2. +1 7754 366 970
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Asian Bulle n: Aussie depreciates dras cally a er RBA Governor Lowe’s comments on interest rate; Asian stock markets in red; gold hovers around $1,900 mark
Asian Headlines:
• RBA Governor Lowe: Possible to cut rates down to 10 basis points.
• RBA Governor Lowe: Australian 10 year yields are among highest in developed world.
• Australia MI infla on expecta on stands at 3.4 pct vs 3.1 pct previous release.
• Australia employment change stands at -29.5K vs 129.1K previous release (expected -38.0K).
• Australia unemployment rate stands at 6.9 pct vs 6.8 pct previous release (expected 7.0).
• China CPI stands at 1.7 pct vs 2.4 pct previous release (expected 1.9).
• China PPI stands at -2.1 pct vs -2.0 pct previous release (expected -1.9).
• South Korea trade balance stands at 8.70B vs 8.88B previous release.
Economic Data Ahead:
• (0230 ET/0630 GMT) Swiss PPI, previous -0.4, expected 0.2.
• (0245 ET/0645 GMT) France final CPI, previous -0.5, expected -0.5.
• (0830 ET/1230 GMT) U.S. Philly Fed manufacturing index, previous 15.0, expected 14.4.
• (0830 ET/1230 GMT) U.S. unemployment claims weekly, previous 840K, expected 810K.
• (0830 ET/1230 GMT) U.S. empire state manufacturing index, previous 17.0, expected 13.9.
• (0830 ET/1230 GMT) U.S. import prices, previous 0.9, expected 0.3.
• (0930 ET/1330 GMT) U.K. CB leading index, previous -0.3.
Economic Events Ahead:
• (0430 ET/0830 GMT) U.K. BOE Credit Condi on Survey.
• (0900 ET/1300 GMT) U.K. MPC member Cunllife’s speech.
• (0945 ET/1345 GMT) Canada Governor Council member Lane’s speech.
• (1100 ET/1500 GMT) U.S. FOMC member Kaplan’s speech.
• (1100 ET/1500 GMT) U.S. FOMC member Quarles’s speech.
• (1200 ET/1600 GMT) ECB President Lagarde’s speech.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.03% to 93.43 points.
USD/JPY: The Japanese yen trades marginally lower on Thursday and hovers around 105.30 mark. A sustained close above 106.01 will take the parity higher towards key
resistance around 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 falls no ceably in early Asia a er RBA Governor Lowe’s speech. The pair made intraday high at $0.7170 and low at $0.7124 marks. On the top side
key resistances are seen at $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 $0.7126 will take the parity down towards key supports around $0.7090, $0.7068, $0.7002, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark
respec vely.
NZD/USD: The kiwi falls slightly in early Asia and consolidates around $0.6650 mark. Pair made intraday high at $0.6662 and low at $0.6640 mark. Key resistances are
seen at $0.6673, $0.6710, $0.6749, $0.6789, $0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6644 will drag the parity down
towards key supports around $0.6627, $0.6570, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee rises gradually on Thursday and trading around 73.20 mark. The pair made intraday high at 73.28 and low at 73.21 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 73.36, 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 Thursday ahead of EU Economic Summit. The pair made intraday high at $1.1755 and low at $1.1740 mark. A sustained close above
$1.1810 tests key resistances at $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
$1.1740 will target key supports around $1.1690, $1.1660, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The pound moves remains almost unchanged on Thursday and stabilizes above $1.3000 mark. Today pair made intraday high at $1.3030 and low at $1.3005
mark. A sustained close above $1.3063 will drag the parity up towards $1.3092, $1.3122, $1.3154 and $1.3182 mark respec vely. Key support levels are seen at $1.3002,
$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 remained highly vola le on previous session and currently hovers around $1,900 mark. Today pair made intraday high at $1,902 and low at
$1,892 mark. A sustained close above $1,902 requires for the upside rally. On the other side, consistent close below $1,892 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 exhibits range bound movement and stabilizes above $24.00 mark. Today pair made intraday high at $24.30 and low at $23.98 mark. A sustained
close above $25.10 requires for upside rally. Key support levels are seen at $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 0.71801 S1 0.71585
Buy Above 0.71720
0.71899
0.71143
0.71143
0.71014
0.71720
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.71869 S2 0.71517
R3 0.71977 S3 0.71409
R4 0.72153 S4 0.71233
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.71693
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 1.17645 S1 1.17253
Buy Above 1.17715
1.17986
1.17194
1.17194
1.16966
1.17715
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.17766 S2 1.17132
R3 1.17962 S3 1.16936
R4 1.18279 S4 1.16619
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.17449
OCTOBER,2020
5. GBP / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RIS (Period=26) Above RIS LEVEL 50
FIBO Levels PIVOT
R1 1.30558 S1 1.29020
Buy Above 1.30874
1.31357
1.29537
1.29537
1.29147
1.30874
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31033 S2 1.28545
R3 1.31802 S3 1.27776
R4 1.33046 S4 1.26532
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.29789
OCTOBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.31611 S1 1.31251
Buy Above 1.31672
1.31840
1.31136
1.31136
1.30973
1.31672
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31721 S2 1.31141
R3 1.31901 S3 1.30961
R4 1.32191 S4 1.30671
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.31431
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 105.416 S1 105.050
Buy Above 105.603
105.750
105.015
105.015
104.875
105.603
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 105.530 S2 104.936
R3 105.713 S3 104.753
R4 106.010 S4 104.456
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
105.233
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 1910.43 S1 1887.15
Buy Above 1909.49
1917.51
1881.56
1881.56
1873.88
1909.49
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1917.61 S2 1879.97
R3 1929.25 S3 1868.33
R4 S4 1849.51
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1898.79
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1948.07
OCTOBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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