News and Events
The yen and the US dollar retreated in the Asian session after a better than expected Australian GDP number and an improvement in the Chinese manufacturing PMI. Usd/jpy rose from 83.75 to trade as high as 84.50 after risk appetite picked up; Nikkei225 gaining 0.55% . The Australian dollar rose close to 1% on the day after the GDP release as it is evident that the Australian economy is still going strong. Sterling also gained as it rose from 1.5330 to 1.5365. Traders are now focused on the German retail sales, the US ADP employment report and the US ISM Manufacturing PMI for more clues about the global economy.
Technical Analysis
|
|
EUR/USD
|
GBP/USD
|
EUR/GBP
|
USD/JPY
|
EUR/JPY
|
USD/CAD
|
DOW cfd
|
|
Res. 2
|
1.2755
|
1.5475
|
0.8320
|
85.20
|
108.00
|
1.0740
|
10210
|
|
Res. 1
|
1.2720
|
1.5440
|
0.8285
|
84.85
|
107.75
|
1.0665
|
10100
|
|
Market
|
1.2690
|
1.5370
|
0.8255
|
84.45
|
107.20
|
1.0635
|
10075
|
|
Sup. 1
|
1.2665
|
1.5330
|
0.8230
|
84.00
|
106.60
|
1.0585
|
10000
|
|
Sup. 2
|
1.2625
|
1.5260
|
0.8175
|
83.85
|
106.20
|
1.0515
|
9930
|
USDCAD 4h chart
The pair has found heavy resistance at 1.0665. A 4h close above that level could lead to more gains towards 1.0740 and then 1.0850
Disclaimer
This research report or summary has been prepared by TFI Markets from information believed to be reliable. Such information has not been independently verified and no guarantee, representation or warranty, express or implied, is made as to its accuracy, completeness or correctness. This report is provided for information purposes only. Nothing in this report should be considered to constitute investment advice. It is not intended, and should not be considered, as an offer, invitation, solicitation or recommendation to buy or sell any of the financial instruments described herein. TFI Markets accepts no liability whatsoever for any direct or consequential loss arising from the use of this document or its contents.
Disclaimer
This research report or summary has been prepared by TFI Markets from information believed to be reliable. Such information has not been independently verified and no warranty, representation or warranty, express or implied, is made as to its accuracy, completeness or correctness. This report is provided for information purposes only. Nothing in this report should be considered to constitute investment advice. It is not intended, and should not be considered, as an offer, invitation, solicitation or recommendation to buy or sell any of the financial instruments described herein. TFI Markets accepts no liability whatsoever for any direct or consequential loss arising from the use of this document or its contents.
|
