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Showing posts from July, 2020

Latest Forex Market Technical Update 31st July 20

Forex Majors today's review EURUSD CMP : 1.1889 Composite Strength Meter Suggests : 91% Buy Trend : Strong Buy Entry Levels : 1.1832, 1.1780 Profit Booking Levels : 1.1940, 1.1980 Stop Loss: 4H candle closing below 1.1600 AUDUSD CMP : 0.7182 Composite Strength Meter Suggests : 92% Buy Trend : Strong Buy Entry Levels : 0.7160, 0.7120 Profit Booking Levels : 0.7230, 0.7270 Stop Loss: 4H candle closing below 0.6970 NZDUSD CMP : 0.6685 Composite Strength Meter Suggests : 86% Buy Trend : Strong Buy Entry Levels : 0.6650, 0.6620 Profit Booking Levels : 0.6710, 0.6740 Stop Loss: 4H candle closing below 0.6500 GBPUSD CMP : 1.3128 Composite Strength Meter Suggests : 82% Buy Trend : Strong Buy Entry Levels : 1.3025, 1.2980 Profit Booking Levels :  1.3175, 1.3230 Stop Loss: 1H closing below 1.2850 USDJPY CMP : 104.30 Composite Strength Meter Suggests : 89% Sell Trend : Strong Sell Entry Levels : 104.80-105.20 Profit Booking Levels : 103.78, 103.57 Stop Loss: 4H candle closing above 106.50 USD

Latest Market Update 30th July 2020

Forex Majors today's review EURUSD CMP : 1.1780 Composite Strength Meter Suggests : 91% Buy Trend : Strong Buy Entry Levels : 1.1755, 1.1731 Profit Booking Levels : 1.1797, 1.1821 Stop Loss: 4H candle closing below 1.1500 AUDUSD CMP : 0.7182 Composite Strength Meter Suggests : 82% Buy Trend : Strong Buy Entry Levels : 0.7170, 0.7150 Profit Booking Levels : 0.7217, 0.7238 Stop Loss: 4H candle closing below 0.6970 NZDUSD CMP : 0.6656 Composite Strength Meter Suggests : 81% Buy Trend : Strong Buy Entry Levels : CMP, 0.6636, 0.6620 Profit Booking Levels : 0.6670, 0.6690, 0.6720 Stop Loss: 4H candle closing below 0.6500 GBPUSD CMP : 1.2990 Composite Strength Meter Suggests : 67% Buy Trend : Mild Buy Entry Levels : 1.2950, 1.2926 Profit Booking Levels :  1.3043, 1.3090 Stop Loss: 1H closing below 1.2850 USDJPY CMP : 105.01 Composite Strength Meter Suggests : 89% Sell Trend : Strong Sell Entry Levels : CMP, 105.30, 105.50 Profit Booking Levels : 104.78, 104.57 Stop Loss: 4H candle closing

Financial Markets developments since last 12 hours

Forex news for Asia trading Wednesday 29 July 2020 USD/JPY seen to as low as 102 in 1 to 2 months Australian inflation data - Q2 CPI, headline -1.9% q/q (expected -2.0%) PBOC sets USD/ CNY reference rate for today at 6.9969 (vs. yesterday at 6.9895) Further coronavirus restriction in Australia - tighter border closure Fitch on Japan: Affirms rating at 'A' , but lowers its outlook to negative FOMC announcement due Wednesday 29 July 2020 Japan press say the government will forecast a 4.5% GDP contraction for FY2020/21 Russia expected to approve a coronavirus vaccine within 2 weeks - 'Sputnik moment' ICYMI - Reports that HK is set to announce deferment of election scheduled for Sept 6 China's latest new cases number of COVID-19 are the highest since March Air New Zealand freezes bookings to Australia until late August Australian Foreign Minister Marise Payne says has no intention of hurting relationship with China Gold around $2,000 - this may be the “new normal” Furth

Latest Market Updates 29th July 2020

Forex Majors today's review EURUSD CMP : 1.1729 Composite Strength Meter Suggests : 85% Buy Trend : Strong Buy Entry Levels : 1.1692, 1.1664 Profit Booking Levels : 1.1773, 1.1811 Stop Loss: 4H candle closing below 1.1500 AUDUSD CMP : 0.7165 Composite Strength Meter Suggests : 87% Buy Trend : Strong Buy Entry Levels : 0.7121, 0.7092 Profit Booking Levels : 0.7190, 0.7220 Stop Loss: 4H candle closing below 0.6970 NZDUSD CMP : 0.6651 Composite Strength Meter Suggests : 81% Buy Trend : Strong Buy Entry Levels : CMP, 0.6627, 0.6600 Profit Booking Levels : 0.6690, 0.6733, 0.6773 Stop Loss: 4H candle closing below 0.6500 GBPUSD CMP : 1.2928 Composite Strength Meter Suggests : 67% Buy Trend : Mild Buy Entry Levels : 1.2875, 1.2800 Profit Booking Levels :  1.2985, 1.3025 Stop Loss: 1H closing below 1.2760 USDJPY CMP : 105.08 Composite Strength Meter Suggests : 89% Sell Trend : Strong Sell Entry Levels : 105.50, 105.90 Profit Booking Levels : 104.90, 104.50 Stop Loss: 4H candle closing abov

Financial Market Updates of last 12 hours

Forex news for Asian trading on July 28, 2020 Gold and silver continue to climb in Asian morning trade Gold, silver - The US Mint says it has reduced gold and silver coin supplies to purchasers Global Times says Australian iron ore can’t prop up souring economic ties with Beijing Pelosi says still hopes to come to a compromise agreement with Republicans on coronavirus economic relief bill Japan data - PPI Services for June: 0.8% y/y (expected 0.8%) Australian data - ANZ Roy Morgan Consumer Confidence Index: 89.0 (prior 90.7) New Zealand has suspended its extradition treaty with Hong Kong UK data - Lloyds Bank Business Barometer for July: -22 (prior -30) Japan’s biggest private life insurer is planning to buy more US corporate bonds Coronavirus - Google to keep most of its employees at home until July … 2021 Bitcoin has another big spurt higher, above $11,000 now US Senate Republican Leader McConnell: Cost of Republican coronavirus response bill about $1tln North Korean dictator Kim Jon

Latest Market Update 28th July 2020

Forex Majors today's review EURUSD CMP : 1.1756 Composite Strength Meter Suggests : 91% Buy Trend : Strong Buy Entry Levels : 1.1710, 1.1664 Profit Booking Levels : 1.1805, 1.1862 Stop Loss: 4H candle closing below 1.1500 AUDUSD CMP : 0.7167 Composite Strength Meter Suggests : 87% Buy Trend : Strong Buy Entry Levels : 0.7121, 0.7092 Profit Booking Levels : 0.7190, 0.7220 Stop Loss: 4H candle closing below 0.6970 NZDUSD CMP : 0.6690 Composite Strength Meter Suggests : 89% Buy Trend : Strong Buy Entry Levels : 0.6655, 0.6640 Profit Booking Levels : 0.6706, 0.6733, 0.6773 Stop Loss: 4H candle closing below 0.6500 GBPUSD CMP : 1.2888 Composite Strength Meter Suggests : 67% Buy Trend : Mild Buy Entry Levels : 1.2850, 1.2800 Profit Booking Levels : 1.2920, 1.2970 Stop Loss: 4H closing below 1.2600 USDJPY CMP : 105.31 Composite Strength Meter Suggests : 89% Sell Trend : Strong Sell Entry Levels : 105.50, 105.90 Profit Booking Levels : 104.90, 104.50 Stop Loss: 4H candle closing above 107.

Forex news for Asia trading Monday 27 July 2020

Gold's (nearly) 2 year rally finally takes out $1920 EUR/USD above fair value model - here's what'll cap the upside China June industrial profits up 11.5% y/y (prior +6.0%) Australian state of Victoria reports 532 new COVID-19 cases BOJ: Must watch impact of pandemic on the economy Japan Capex data for Q1, final: +0.1% y/y (preliminary was +4.3%) White House says agreement 'in principle' reached on the next coronavirus economic rescue bill Latest COVID-19 numbers out of Texas, case growth slowing, deaths rising Gold back above US $1,905 as the new week opens Germany says no to Trump's proposal to allow Russia back into the G7 Tokyo metropolitan government reported 239 new cases of coronavirus infection on Sunday EU €750bn Recovery Fund Italy worried money will not come soon enough to avert an autumn liquidity squeeze UK new coronavirus rule announced on Saturday - travellers from Spain get 14 days quarantine German state premier says coronavirus second wave trou

Market's Latest Update 27th July 2020

Forex Majors today's review EURUSD CMP : 1.1688 Composite Strength Meter Suggests : 92% Buy Trend : Strong Buy Entry Levels : 1.1631, 1.1600, 1.1570 Profit Booking Levels : 1.1710, 1.1760 Stop Loss: 4H candle closing below 1.1400 AUDUSD CMP : 0.7118 Composite Strength Meter Suggests : 81% Buy Trend : Strong Buy Entry Levels : CMP, 0.7100, 0.7075 Profit Booking Levels : 0.7160, 0.7217 Stop Loss: 4H candle closing below 0.6970 NZDUSD CMP : 0.6663 Composite Strength Meter Suggests : 78% Buy Trend : Strong Buy Entry Levels : CMP, 0.6637, 0.6619 Profit Booking Levels : 0.6694, 0.6722 Stop Loss: 4H candle closing below 0.6500 GBPUSD CMP : 1.2821 Composite Strength Meter Suggests : 66% Buy Trend : Mild Buy Entry Levels : CMP, 1.2770, 1.2740 Profit Booking Levels : 1.2860, 1.2900 Stop Loss: 4H closing below 1.2500 USDJPY CMP : 105.83 Composite Strength Meter Suggests : 87% Sell Trend : Strong Sell Entry Levels : 106.20-106.50 Profit Booking Levels : 105.50, 105 Stop Loss: 4H candle closing

Market Update 23/07/2020

Market Update 23/07/2020 Some key takeaways of the last few hours: Chinese COVID-19 vaccine could be ready by end of 2020: SinoPharm Australia NAB Q2 business confidence: -15 (prior -11) Australia Fiscal & Economic Update - forecast unemployment rate of 8.75% in 2020/21 Australian Treasurer Frydenberg will deliver a budget update today, 0100GMT Reports the Chinese consulate in San Francisco is harbouring a military researcher wanted by the FBI Musk says TSLA (Tesla) to build factory near Austin, Texas China earthquake, magnitude 6.2 S&P affirm Canada rating, leaves outlook stable Biden has a 45%. Trump 44% in Texas poll Today's Economic Calendar Forex Majors today's review EURUSD CMP : 1.1576 Composite Strength Meter Suggests : 91% Buy Trend : Strong Buy Entry Levels : 1.1522, 1.1468 Profit Booking Levels : 1.1617, 1.1656 Stop Loss: 4H candle closing below 1.1300 AUDUSD CMP : 0.7137 Composite Strength Meter Suggests : 93% Buy Trend : Strong Buy Entry Levels : 0.7110, 0.

Market Update (22/07/2020)

Today’s Market Update (22/07/2020) Our Proprietary Strength Meter trend suggestion has made our subscribers the most happiest amongst all. Some daring ones were moving with the flow whereas the safe play community says they were helped by not making wrong decision of playing in the wrong direction. Some key takeaways during last few hours ·          Gold, silver surging - silver limit up for Dec futures on the Shanghai Futures Exchange ·          ANZ on the moves in 'non-yielding' assets (gold and silver would fall into that category):The spectre of (government) … stimulus packages has pushed investors back into non-yielding assets like gold. The likelihood of interest rates remaining low for the foreseeable future and a weaker US dollar have really boosted investor appetite. ·          Australia preliminary retail sales for June +2.4% m/m (prior was +16.9%) ·          Japan Jibun Bank preliminary PMIs for July, Manufacturing 42.6 (prior 40.1) & Services 45.2 (prior 4