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Asian Bulle n: Japanese yen hits fresh 2 – week high at 106.92 mark, Asian stock markets extremely down; gold hovers around $1,800 mark
Asian Headlines:
• Japan PPI y/y stands at -1.6 pct vs -2.8 pct previous released (expected -2.0).
• Japan PPI m/m stands at -0.5 vs 0.6 pct previous release (expected 0.4).
Economic Data Ahead:
• (0245 ET/0645 GMT) France industrial produc on, previous -20.1, expected 15.2 pct.
• (0400 ET/0800 GMT) Italy industrial produc on, previous -19.1, expected 23.5 pct.
• (0830 ET/1230 GMT) Canada employment change, previous 289.6K, expected 700.0K.
• (0830 ET/1230 GMT) Canada unemployment rate, previous 13.7, expected 12.0.
• (0830 ET/1230 GMT) U.S. PPI m/m, previous 0.4, expected 0.4.
• (0830 ET/1230 GMT) U.S. core PPI m/m, previous -0.1, expected 0.1.
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 0.17% to 96.86.
USD/JPY: The Japanese yen rises in early Asia on robust PPI data. A sustained close above 107.51 will take the parity higher towards key resistance
around 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 106.84 will drag the parity down
towards 106.51, 106.22, 105.98 and 104.20 marks respec vely.
AUD/USD: The Aussie trades marginally lower against U.S. dollar and stabilizes below $0.6950 mark. The pair made intraday high at $0.6965 and low
at $0.6935 marks. On the top side key resistances are seen at $0.7002, $0.7040 and $0.7066 mark respec vely. On the other hand, a consistent close
below $0.6945 will take the parity down towards key supports around $0.6928, $0.6833, $0.6799, $0.6760, $0.6722 and $0.6698 mark respec vely.
NZD/USD: The kiwi trades almost flat against U.S. dollar and hovers around $0.6550 mark in early Asia. Pair made intraday high at $0.6571 and low at
$0.6546 mark. Key resistances are seen at $0.6597, $0.6620 and $0.6665 mark respec vely. Alterna vely, a consistent close below $0.6545 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 no ceably lower against U.S. dollar and jumps above 75.00 mark. The pair made intraday high at 75.01 and low at
74.89. A sustained close below 74.36 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 75.02, 75.52, 75.65, 76.24, 76.48 and 76.88 marks respec vely.
EUR/USD: The euro falls sharply against U.S. dollar and slips back below $1.13 mark. The pair made intraday high at $1.290 and low at $1.1268 mark. A
sustained close above $1.1330 tests key resistances at $1.1372, $1.1422, $1.1448 and $1.1476 mark respec vely. On the other side, a sustained close
below $1.1272 will target key supports around $1.1240, $1.1190, $1.1157, $1.1134 and $1.1067 marks respec vely.
GBP/USD: The pound trades flat against U.S. dollar and hovers around $1.2600 mark. A sustained close above $1.2609 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 $1.2572, $1.2540, $1.2457, $1.2422, $1.2342,
$1.2297, $1.2247, $1.2204 and $1.2160 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold remained vola le in previous session. Today pair made intraday high at $1,804 and low at $1,799 mark. A sustained close
above $1,809 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,790,
$1,784, $1,770, $1,754, $1,748, $1,740, $1,732, $1,722 and $1,718 mark respec vely. Key resistances are seen at $1,817, $1,824, $1,832 and $1,842
mark respec vely.
XAG/USD (Silver): Silver trades flat at $18.60 mark in early Asia. A sustained close above $18.72 requires for upside rally. Key support levels are seen at
$18.62, $18.48, $18.18, $18.02, $17.92 and $17.80 respec vely. Key resistances are seen at $18.72, $18.87, $18.94, $19.00, $19.10 and $19.32 marks
respec vely.
AUD / USD
REPORTFROM:TPGLOBALFXJULY,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 0.69904 S1 0.69514
Buy Above 0.69763
0.69933
0.69174
0.69174
0.69010
0.69763
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.70024 S2 0.69394
R3 0.70219 S3 0.69199
R4 0.70534 S4 0.68884
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.69709
EUR / USD
REPORTFROM:TPGLOBALFX2020
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 1.13564 S1 1.13178
Buy Above 1.13228
1.13471
1.12530
1.12530
1.12350
1.13228
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.13684 S2 1.13058
R3 1.13877 S3 1.12865
R4 1.14190 S4 1.12552
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.13371
JULY,
GBP / USD
REPORTFROM:TPGLOBALFX2020
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 1.26515 S1 1.25943
Buy Above 1.26317
1.26602
1.25659
1.25659
1.25343
1.26317
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.26692 S2 1.25766
R3 1.26978 S3 1.25480
R4 1.27441 S4 1.25017
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.26229
JULY,
USD /CAD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.35957 S1 1.35167
Buy Above 1.36243
1.36464
1.35419
1.35419
1.35168
1.36243
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.36201 S2 1.34923
R3 1.36596 S3 1.34528
R4 1.37235 S4 1.33889
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.35562
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
JULY,
USD /JPY
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 107.341 S1 107.111
Buy Above 107.281
107.387
106.792
106.792
106.639
107.281
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 107.411 S2 107.041
R3 107.526 S3 106.926
R4 107.711 S4 106.741
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
107.226
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
JULY,
XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX2020
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1812.38 S1 1796.94
Buy Above 1813.52
1817.92
1795.77
1795.77
1788.96
1813.52
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1817.14 S2 1792.18
R3 1824.86 S3 1784.46
R4 S4 1771.98
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1804.66
Trends Neutral Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1837.34
JULY,
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you!
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