News and Events
A very quiet day in the Asian session as the US dollar retained most of its losses from the previous day when better than expected economic data increased investors’ risk appetite thus dumping the dollar. Equities gained across the globe on Wednesday after the US and the Chinese manufacturing sectors grew more than expected and Australia’s economy expanded at its fastest pace in three years. Traders may not be willing to open new positions ahead of the ECB’s meeting on Thursday and the Non-farm payrolls report on Friday. The ECB is expected to keep the benchmark refinancing rate at 1%.
Technical Analysis
|
|
EUR/USD
|
GBP/USD
|
EUR/GBP
|
USD/JPY
|
EUR/JPY
|
USD/CAD
|
DOW cfd
|
|
Res. 2
|
1.2855
|
1.5570
|
0.8360
|
84.90
|
108.60
|
1.0660
|
10340
|
|
Res. 1
|
1.2815
|
1.5490
|
0.8330
|
84.65
|
108.25
|
1.0570
|
10280
|
|
Market
|
1.2790
|
1.5445
|
0.8285
|
84.20
|
107.70
|
1.0540
|
10240
|
|
Sup. 1
|
1.2740
|
1.5420
|
0.8255
|
83.85
|
107.00
|
1.0500
|
10215
|
|
Sup. 2
|
1.2685
|
1.5360
|
0.8230
|
83.55
|
106.80
|
1.0475
|
10100
|
AUDUSD 4h chart
The pair is on uptrend and any retracement should be limited to 0.9030 area support
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.
|
