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Asian Bulle n: Kiwi remains vola le as RBNZ stands pat; Asian stock markets mixed; gold touches $1,882 mark in Asian hours
Asian Headlines:
• New Zealand keeps its official cash rate unchanged at 0.25 pct.
• Australia manufacturing PMI stands at 55.5 vs 53.6 previous release.
• Australia services PMI stands at 50.0 vs 49.0 previous release.
• Australia retail sales stand at -4.2 vs 3.2 pct previous release.
• Japan manufacturing PMI stands at 47.3 vs 47.2 previous release.
• Japan services PMI stands at 45.6 vs 45.0 previous release.
Economic Data Ahead:
• (0200 ET/0600 GMT) German GFK Consumer climate, previous -1.8, expected -1.0.
• (0315 ET/0715 GMT) France services PMI, previous 51.5, expected 52.2 pct.
• (0315 ET/0715 GMT) France manufacturing PMI, previous 49.8, expected 50.6.
• (0330 ET/0730 GMT) German services PMI, previous 52.5, expected 53.0.
• (0330 ET/0730 GMT) German manufacturing PMI, previous 52.2, expected 52.0.
• (0400 ET/0800 GMT) Swiss economic expecta ons, previous 45.6.
• (0400 ET/0800 GMT) Euro services PMI, previous 50.5, expected 51.0.
• (0400 ET/0800 GMT) Euro manufacturing PMI, previous 51.7, expected 51.5.
• (0430 ET/0830 GMT) U.K. services PMI, previous 58.8, expected 57.0.
• (0430 ET/0830 GMT) U.K. manufacturing PMI, previous 55.2, expected 54.3.
• (0900 ET/1300 GMT) U.S. HPI, previous 0.9, expected 0.4.
• (0945 ET/1345 GMT) U.S. services PMI, previous 55.0, expected 54.5.
• (0945 ET/1345 GMT) U.S. manufacturing PMI, previous 53.1, expected 52.5.
Economic Events Ahead:
• (0900 ET/1300 GMT) FOMC member Mester’s speech.
• (1000 ET/1400 GMT) Fed Chair Powell’s Tes mony.
• (1400 ET/1800 GMT) FOMC member Quarles’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.18% to 94.16.
USD/JPY: The Japanese yen trades marginally lower and jumps back above 105.00 mark. A sustained close above 104.92 will take the parity higher towards key resistance
around 105.40, 105.90, 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 104.92 will drag
the parity down towards 104.55, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie falls gradually against U.S. dollar and slips below $0.7150 mark in early Asia. The pair made intraday high at $0.7177 and low at $0.7115 marks. On
the top side key resistances are seen at $0.7176, $0.7222, $0.7290, $0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent
close below $0.7158 will take the parity down towards key supports around $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi rises immediately a er RBNZ’s cash rate decision. Pair made intraday high at $0.6667 and low at $0.6598 mark. Key resistances are seen at $0.6749,
$0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6622 will drag the parity down towards key supports around
$0.6598, $0.6547, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee moves in s ff boundaries against U.S. dollar. The pair made intraday high at 73.61 and low at 73.50 mark. A sustained close below 73.02
marks will drag the parity down towards 72.88, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.57, 73.77, 74.10, 74.37, 74.70,
75.02, 75.20 and 75.39 marks respec vely.
EUR/USD: The euro falls on Wednesday and slips below $1.17 mark. The pair made intraday high at $1.1710 and low at $1.1674 mark. A sustained close above $1.1707
tests key resistances at $1.1770, $1.1837, $1.1936, $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a sustained close below
$1.1707 will target key supports around $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound trades almost flat in Asian hours and hovers around $1.2710 mark. A sustained close above $1.2973 will drag the parity up towards $1.3002,
$1.3070, $1.3102, $1.3148, $1.3210, $1.3276, $1.3350, $1.3382, $1.3422, $1.3442 and $1.3515 mark respec vely. Key support levels are seen at $1.2695, $1.2662 and
$1.2620 mark respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold falls sharply as Fed Chair Powell’s tes mony is going on and today is 2nd day of it. Today pair made intraday high at $1,905 and low at $1,882
mark. A sustained close above $1,975 requires for the upside rally. On the other side, consistent close below $1,900 will check key supports as well. Key support levels
are seen around $1,882, $1,870, $1,862, $1,849, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,922, $1,932, $1,940, $1,947,
$1,957, $1,972, $1,982, $1,994, $2,008, 2,020, 2,038 and $2,063 marks respec vely.
XAG/USD (Silver): Silver depreciates in Asian hours and slips below $24.00 mark. A sustained close above $29.13 requires for upside rally. Key support levels are seen at
$23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $23.90, $24.40, $24.76, $25.53, $26.22, $26.75, $27.04, $27.22, $27.70 and $28.12 marks
respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXSEPTEMBER,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 0.72168 S1 0.71548
Buy Above 0.72248
0.72548
0.70959
0.70959
0.70747
0.72248
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.72359 S2 0.71357
R3 0.72669 S3 0.71047
R4 0.73170 S4 0.70546
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71858
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 1.17543 S1 1.16917
Buy Above 1.17653
1.17909
1.16649
1.16649
1.16398
1.17653
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.17736 S2 1.16724
R3 1.18049 S3 1.16411
R4 1.18555 S4 1.15905
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.17230
SEPTEMBER,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 1.28308 S1 1.27114
Buy Above 1.28486
1.29020
1.26944
1.26944
1.26563
1.28486
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.28678 S2 1.26744
R3 1.29275 S3 1.26147
R4 1.30242 S4 1.25180
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.27711
SEPTEMBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.33332 S1 1.32860
Buy Above 1.33431
1.33694
1.32632
1.32632
1.32373
1.33431
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.33479 S2 1.32713
R3 1.33715 S3 1.32477
R4 1.34098 S4 1.32094
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.33096
Trend Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
SEPTEMBER,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 105.060 S1 104.548
Buy Above 105.347
105.604
104.476
104.476
104.185
105.347
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.219 S2 104.389
R3 105.475 S3 104.133
R4 105.890 S4 103.718
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
104.804
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
SEPTEMBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1914.46 S1 1895.14
Buy Above 1916.90
1924.73
1876.85
1876.85
1866.84
1916.90
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1920.44 S2 1889.16
R3 1930.10 S3 1879.50
R4 S4 1863.86
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1904.80
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1945.74
SEPTEMBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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