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10 June, 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar trades marginally higher against major peers ahead of U.S. CPI results, Asian stock markets extremely up; gold stabilizes below $1,890 mark
Key Headlines:
• U.K. RICS House Price balance stands at 83 pct vs 76 pct previous release.
• Japan PPI stands at 4.9 pct vs 3.8 pct previous release.
• Australia MI infla on expecta ons stand at 4.4 pct vs 3.5 pct previous release.
• Japanese Prime Minister Yoshihide Suga’s administra on likely to compile a large-scale economic s mulus package before calling a snap elec on in September
– Nikkei News Paper.
• PBOC's Yi - Consumer infla on in China below 2%.
• PBoC’s Yi - China to keep yuan Exchange Rate basically stable.
• PBoC’s Yi - Expects China GDP Expansion to be close to its poten al growth rate.
• BOJ - Rising commodity prices reflect that the global recovery is pushing up a broad range of wholesale goods prices in Japan.
• Biden Revokes Trump Ac ons Targe ng TikTok, WeChat – Bloomberg.
• Biden Signs execu ve order requiring consumer data protec ons for Foreign Apps – Bloomberg.
• BOE's Haldane - This is `Dangerous Moment' for monetary policy.
Economic Data Ahead:
• (0645 GMT/1215 IST) France Industrial Produc on, previous 0.8, expected 0.5.
• (0800 GMT/1330 IST) Italy Industrial Produc on, previous -0.1, expected 0.3.
• (1145 GMT/1715 IST) Euro Interest Rate Decision, previous 0.00, expected 0.00.
• (1230 GMT/1800 IST) U.S. CPI, previous 0.8, expected 0.4.
• (1230 GMT/1800 IST) U.S. Core CPI, previous 0.9, expected 0.5.
• (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 385K, expected 370K.
• (1800 GMT/2330 IST) U.S. Federal Budget balance, previous -225.6B, expected -245.0B.
Economic Events Ahead:
• (1230 GMT/1800 IST) ECB Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.07% to 90.18 points.
AUD / USD
BUY SELL
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JUNE,
2
021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7740
R2 S2
0.7772
R3 S3
0.7799
R4
Commentary
S4
0.7827
Buy Above 0.7741
0.7767
0.7726
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7721
0.7699
0.7742
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie trades marginally higher on Thursday and remains well supported above
$0.7720 mark. The pair made intraday high at $0.7736 and low at $0.7722 mark. A day chart is
slightly bullish but likely to give crossover while H1 chart with triple EMA has confirmed the
bearish trend for the time being. A sustained close above $0.7740 on H1 chart requires for the
upside rally. Alternatively, a consistent close below $0.7720 will check further supports.
0.7720
0.7702
0.7680
0.7650
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2180
R2 S2
1.2199
R3 S3
1.2224
R4
Commentary
S4
1.2248
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-
Time Frame: H1
EUR/USD: The euro trades slightly lower ahead of ECB’s Interest Rate Decision. Today pair made
intraday high at $1.2180 and low at $1.2166. Today triple EMA on a day chart is up but H1 chart
suggests bearish trend for the time being. A consistent close above $1.2180 on H1 chart requires
for the upside rally. Alternatively, a sustained close below $1.2158 on H1 chart will check further
supports.
EUR / USD
1.2158
1.2122
1.2100
1.2080
Buy Above 1.2182
1.2204
1.2162
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2152
1.2121
1.2177
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4140
R2 S2
1.4163
R3 S3
1.4190
R4
Commentary
S4
1.4224
Buy Above 1.4142
1.4175
1.4121
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4097
1.4070
1.4130
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling falls noticeably on Thursday and hovers around $1.4100 mark. The pair
made intraday high at $1.4124 and low at $1.4106 mark. A day chart is up but H1 chart with triple
EMA suggests bearish trend for the time being. A sustained close above $1.4140 on H1 chart will
check key resistances. Alternatively, a consistent close below $1.4087 will check further supports.
USD
1.4087
1.4065
1.4038
1.4010
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021
BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2121
R2 S2
1.2148
R3 S3
1.2176
R4
Commentary
S4
1.2222
Buy Above 1.2122
1.2149
1.2100
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2095
1.2068
1.2119
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar remained highly volatile in previous session after BOC’s Cash
Rate Decision. There was not any surprise in Policy Statement as expected by the traders and
took it as dovish stance. Today pair made intraday high at 1.2123 and low at 1.2104 mark. Today
a day chart is bearish while H1 chart with triple EMA suggests bullish trend for the time being. A
sustained close above 1.2121 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2062 on H1 chart will check key supports too.
USD /CAD
1.2090
1.2061
1.2038
1.2000
JUNE,
2
021
BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
109.70
R2 S2
109.94
R3 S3
110.32
R4
Commentary
S4
110.78
Buy Above 109.68
109.91
109.38
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.32
109.04
109.57
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged despite higher than expected PPI data.
The pair made intraday high at 109.67 and low at 109.51 mark. The triple EMA on a day chart and
H1 chart suggests bullish trend for the time being. A sustained close above 109.70 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 109.40 on H1 will check further
key supports.
USD /JPY
109.40
109.00
108.76
108.38
JUNE,
2
021
BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1892
R2 S2
1897
R3 S3
1902
R4
Commentary
S4
1907
Buy Above 1890
1896
1883
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1881
1875
1889
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
XAU/USD (GOLD): Gold weakened in previous session in the absence of key economic indicators
from the U.S. Today gold trades in narrow range ahead of U.S.’s CPI and Core CPI data. High
volatility above $15 is expected during the data release. Today the pair made intraday high at
$1,889 and low $1,884 mark. A day chart is up while H1 chart with triple EMA confirms bearish
trend for the time being. A sustained close above $1,892 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $1,882 will check further supports
XAU [GOLD]
USD
/
1882
1876
1872
1864
JUNE,
2
021
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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