Technical Talk: AUD/USD 09-10-2018

AUD/USD: holding on to modest weekly gains, at risk of breaking lower
Our preference: short positions below 0.7070 with targets at 0.7035 & 0.7010 in extension.Alternative scenario: above 0.7070 look for further upside with 0.7090 & 0.7115 as targets.

Australian Business Confidence rose in September, Business Conditions also improved, according to NAB’s survey.
US equities continue refusing to give up to risk aversion, limiting dollar’s gains.

Technical Talk:NZD/CAD 08-10-2018

NZD/CAD is the abbreviation for the New Zealand Dollar and Canadian Dollar Our preference: the downside prevails as long as 0.8511 is resistance.
Alternative scenario: above 0.8511, look for 0.8677 and 0.8775.

It shows how much the NZD (base currency) is worth as measured against the CAD (counter currency).
For example, NZD/CAD = 0.9391 indicates that one New Zealand Dollar can buy 0.9391 Canadian Dollars.

 

Key economic events for the week (Oct 8- Oct12)

 

 

Hi Trader,
Here below you’ll find a list of the scheduled economic events with the highest expected impact for the week to come, in GMT Time

Key event of the week: US Consumer Price Index

MONDAY , OCT 8
01:45    CNY Caixin China Services PMI (Sep)
05:45    CHF Unemployment Rate s.a (MoM) (Sep)
06:00    GER Industrial Production n.s.a. w.d.a. (YoY) (Aug)
23:01    GBP BRC Like-For-Like Retail Sales (YoY) (Sep)

TUESDAY, OCT 9
06:00    GER Trade Balance s.a. (Aug)
12:15    CAD Housing Starts s.a (YoY) (Sep)
23:30    AUD Westpac Consumer Confidence (Oct)

WEDNESDAY, OCT 10
07:00    EUR Non-monetary policy’s ECB meeting
08:30    GBP Manufacturing Production (MoM) (Aug)
08:30    GBP Industrial Production (MoM) (Aug)
08:30    GBP Manufacturing Production (YoY) (Aug)
08:30    GBP Gross Domestic Product (MoM) (Aug)
n/a        GER 10-y Bond Auction
12:30    USD Producer Price Index ex Food & Energy (YoY) (Sep)
13:15    USD FOMC Member Williams speech
14:35    USD FOMC Member Williams speech
22:00    USD FOMC Member Bostic speech
22:30    AUD RBA Assistant Governor Ellis Speech
23:50    JPY Foreign investment in Japan stocks (Sep 7)
23:50    JPY Foreign bond investment (Sep 7)

THURSDAY, OCT 11
01:00    AUD Consumer Inflation Expectation (Oct)
06:45    EUR Consumer Price Index (EU norm) (YoY) (Sep)
08:30    GBP BOE Credit Conditions Survey
11:30    EUR ECB Monetary Policy Meeting Accounts 
12:30    USD Consumer Price Index Core s.a (Sep)
12:30    USD Consumer Price Index (MoM) (Sep)
12:30    USD Consumer Price Index Ex Food & Energy 
12:30    USD Consumer Price Index
12:30    USD Consumer Price Index Ex Food & Energy
12:30    CAD New Housing Price Index
12:30    CAD New Housing Price Index
21:30    NZD Business NZ PMI
FRIDAY, OCT 12
24h       EUR IMF Meeting
00:30    AUD Investment Lending for Homes (Aug)
00:30    AUD Home Loans (Aug)
n/a       CNY Exports (YoY) CNY (Sep)
n/a       CNY Imports (YoY) CNY (Sep)
n/a       CNY Trade Balance USD (Sep)
n/a       CNY Exports (YoY) (Sep)
n/a       CNY Imports (YoY) (Sep)
n/a       CNY Trade Balance CNY (Sep)
n/a       CNY FDI – Foreign Direct Investment (YTD) (YoY) (Sep)
06:00    GER Consumer Price Index (YoY) (Sep)
06:00    GER Harmonized Index of Consumer Prices (YoY) (Sep)
06:00    GER Consumer Price Index (MoM) (Sep)
06:00    GER Harmonized Index of Consumer Prices (MoM) (Sep)
09:00    EUR Industrial Production s.a. (MoM) (Aug)
14:00    USD Michigan Consumer Sentiment Index (Oct)
17:00    USD FOMC Member Bostic speech
18:00    USD Baker Hughes US Oil Rig Count
18:00    USD Monthly Budget Statement (Sep)

SATURDAY, OCT 13
24h    EUR IMF Meeting

TMFX Team
Contact us

Technical Talk: USD/CAD 05-10-2018

USD/CAD Forecast: New NAFTA not good enough against King Dollar
Our preference: short positions below 1.2950 with targets at 1.2850 in extension.Alternative scenario: above 1.2950 look for further upside with 1.3050 as targets.

USDCAD 0.02% is struggling for upside. Watch top for sell.
How you can trade on this chart.
1. Watch top and sell from top after getting valid price action.
2. Sell on breakdown of the flag.
In case price close above the previous high then it will change the sell setup.

Technical Talk: USDJPY 04-10-2018

USDJPY Analysis: Support at 114.00/113.50, resistance at 114.70/115.60
Our preference: long positions below 114.36 with targets at 114.17 & 114.06 in extension.Alternative scenario: above 114.36 look for further upside with 114.56 as targets.

We are expecting longer term drop back in the correction which we are having since December 2016

On lower time frame price is still pushing for up side and it can push up for couple of more pips. So if you will sell without understanding the price action then your entry will be early and you can get stopped out before you see reversal. So what you should do you should watch the top and should look for 1st impulse if you see that is coming out then join thet if not then wait for that to appear.

Technical Talk: GBPUSD 03-10-2018

GBPUSD Analysis: Support at 1.2965/1.2935, resistance at 1.3055/1.3090
Our preference: short positions below 1.3006 with targets at 1.2897 & 1.2805 in extension.Alternative scenario: above 1.3057 look for further upside with 1.3215 as targets.

Technical Talk :XAUUSD 02-10-2018

XAUUSD Outlook: Base of thick daily cloud continues to limit recovery attempts.Our preference: long positions above 1187.50 with targets at 1194.00 & 1198.50 in extension.Alternative scenario: below 1187.50 look for further downside with 1185.00 & 1181.50 as targets.

Technical Talk:AUDUSD 01-10-2018

AUDUSD: Navigated by global trade tensions
Our preference: long positions above 0.7215 with targets at 0.7240 & 0.7260 in extension.Alternative scenario: below 0.7215 look for further downside with 0.7200 & 0.7185 as targets.

Key economic events for the week (Oct 1-Oct 5)

Hi Trader,
Here below you’ll find a list of the scheduled economic events with the highest expected impact for the week to come, in GMT Time. This week, do not miss Non-Farm Payrolls on Friday

MONDAY, OCT 1
24h EUR Eurogroup meeting
06:00 GER Retail Sales (MoM) (Aug)
07:15 CHF Real Retail Sales (YoY) (Aug)
07:55 GER Markit Manufacturing PMI (Sep)
08:00 ITA Unemployment (Aug)
08:00 EUR Markit Manufacturing PMI (Sep)
08:30 GBP Markit Manufacturing PMI (Sep)
08:30 GBP Mortgage Approvals (Aug)
09:00 EUR Unemployment Rate (Aug)
13:00 USD FOMC Member Bostic speech
13:30 CAD Markit Manufacturing PMI (Sep)
14:00 USD ISM Manufacturing PMI (Sep)
14:00 USD ISM Prices Paid (Sep)
16:15 USD Federal Reserve Bank of Boston President Rosengren Speech
21:00 NZD NZIER Business Confidence (QoQ) (Q3)

TUESDAY, OCT 2
04:30 AUD RBA Interest Rate Decision
04:30 AUD RBA Rate Statement
08:30 GBP PMI Construction (Sep)
14:00 USD Fed’s Quarles speech
n/a NZD GDT Price Index
16:00 USD Fed’s Powell Speech

WEDNESDAY, OCT 3
01:30 AUD Building Permits (MoM) (Jul)
07:15 SPA Markit Services PMI (Sep)
07:55 GER Markit PMI Composite (Sep)
07:55 GER Markit Services PMI (Sep)
08:00 EUR Markit Services PMI (Sep)
08:00 EUR Markit PMI Composite (Sep)
08:30 GBP Markit Services PMI (Sep)
12:15 USD ADP Employment Change (Sep)
13:45 USD Markit Services PMI (Sep)
13:45 USD Markit PMI Composite (Sep)
14:00 USD ISM Non-Manufacturing PMI (Sep)
18:15 USD FOMC Member Mester speech
23:50 JPY Foreign investment in Japan stocks (Aug 31)
23:50 JPY Foreign bond investment (Aug 31)

THURSDAY, OCT 4
n/a AUD HIA New Home Sales (MoM) (Aug)
00:30 AUD Exports (Aug)
00:30 AUD Imports (Aug)
00:30 AUD Trade Balance (Aug)
13:15 USD Fed’s Quarles speech
14:00 USD Factory Orders (MoM) (Aug)
14:00 CAD Ivey Purchasing Managers Index (Sep)
14:00 CAD Ivey Purchasing Managers Index s.a (Sep)
23:30 AUD AiG Performance of Construction Index (Sep)
23:30 JPY Overall Household Spending (YoY) (Aug)

FRIDAY, OCT 5
00:30 AUD Retail Sales s.a. (MoM) (Aug)
07:15 CHF Consumer Price Index (YoY) (Sep)
12:30 USD Non- Farm Payrolls (Sep)
12:30 USD Average Hourly Earnings (YoY) (Sep)
12:30 USD Unemployment Rate (Sep)
12:30 USD Labor Force Participation Rate (Sep)
12:30 USD Average Hourly Earnings (MoM) (Sep)
12:30 USD Trade Balance (Aug)
12:30 CAD International Merchandise Trade (Aug)
12:30 CAD Participation rate (Sep)
12:30 CAD Net Change in Employment (Sep)
12:30 CAD Unemployment Rate (Sep)
18:00 USD Baker Hughes US Oil Rig Count
19:00 USD Consumer Credit Change (Aug)


Topic Markets
Contact Us