FX Update – January 11 – USD 4th day higher

FX News Today

USD bounce ہورہا ہے،JPY,AUD,NZD میں کمزوری، Yields میں بہتری. Virus worries میں Escalation.
Speaker Pelosi Plan کا Plan ہے کہ President Trump کو Impeach کریں. اگر Cabinet انہیں Remove کرنے میں ناکام رہے. Equities Highs پر Asian markets mixed  .NFP miss رہیں. Bitcoin اور Oil میں کمی.
Overnight Chinese Inflation میں Better than expected اور Aussie Retail Sales 7%.

This week
اس ہفتے US Retail Sales اور (Inflation UK GDP (CPI & PPI اور کئی Central Bankers بات کریں گے خصوصا Powell on Thursday

USDIndex – 4th day higher from 33-mth low (89.15) and back over 90.00 – trades at 90.31 – PP 89.90 – Touching a 19-day high earlier.

EUR – 3rd day lower trades under 1.2200 – 1.2165 earlier, for a 17-day low, back to 1.2185 now– PP – 1.2235

                                          

 JPY – 4th day higherbreached n holds 104.00 – Trades at 104.12 (R1) , close to one-month highs  PP 103.87 

GBP – down under 1.3500 this morning – testing S2 at 1.3480 PP 1.3580                   

AUD – Back down to trade at 0.7700 (s2) – PP 0.7760                                                NZD – slips under 0.7200 this morning – PP 0.7240, trades at 0.7185                         CAD – breaches and holds over 1.2700 (PP) – moving higher on weaker Oil prices – trades at 1.2765 (R2)                                                                                                 CHF – Trades at R1 around 0.8885 – up from 3 yr lows on Wednesday at 0.8757. PP 0.8850  

BTC – Parabolic bazooka boom continued Friday to new ATHs over $41,800 – rapidly retraced to day – Back” under $35,000.

GOLD – Big faller (1920-1830) on Friday, Trades at 1850 now, PP 1875                         USOil – $52.70 high Friday  – trades at $51.50 (PP) nowstill elevated

USA500 – Closed up 20 (+0.55%) 3824 – USA500 FUTS now at 3803. 46 days north of 20SMA (3722).

Today – EZ Sentix Index, BoE’s Tenreyro, ECB’s Lagarde, Fed’s Bostic, Kaplan.

Biggest (FX) Mover
(%AUDUSD (-0.65 نے Friday Decline کو Continue کیا اور PP سے نیچے. اب MA 200 say سے نیچے اس کا Pivot 0.7700 ہے اور Slow & Fast MA  S2 0.7690 سب نیچے رخ میں. RSI 35 اور نیچے MACD نیچے. Stochastics اب OS Zone سے بڑھ رہا ہے. H1 ATR 0.0018 اور Daily ATR 0.0082

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Stuart Cowell

Head Market Analyst

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