
R3 1.26288 S3 1.24736
R4 1.26768 S4 1.24256
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.25512
6. USD /CAD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.35882 S1 1.35252
Buy Above 1.36090
1.36533
1.35050
1.35050
1.34624
1.36090
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.36070 S2 1.35050
R3 1.36391 S3 1.34743
R4 1.36900 S4 1.34234
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.35567
Trends Neutral Up Trend
Moving Average (Period=75 Above MA
RIS (Period=26) Above RIS LEVEL 50
7. USD /JPY
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 107.312 S1 106.938
Buy Above 107.009
107.182
106.631
106.631
106.434
107.009
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
Note :
R2 107.428 S2 106.822
R3 107.615 S3 106.535
R4 107.918 S4 106.332
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
107.125
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFXJUNE,2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1729.75 S1 1716.53
Buy Above 1731.15
1737.25
1721.01
1721.01
1715.60
1731.15
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1733.83 S2 1712.45
R3 1740.44 S3 1705.84
R4 S4 1695.15
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1723.14
Trends Reversing Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1751.13
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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