The document provides a daily analysis report from TPGlobalFX covering Asian markets and major currency pairs. Key points covered in the report include: the Reserve Bank of Australia leaving interest rates unchanged; various economic data releases from Asia including inflation and trade balance figures; technical analysis and support/resistance levels for AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY, and gold. Upcoming economic data events are also listed.
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Asian Bulle n: Aussie remains slightly vola le as RBA stands pat; Asian stock markets in green; gold trade flat $1,975 mark
Asian Headlines:
• Aussie keeps interest rate unchanged at 0.25 pct.
• Japan Tokyo core CPI stands at 0.4 pct vs 0.2 pct previous release (expected 0.2).
• Japan Tokyo CPI stands at 0.6 pct vs 0.3 pct previous release.
• Japan monetary base stands at 9.8 pct vs 6.0 pct previous release (expected 7.1).
• Australia trade balance stands at 8.20B vs 7.34B previous release (expected 8.80B).
• Australia retail sales stands at 2.7 pct vs 2.4 pct previous release (expected 2.4).
• RBA – Outlook remains highly uncertain.
• RBA - The recovery is expected to be only gradual and its shape is dependent on containment of the virus.
• RBA - This accommoda ve approach will be maintained as long as it is required.
• South Korea CPI y/y stands at 0.3 pct vs 0.0 pct previous release (expected 0.4).
Economic Data Ahead:
• (0145 ET/0545 GMT) Swiss SECO consumer climate, previous -39.
• (0230 ET/0630 GMT) Australia commodity price, previous -11.4.
• (0245 ET/0645 GMT) France budget balance, previous -117.9B.
• (0300 ET/0700 GMT) Spain unemployment change, previous 5.1K.
• (0500 ET/0900 GMT) Euro PPI, previous -0.6, expected 0.6 pct.
• (0930 ET/1330 GMT) Canada manufacturing PMI, previous 47.8.
• (1000 ET/1400 GMT) U.S. factory orders, previous 8.0, expected 5.1.
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 up 0.16% to 93.50.
USD/JPY: The Japanese yen trades marginally lower despite higher than expected CPI, core CPI data. A sustained close above 105.94 will take the parity higher towards
key resistance around 106.22, 106.90, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 105.94 will drag the
parity down towards 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie rises immediately a er RBA’s interest rate decision. The pair made intraday high at $0.7137 and low at $0.7105 marks. On the top side key
resistances are seen at $0.7149, $0.7193, $0.7247, $0.7286 and $0.7344 mark respec vely. On the other hand, a consistent close below $0.7123 will take the parity
down towards key supports around $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi trades flat ahead of New Zealand’s job data due tomorrow. Pair made intraday high at $0.6624 and low at $0.6605 mark. Key resistances are seen at
$0.6642, $0.6715, $0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6612 will drag the parity down towards key supports
around $0.6576, $0.6530, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee falls in opening hours and hovers around 75.00 mark. The pair made intraday high at 75.08 and low at 74.96. A sustained close below 75.02
marks will drag the parity down towards 74.37, 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side key resistances are seen at 75.12, 75.39, 75.52,
75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro fails to find support below $1.17 mark and currently trading around $1.1770 mark against U.S. dollar. The pair made intraday high at $1.1777 and low
at $1.1752 mark. A sustained close above $1.1762 tests key resistances at $1.1846, $1.1909, $1.1948, $1.1976 and $1.1999 mark respec vely. On the other side, a
sustained close below $1.1762 will target key supports around $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound trades flat against U.S. dollar and stabilizes below $1.31 mark. A sustained close above $1.3094 will drag the parity up towards $1.3155, $1.3176
and $1.3212 mark respec vely. Key support levels are seen at $1.3054, $1.3004, $1.2950, $1.2838, $1.2775, $1.2717, $1.2661, $1.2510, $1.2457 and $1.2422 mark
respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades flat $1,975 mark. Today pair made intraday high at $1,978 and low at $1,971 mark. A sustained close above $1,975 requires for the upside
rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,956, $1,947, $1,942, $1,931, $1,912, $1,907, $1,881 and $1,862
mark respec vely. Key resistances are seen at $1,994, $1,999, $2,005, $2,013 and $2,027 mark respec vely.
XAG/USD (Silver): Silver moves in s ff boundaries against U.S. dollar and stabilizes above $24.00 mark. A sustained close above $24.60 requires for upside rally. Key
support levels are seen at $24.02, $23.48, $23.24, $22.72, $22.38, $21.90, $21.50, $21.30 and $20.50 marks respec vely. Key resistances are seen at $25.11, $25.44,
$25.62, $26.20, $26.48 and $26.72 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 0.71443 S1 0.70879
Buy Above 0.71648
0.71847
0.70953
0.70953
0.70675
0.71648
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71617 S2 0.70705
R3 0.71899 S3 0.70423
R4 0.72355 S4 0.69967
Conclusion
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0.71161
4. EUR / USD
REPORTFROM:TPGLOBALFX
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 1.17871 S1 1.17101
Buy Above 1.18273
1.18613
1.17209
1.17209
1.16822
1.18273
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18110 S2 1.16862
R3 1.18495 S3 1.16477
R4 1.19119 S4 1.15853
Conclusion
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1.17486
AUGUST,2020
5. GBP / USD
REPORTFROM:TPGLOBALFX
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 1.31021 S1 1.30197
Buy Above 1.31312
1.31634
1.30259
1.30259
1.29887
1.31312
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31276 S2 1.29942
R3 1.31688 S3 1.29530
R4 1.32355 S4 1.28863
Conclusion
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1.30609
AUGUST,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.34333 S1 1.33859
Buy Above 1.34381
1.34559
1.33708
1.33708
1.33458
1.34381
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.34479 S2 1.33713
R3 1.34716 S3 1.33476
R4 1.35099 S4 1.33093
Conclusion
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1.34096
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 106.368 S1 105.688
Buy Above 106.469
106.828
105.390
105.390
105.092
106.469
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.579 S2 105.477
R3 106.919 S3 105.137
R4 107.470 S4 104.586
Conclusion
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106.028
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
AUGUST,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1985.12 S1 1964.30
Buy Above 1981.06
1993.30
1955.96
1955.96
1945.61
1981.06
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1991.54 S2 1957.88
R3 2001.95 S3 1947.47
R4 S4 1930.64
Conclusion
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1974.71
Trends Reversing Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
2018.78
AUGUST,2020
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