The document provides a daily analysis report on Asian markets and upcoming economic data releases. It notes that the Japanese yen fell after a miss on core machinery orders data. Asian stock markets were mixed ahead of the FOMC meeting minutes. Gold was hovering around $2,000. The report then provides analysis and trading recommendations for several currency pairs, including the AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY, and XAU/USD. Key support and resistance levels are identified along with short term trading opportunities.
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Asian Bulle n: Japanese yen falls in early Asia as core machinery orders data misses expecta ons, Asian stock markets mixed ahead of FOMC mee ng minutes, gold
hovers around $2,000 mark
Asian Headlines:
• New Zealand PPI input q/q stands at -1.0 pct vs -0.3 pct previous release.
• New Zealand PPI output q/q stands at -0.3 pct vs 0.1 pct previous release.
• Japan core machinery orders m/m stands at -7.6 pct vs 1.7 pct previous release (expected 2.1).
• Japan trade balance stands at -0.03T vs -0.41T previous release.
• Australia MI leading index m/m stands at 0.1 pct vs 0.5 pct previous release.
Economic Data Ahead:
• (0200 ET/0600 GMT) U.K. CPI, previous 0.6, expected 0.5.
• (0200 ET/0600 GMT) U.K. core CPI, previous 1.4, expected 1.3.
• (0200 ET/0600 GMT) U.K. PPI input, previous 2.4, expected 1.1.
• (0200 ET/0600 GMT) U.K. PPI output, previous 0.3, expected 0.2.
• (0200 ET/0600 GMT) U.K. RPI, previous 1.1, expected 1.2.
• (0400 ET/0800 GMT) Euro current account, previous 8.0B.
• (0500 ET/0900 GMT) Euro final CPI, previous 0.3, expected 0.4.
• (0500 ET/0900 GMT) Euro final core CPI, previous 1.2, expected 1.2.
• (0830 ET/1230 GMT) Canada CPI m/m, previous 0.8.
• (0830 ET/1230 GMT) Canada core CPI, previous 0.4.
• (0830 ET/1230 GMT) Canada wholesale sales, previous 5.7.
Economic Events Ahead:
• (1400 ET/1800 GMT) U.S. FOMC mee ng minutes.
• Tenta ve OPEC – JMMC mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.06% to 92.32.
USD/JPY: The Japanese yen remains slightly vola le against U. S. dollar a er mixed economic data. A sustained close above 105.40 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 105.40 will
drag the parity down towards 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie exhibits range bound movement against U.S. dollar. The pair made intraday high at $0.7259 and low at $0.7232 marks. On the top side key
resistances are seen at $0.7286, $0.7304 and $0.7344 mark respec vely. On the other hand, a consistent close below $0.7213 will take the parity down towards key
supports around $0.7190, $0.7123, $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi trades marginally higher a er PPI input & output data. Pair made intraday high at $0.6616 and low at $0.6599 mark. Key resistances are seen at
$0.6649, $0.6715, $0.6766, $0.6782 and $0.6824 mark respec vely. Alterna vely, a consistent close below $0.6600 will drag the parity down towards key supports
around $0.6537, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee con nues to trade in rigid boundaries and stabilizes below 75.00 mark. The pair made intraday high at 74.60 and low at 74.49. A sustained
close below 74.37 marks will drag the parity down towards 74.00, 73.76, 73.50, 73.42 and 73.26 mark respec vely. On the top side key resistances are seen at 74.82,
75.20, 75.39, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro hit highest level since May 2018 and touched $1.1965 mark in last trading session. The pair made intraday high at $1.1952 and low at $1.1926 mark.
A sustained close above $1.1931 tests key resistances at $1.1965, $1.1976, $1.1999 and $1.2022 mark respec vely. On the other side, a sustained close below $1.1931
will target key supports around $1.1876, $1.1832, $1.1783, $1.1740, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The sterling firms against U.S. dollar and remains well supported above $1.31 mark. The pair hits highest level since December 2019. 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 $1.3226, $1.3141, $1.3092,
$1.3048, $1.3009, $1.2950, $1.2838 and $1.2775 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold slips back below $2,000 mark. Today pair made intraday high at $2,006 and low at $1,989 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 $1,976, $1,953, $1,922, $1,890, $1,862, $1,840, $1,822,
$1,809 and $1,787 mark respec vely. Key resistances are seen at $2,008, 2,020, 2,038 and $2,063 marks respec vely.
XAG/USD (Silver): Silver trades flat at $27.75 mark on Wednesday. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $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 Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 0.72596 S1 0.72170
Buy Above 0.72665
0.72975
0.72076
0.72076
0.71766
0.72665
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72727 S2 0.72039
R3 0.72940 S3 0.71826
R4 0.73284 S4 0.71482
Conclusion
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0.72383
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 1.19587 S1 1.18785
Buy Above 1.19745
1.20121
1.18874
1.18874
1.18434
1.19745
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.19835 S2 1.18537
R3 1.20236 S3 1.18136
R4 1.20885 S4 1.17487
Conclusion
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analysis@tpglobalfx.com
1.19186
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 1.32532 S1 1.31334
Buy Above 1.32826
1.33152
1.31698
1.31698
1.31422
1.32826
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32902 S2 1.30964
R3 1.33501 S3 1.30365
R4 1.34470 S4 1.29396
Conclusion
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analysis@tpglobalfx.com
1.31933
AUGUST,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.32139 S1 1.31529
Buy Above 1.31951
1.32224
1.31405
1.31405
1.31132
1.31951
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32328 S2 1.31340
R3 1.32633 S3 1.31035
R4 1.33127 S4 1.30541
Conclusion
+1 7754 366 970
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1.31834
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 105.868 S1 105.280
Buy Above 106.082
106.285
105.056
105.056
104.765
106.082
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.049 S2 105.099
R3 106.343 S3 104.805
R4 106.818 S4 104.330
Conclusion
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analysis@tpglobalfx.com
105.574
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 2012.60 S1 1982.42
Buy Above 2009.27
2018.62
1976.34
1976.34
1966.55
2009.27
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 2021.93 S2 1973.09
R3 2037.02 S3 1958.00
R4 S4 1933.58
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1997.51
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
2061.44
AUGUST,2020
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you!
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