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Asian Bulle n: U.S. dollar trades almost flat against major peers ahead of U.S. retail sales data; Most Asian stock markets in red; gold flat
Asian Headlines:
• New Zealand business manufacturing index stands at 54.0 vs 51.0 previous release.
• South Korea export price index stands at -6.2 pct vs -6.7 pct previous release.
• South Korea import price index stands at -11.5 pct vs -10.5 pct previous release.
• Singapore non – oil exports m/m stands at -11.3 pct vs 10.5 pct previous release.
• Singapore trade balance stands at 3.100B vs 5.800B previous release.
Economic Data Ahead:
• (0500 ET/0900 GMT) Euro Final CPI, previous -0.3, expected -0.3.
• (0500 ET/0900 GMT) Euro Final Core CPI, previous 0.2, expected 0.2.
• (0500 ET/0900 GMT) Euro Trade balance, previous 20.3B, expected 18.1B.
• (0830 ET/1230 GMT) Canada manufacturing sales, previous 7.0, expected -1.4.
• (0830 ET/1230 GMT) U.S. retail sales, previous 0.6, expected 0.7.
• (0830 ET/1230 GMT) U.S. core retail sales, previous 0.7, expected 0.4.
• (0915 ET/1315 GMT) U.S. Capacity u liza on rate, previous 71.4, expected 72.1.
• (0915 ET/1315 GMT) U.S. Industrial produc on, previous 0.4, expected 0.6.
• (1000 ET/1400 GMT) U.S. Prelim UoM consumer sen ment, previous 80.4, expected 80.2.
Economic Events Ahead:
• All day IMF Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.04% to 93.82 points.
USD/JPY: The Japanese yen exhibits range bound movement and currently trading around 105.30 mark. A sustained close above 105.40 will take the parity higher
towards key resistance around 105.70, 106.22, 106.92, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below
105.16 will drag the parity down towards 104.92, 104.55, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie depreciates remarkably and slips below $0.71 mark. The pair made intraday high at $0.7098 and low at $0.7074 marks. On the top side key
resistances are seen at $0.7122, $0.7190, $0.7222, $0.7240, $0.7290, $0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a
consistent close below $0.7092 will take the parity down towards key supports around $0.7056, $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark
respec vely.
NZD/USD: The kiwi trades marginally lower and stabilizes below $0.66 mark. Pair made intraday high at $0.6606 and low at $0.6591 mark. Key resistances are seen at
$0.6621, $0.6673, $0.6710, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6597 will drag the parity down
towards key supports around $0.6576, $0.6527, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee consolidates around 73.37 mark against U.S. dollar. The pair made intraday high at 73.37 and low at 73.31 mark. A sustained close below
72.87 marks will drag the parity down towards 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.37, 73.57, 73.76, 74.10, 74.37,
74.70, 75.02, 75.20 and 75.39 marks respec vely.
EUR/USD: The euro trades flat on Friday and hovers around $1.17 mark. The pair made intraday high at $1.1715 and low at $1.1700 mark. A sustained close above
$1.1750 tests key resistances at $1.1810, $1.1876, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close
below $1.1700 will target key supports around $1.1688, $1.1662, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound falls extremely in previous session and slips below $1.29 mark. Today pair made intraday high at $1.2909 and low at $1.2886 mark. A sustained
close above $1.2902 will drag the parity up towards $1.2932, $1.2976, $1.3040, $1.3092, $1.3122, $1.3154 and $1.3182 mark respec vely. Key support levels are seen at
$1.2950, $1.2912, $1.2854, $1.2822, $1.2752, $1.2723, $1.2675, $1.2632, $1.2602 and $1.2570 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades flat on Friday and remains well supported above $1,900 mark. Today pair made intraday high at $1,910 and low at $1,904 mark. A
sustained close above $1,908 requires for the upside rally. On the other side, consistent close below $1,891 will check key supports as well. Key support levels are seen
around $1,882, $1,876, $1,864, $1,857, $$1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1902, $1,918, $1,922, $1,932,
$1,940, $1,947, $1,957 and $1,972 marks respec vely.
XAG/USD (Silver): Silver remained vola le in previous session and consolidates around $24.26 mark. Today pair made intraday high at $24.41 and low at $24.18 mark. A
sustained close above $25.10 requires for upside rally. Key support levels are seen at $24.12, $23.87, $23.22, $22.90, $22.77, $22.40, $22.12, $21.90, $21.68, $21.22,
$20.50 and $20.02 marks respec vely. Key resistances are seen at $24.52, $24.76, $25.10, $25.53, $25.81 and $25.94 marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXOCTOBER,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 0.71487 S1 0.70625
Buy Above 0.71202
0.71514
0.70467
0.70467
0.70191
0.71202
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71754 S2 0.70358
R3 0.72185 S3 0.69927
R4 0.72883 S4 0.69229
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71056
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 1.17437 S1 1.16907
Buy Above 1.17446
1.17646
1.16787
1.16787
1.16611
1.17446
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.17601 S2 1.16743
R3 1.17866 S3 1.16478
R4 1.18295 S4 1.16049
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.17172
OCTOBER,2020
5. GBP / 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 1.29939 S1 1.28875
Buy Above 1.29700
1.30024
1.28584
1.28584
1.28260
1.29700
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.30268 S2 1.28546
R3 1.30800 S3 1.28014
R4 1.31661 S4 1.27153
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.29407
OCTOBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.32533 S1 1.31597
Buy Above 1.32656
1.33049
1.31457
1.31457
1.31095
1.32656
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.32823 S2 1.31307
R3 1.33291 S3 1.30839
R4 1.34049 S4 1.30081
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.32065
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
OCTOBER,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.483 S1 105.155
Buy Above 105.527
105.668
105.015
105.015
104.875
105.527
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.585 S2 105.053
R3 105.749 S3 104.889
R4 106.015 S4 104.623
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
105.319
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
OCTOBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1909.57 S1 1894.81
Buy Above 1913.70
1919.74
1890.73
1890.73
1884.95
1913.70
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1014.12 S2 1890.23
R3 1921.51 S3 1882.87
R4 S4 1870.93
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1902.19
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
1933.45
OCTOBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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