هشدار ریسک: معامله کردن پرریسک است. سرمایه شما در خطر است. FT Global Ltd تحت نظارت the IFSC فعالیت می‌کند.
هشدار ریسک: معامله کردن پرریسک است. سرمایه شما در خطر است. FT Global Ltd تحت نظارت the IFSC فعالیت می‌کند.

خط زمانی اخبار فارکس

پنجشنبه، 15 نوامبر، 2018

According to analysts at ING, EUR/GBP has now declined around 4% from the highs seen in late August, largely due to the chances of a 'no-deal' Brexit

According to analysts at ING, EUR/GBP has now declined around 4% from the highs seen in late August, largely due to the chances of a 'no-deal' Brexit becoming slightly less likely.Key Quotes“We continue to see the GBP proposition as quite binary, i.e. a virtuous circle of less risk premia and rising UK money market rates combining to deliver a positive outcome for GBP – or the vicious opposite. That said, we still think GBP is highly under-valued against the EUR, and we’re not looking for another 15-20% GBP decline in the event of a no-deal.” “Currently, the market prices around 50 basis points of Bank of England tightening over the next two years and we think that could shift to pricing 100bp – were the withdrawal bill to be approved by parliament. That would certainly be worth a EUR/GBP move to 0.85 in our opinion – but not too much more.”  

The European Union (EU) Chief Brexit Negotiator Michel Barnier is on the wires now, via Reuters, expressing his take on the Brexit agreement. Main Po

The European Union (EU) Chief Brexit Negotiator Michel Barnier is on the wires now, via Reuters, expressing his take on the Brexit agreement.Main Points:The Brexit agreement is fair and balanced. Agreement ensures no hard border in Ireland. Have achieved decisive progress in Brexit talks. Still have a long road ahead, for both sides. This is a very important moment for the EU and UK. Work on the declaration on the future relationship will be intense.

Indonesia Bank Indonesia Rate above expectations (5.75%) in November: Actual (6%)

La Stampa, an Italian daily, reports the latest headlines, citing that the Italian PM Conte seeks to work with the European Union (EU) on the budget i

La Stampa, an Italian daily, reports the latest headlines, citing that the Italian PM Conte seeks to work with the European Union (EU) on the budget impasse. Nothing further has been mentioned on the same.

GBP/USD Chart, 5-Minute Brexit headlines have a measurable effect on the Cable, and the GBP/USD's wild swings can be seen over the past two weeks

The GBP/USD is drifting higher heading into Friday's action, after a rough Thursday session sent the Cable into a rough ranging pattern.GBP/USD Forecast: Trying to stabilize after Brexit headlines-led volatile swingsGBP/USD Chart, 5-MinuteBrexit headlines have a measurable effect on the Cable, and the GBP/USD's wild swings can be seen over the past two weeks, with recent trading days seeing a notable uptick in non-directional volatility.GBP/USD Chart, 30-MinuteThe last two months see the GBP/USD in a rough medium-term range, but technical outlays remain strangled as technical indicators continue to spit out trading signals at inconvenient intervals between swings in both directions.GBP/USD Chart, 4-HourGBP/USD Overview:
    Last Price: 1.3022
    Daily change: 10 pips
    Daily change: 0.0769%
    Daily Open: 1.3012
Trends:
    Daily SMA20: 1.2946
    Daily SMA50: 1.3036
    Daily SMA100: 1.3026
    Daily SMA200: 1.3385
Levels:
    Daily High: 1.3074
    Daily Low: 1.2881
    Weekly High: 1.3176
    Weekly Low: 1.2958
    Monthly High: 1.326
    Monthly Low: 1.2696
    Daily Fibonacci 38.2%: 1.3
    Daily Fibonacci 61.8%: 1.2955
    Daily Pivot Point S1: 1.2904
    Daily Pivot Point S2: 1.2796
    Daily Pivot Point S3: 1.2712
    Daily Pivot Point R1: 1.3097
    Daily Pivot Point R2: 1.3181
    Daily Pivot Point R3: 1.3289  

Today, there is a string of US data due and retail sales amongst them is going to be key economic release for markets, according to analysts at Danske

Today, there is a string of US data due and retail sales amongst them is going to be key economic release for markets, according to analysts at Danske Bank.Key Quotes“US retail sales that have been robust for a long time on the back of a strong labour market and tax cuts earlier this year. We expect it to stay decent as household fundamentals are still strong.” “The two regional surveys, Empire Index and Philadelphia Fed, will give the first indication of manufacturing confidence in October. Recently, ISM manufacturing has softened and in line with consensus, we expect surveys to moderate further from the quite high levels reached earlier this year. Initial jobless claims and import prices are also due for release today.”

Indonesia Bank Indonesia Rate remains at 5.75% in November

According to analysts at ANZ, the US economy is probably past the point of maximum fiscal impulse from President Trump’s stimulatory TCJA and BBA meas

According to analysts at ANZ, the US economy is probably past the point of maximum fiscal impulse from President Trump’s stimulatory TCJA and BBA measures.Key Quotes“There is still further stimulus in the pipeline from these policy initiatives, but their contribution to growth is unlikely to be as strong as what has occurred in the first three quarters of 2018.” “Our central view is that policy gridlock in Washington is likely to be a feature of the next two years of President Trump’s term, so additional fiscal stimulus measures are unlikely. This may not necessarily be a bad thing for risk assets.”

Turkey 3mth quarterly jobless average up to 11.1% in August from previous 10.8%

Norway Trade Balance climbed from previous 21.1B to 34.9B in October

   •  Impressive Aussie jobs report helped the pair to catch some aggressive bids.    •  Subdued USD price action/positive commodity prices remained

   •  Impressive Aussie jobs report helped the pair to catch some aggressive bids.
   •  Subdued USD price action/positive commodity prices remained supportive.
   •  Traders now eye US economic releases for some fresh bullish impetus.
The AUD/USD pair built on the strong Aussie jobs data-led positive momentum and touched one-week tops, around the 0.7280-85 region in the last hour. After yesterday's good two-way price action, the pair caught some fresh bids on Thursday and continued scaling higher for the third consecutive session. Indications that China and the US may be taking steps to de-escalate their bitter trade dispute turned out to be one of the key factors benefitting China-proxy Australian Dollar.  The pair got an additional boost from today's impressive release of the Aussie jobs report, which showed that employment surged in October and the unemployment rate held steady at 5% as compared to an uptick to 5.1% expected. This coupled with a positive tone around commodity space, especially copper, further underpinned the commodity-linked Australian Dollar.  Meanwhile, a subdued US Dollar price action, especially after the Fed Chair Jerome Powell's cautious comments, remained supportive of the strong bid tone surrounding the major. Speaking at an event hosted by the Federal Reserve Bank of Dallas, Powell said that the US economy is strong but could face headwinds from global economic slowdown though sounded committed to the Fed's gradual interest-rate-hike path.
 
The pair, for now, seems to have found acceptance above 100-day SMA, and a follow-through up-move beyond the 0.7300 handle will confirm a near-term bullish breakout. Market participants now look forward to the US economic docket - highlighting the release of monthly retail sales data, along with the initial weekly unemployment claims and regional manufacturing indices, for some fresh bullish impetus. Technical levels to watchOn a sustained move beyond the 0.7300 mark, a fresh bout of short-covering is likely to accelerate the up-move towards 0.7380-85 heavy supply zone with some intermediate resistance near mid-0.7300s. On the flip side, 100-DMA, around the 0.7255 region, now seems to protect the immediate downside, which if broken might turn the pair vulnerable to head back towards testing the 0.7210-0.7200 support zone.
 

Reuters reports comments by French Finance Minister Bruno Le Maire, as he applauds the Brexit deal news. Key Headlines: Latest Brexit developments i

Reuters reports comments by French Finance Minister Bruno Le Maire, as he applauds the Brexit deal news.Key Headlines:Latest Brexit developments is good news for French economy. It is in everyone's interest that Brexit process proceeds smoothly. Hopes that Italy will behave responsibly with regards to its budget. Eurozone is not well prepared to deal with another major financial crisis.

FX option expiries for Nov 15 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1200 1.9bn 1.1225 748m 1.1250

FX option expiries for Nov 15 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1200 1.9bn 1.1225 748m 1.1250 817m 1.1260 776m 1.1300 1.5bn  1.1400 2.0bn  1.1405 503m 1.1450 556m - GBP/USD: GBP amounts 1.3235 387m - USD/JPY: USD amounts 112.00 523m 112.50 425m 112.80 465m 113.00 903m 113.35 371m 113.50 419m 115.00 1.6bn - AUD/USD: AUD amounts 0.7150 969m 0.7180 559m 0.7260 675m - USD/CAD: USD amounts 1.3300 866m  - NZD/USD: NZD amounts 0.6720 1.3bn - EUR/GBP: EUR amounts 0.8600 720m

Asian stock markets wound up mixed for Thursday, with Chinese indexes seeing minor gains as trade war tensions relax for the time being, but Japan's b

Chinese equities have received a boost from expected trade talks between the US and China.Broader markets remain tentatively risk-off, and indexes outside of China are seeing soft losses on the day.Asian stock markets wound up mixed for Thursday, with Chinese indexes seeing minor gains as trade war tensions relax for the time being, but Japan's bourses retracted on the day as broader markets remain underbid. Japanese markets closed Thursday in the red, with the Nikkei 225 index down -0.20% and Tokyo's Topix index down -0.15%. Emerging markets were similarly facing downside pressure, with the broad Asia-Pacific MSCI index down -0.11%. The mood was better in Australia, with the ASX 200 remaining relatively flat on the day, up 0.06%, while in China, risk appetite was remarkably better than it has been lately, with a perceived thaw between the US and China helping to boost hopes of a successful talk-down from the current tradewar ledge that US President Trump and Shanghai have found themselves on. Hong Kong's Hang Seng index is in the green for almost a full percentage point, and the Shanghai CSI 300 bourse up a comparable 0.87%.Nikkei 225 Technical LevelsNikkei 225 Overview:
    Last Price: 21825
    Daily change: 1.6e+4 pips
    Daily change: 0.715%
    Daily Open: 21670
Trends:
    Daily SMA20: 21904.75
    Daily SMA50: 22852.9
    Daily SMA100: 22696
    Daily SMA200: 22387.96
Levels:
    Daily High: 21945
    Daily Low: 21555
    Weekly High: 22570
    Weekly Low: 21870
    Monthly High: 24480
    Monthly Low: 20800
    Daily Fibonacci 38.2%: 21703.98
    Daily Fibonacci 61.8%: 21796.02
    Daily Pivot Point S1: 21501.67
    Daily Pivot Point S2: 21333.33
    Daily Pivot Point S3: 21111.67
    Daily Pivot Point R1: 21891.67
    Daily Pivot Point R2: 22113.33
    Daily Pivot Point R3: 22281.67  

According to analysts at TD Securities, the sharp rally in the IDR this month will likely remove any prospect of a rate hike at today’s meeting, with

According to analysts at TD Securities, the sharp rally in the IDR this month will likely remove any prospect of a rate hike at today’s meeting, with the 7 day repo likely to be maintained at 5.75%.Key Quotes“Bank Indonesia has been heavily focused on the currency and will feel that the 150bps of rate hikes since May will have done their work in ensuring financial stability.” “Inflation remains well anchored, with the latest reading in October, still below the mid point of Bank Indonesia’s target inflation range. While we expect inflation to edge higher over the months ahead, further IDR appreciation could take further hikes off the table.”

In light of preliminary figures, investors added just695 contracts to their open interest positions in EUR futures markets on Wednesday from Tuesday’s

In light of preliminary figures, investors added just695 contracts to their open interest positions in EUR futures markets on Wednesday from Tuesday’s final 520,240 contracts. In the same line, volume rose for the third session in a row, this time by more than 19.1K contracts.EUR/USD next stop 1.1500?The recovery in EUR/USD keeps it march unabated for yet another session sustained by a persistent increment in volume, allowing for a continuation of the up move for the time being. Choppy/shrinking open interest could prompt some caution, however.

Research Team at ANZ explains that the NZD/USD pair is well up from its cycle lows, and in many ways that is justified as RBNZ rate cuts are priced ou

Research Team at ANZ explains that the NZD/USD pair is well up from its cycle lows, and in many ways that is justified as RBNZ rate cuts are priced out and the curve steepens.Key Quotes“Positioning has no doubt exacerbated the move in both rates and FX.” “We have long held a bearish bias towards the NZD/USD. However, given the shifting risks around the domestic rates outlook, it is now unlikely that our earlier 0.62 end‑2018 forecast will be achieved and we have altered our forecasts accordingly.” “That said, we are happy to retain a medium-term bearish bias. Risk appetites are in the box seat at present and we can’t rule out further improvement. But a number of factors warrant caution, not least the softer global growth picture, tightening liquidity, and the fragile political landscape.” “In addition, the local rates market has now moved to an extent where the bar for positive surprises is far higher. And together with waning export commodity prices, this should cap NZD moves.” “We retain a forecast target for the NZD/USD of 0.61, but have pushed out when we expect this to be achieved to Q3 2019.” “We have lifted our end-2018 forecast to 0.65. This takes our end-2018 and end-2019 forecasts for AUD/NZD (NZD/AUD) to 1.06 (0.94) and 1.15 (0.87) respectively.”

FX Today was offered some relief in Thursday’s Asian trading, as the US dollar resumed its corrective downside, having ignored upbeat remarks from the

FX Today was offered some relief in Thursday’s Asian trading, as the US dollar resumed its corrective downside, having ignored upbeat remarks from the Fed Chair Powell. The USD/JPY pair also faded the bounce and fell back to the midpoint of the 113 handle amid a cautious tone prevalent across the Asian markets, as markets weigh in the Brexit deal optimism ahead of the clearance from the British parliament. The Aussie was the top performer, benefitting from another stellar Australian jobs report while the Kiwi followed suit and reclaimed the 0.68 handle, with the advance limited by negative tone around oil prices. Meanwhile, gold prices on Comex caught a fresh bid wave and jumped above the 1210 level, despite a minor bounce in the US Treasury yields across the curve. The Euro traded firmer near 1.1350 region, tracking the gains in the Cable on hopes that a Brexit deal will be soon clinched, especially after the UK Cabinet approved the Brexit draft agreement late-Wednesday.  Main Topics in AsiaFederal Reserve's Powell speaking: All meetings are live DUP: UK's Brexit deal "appalling" to many - Reuters Aussie Unemployment holding near lows at 5.0%, Participation rising faster than expected into 65.6% Oil struggling near lows, bulls hopeful on Middle East supply cuts RBA’s Debelle: Curbs on lending have improved the resilience of the economy US Govt Sources: China sends written response to US trade reform demands - Reuters Gold: Flat lined in Asia after a strong bounce from key trendline support US VP Pence: No meeting with Chinese officials on the agenda at the moment Moody's: China's efforts to deleverage and de-risk its economy are slowingKey Focus AheadToday’s EUR macro calendar remains eventful, with plenty of event risks against the back drop of the recent Brexit deal optimism. Markets brace for the UK retail sales data that will drop in at 0930 GMT and are likely to bounce to 0.2% on a monthly basis while staying flat annually. Also, of relevance remains the Eurozone trade balance figures due at 1000 GMT, followed by a slew of speeches by the ECB and BOE policymakers. In the NA session, the US retail sales and Philly Fed manufacturing index will headline, due at 1330 GMT, among other minority reports while the Canadian ADP employment change report will be also published at 1330 GMT. At 1600 GMT, the EIA weekly fuel stocks data will be released, immediately followed by the Fed Chair Powell’s speech in Dallas while the New Zealand business PMI numbers at 2130 GMT will wrap up Thursday’s NY calendar. EUR/USD: chipping away at 200-hour EMA, focus on Brexit news & GBP The recovery rally in the EUR/USD gathered pace in Asia as the US treasury yields remained unchanged despite upbeat comments from Fed's Powell. An above-forecast US retail sales could lift the Treasury yields, pushing the US dollar higher across the board. GBP/USD determined to hold 1.3000 as Brexit roils markets The GBP/USD has found itself chained to the 1.3000 major handle as Brexit headlines continue to drag the Sterling up and down the charts. Thursday's UK data docket is relatively sparse compared to recent days, with UK Retail Sales due at 09:30 GMT. UK Oct retail sales: Expect a muted 0.3% m/m rise - HSBC Analysts at HSBC Bank offer a brief preview of Wednesday’s UK retail sales report that will drop in at 0930 GMT. US: Core retail sales to drop 0.2% m/m in October - Barclays The Barclays Research Team offer their expectations on today’s US retail sales report slated for release at 1330 GMT, with the core figures likely to be in the spotlight.  

In view of analysts at Nomura, UK’s anecdotal and survey evidence suggests retail sales growth has slowed in recent months. Key Quotes “The CBI dist

In view of analysts at Nomura, UK’s anecdotal and survey evidence suggests retail sales growth has slowed in recent months.Key Quotes“The CBI distributive trades survey softened in October, while the BRC measure of sales growth was also weaker than earlier in the year.” “Many high street stores seem to be struggling, although it is difficult to tell how much of this is cyclical versus structural (i.e., the rise of online shopping). However, September’s fall in the official volume series may limit how weak the October print ends up being and, as such, we forecast a flat reading for the month.”

Analysts at TD Securities point out that as per their expectations, UK cabinet approved the proposed Withdrawal Agreement, though notably not unanimou

Analysts at TD Securities point out that as per their expectations, UK cabinet approved the proposed Withdrawal Agreement, though notably not unanimously.Key Quotes“Yesterday's developments were broadly expected at some point this quarter, and the risk that the deal fails rests principally with the upcoming House of Commons vote, likely to take place in early December.” “In the coming days and weeks we are likely to see many MPs voicing both support and opposition, with the hard-Brexit rebel ERG group, the DUP, and Labour the key focus. In the near-term, expect Theresa May to address the House of Commons on Thursday. Rumours of a leadership challenge should be taken seriously, though at this point it is likely the Prime Minister would survive a vote--if only just.”

Gold three-month 25 delta risk reversals (XAU1MRR) flipped to gold puts (bearish bets) for the first time since Oct. 10. It is currently trading at -

Gold three-month 25 delta risk reversals (XAU1MRR) flipped to gold puts (bearish bets) for the first time since Oct. 10. It is currently trading at -0.125 in favor of gold puts as opposed to 0.875 in gold calls on Nov. 6. The investor sentiment has clearly turned bearish in the last eight days, adding credence to the drop in the metal's price from $1,236 to $1,200. At press time, the yellow metal is trading at $1,211, having bounced off from the trendline connecting from the Aug. 16 and Oct. 8 lows.XAU3MRR

USD/CAD Chart, 5-Minute A near-term consolidation phase is the key defining characteristic of the USD/CAD, and a kick into new highs recently has

The intraday chart has gone fully sideway, and the USD/CAD remains largely unchanged from where it was over twenty-four hours ago.With the USD/CAD entangled in near-term consolidation, traders should wait for a break-and-retest of key levels before picking a direction.USD/CAD Chart, 5-MinuteA near-term consolidation phase is the key defining characteristic of the USD/CAD, and a kick into new highs recently has seen momentum fully stall out.USD/CAD Chart, 30-MinuteThe past two months has seen the USD/CAD battle brief bouts of consolidation, and directional bias is being set in short frenetic bursts of price action. Higher lows across key charts leaves the USD/CAD leaning into the bullish side, but stops will have to be set wide to accommodate volume-constrained rushes in both directions.USD/CAD Chart, 4-HourUSD/CAD Overview:
    Last Price: 1.3232
    Daily change: -6.0 pips
    Daily change: -0.0453%
    Daily Open: 1.3238
Trends:
    Daily SMA20: 1.3132
    Daily SMA50: 1.3045
    Daily SMA100: 1.307
    Daily SMA200: 1.296
Levels:
    Daily High: 1.3264
    Daily Low: 1.3208
    Weekly High: 1.3233
    Weekly Low: 1.3056
    Monthly High: 1.3172
    Monthly Low: 1.2783
    Daily Fibonacci 38.2%: 1.3229
    Daily Fibonacci 61.8%: 1.3243
    Daily Pivot Point S1: 1.3209
    Daily Pivot Point S2: 1.318
    Daily Pivot Point S3: 1.3152
    Daily Pivot Point R1: 1.3266
    Daily Pivot Point R2: 1.3294
    Daily Pivot Point R3: 1.3323  

USD/JPY Chart, 5-Minute The past week has seen the Dollar-Yen pairing test into a near-term upper bound above 144.00, and yesterday knock below r

Intraday readings for the USD/JPY show the US Dollar stepping back against the Yen, and the past twenty-four hours have the USD/JPY knocking down into lower highs.USD/JPY short-term traders should be looking for a continuation of USD selling, at least until Thursday's US Retail Sales reading due at 13:30 GMT, where Dollar bulls would be more likely to step back into the fold.USD/JPY Chart, 5-MinuteThe past week has seen the Dollar-Yen pairing test into a near-term upper bound above 144.00, and yesterday knock below recent consolidation has the USD/JPY primed for a continued fall assuming a bullish retest of 113.65 fails to generate a bullish return to the median.USD/JPY Chart, 30-MinuteThe past two months see the USD/JPY still enjoying some bullish pressure from consecutive higher lows, but the last time the pair fell below a bullish 50-period moving average on H4 candles the pair was clear for a move to beyond the 200-period moving average; a similar scenario here will see the USD/JPY continue the current drop into 113.00, where support is likely to challenge the shortside.USD/JPY Chart, 4-HourUSD/JPY Overview:
    Last Price: 113.48
    Daily change: -2.0 pips
    Daily change: -0.0176%
    Daily Open: 113.5
Trends:
    Daily SMA20: 113
    Daily SMA50: 112.72
    Daily SMA100: 111.98
    Daily SMA200: 110.1
Levels:
    Daily High: 114.02
    Daily Low: 113.3
    Weekly High: 114.1
    Weekly Low: 112.94
    Monthly High: 114.56
    Monthly Low: 111.38
    Daily Fibonacci 38.2%: 113.57
    Daily Fibonacci 61.8%: 113.74
    Daily Pivot Point S1: 113.19
    Daily Pivot Point S2: 112.88
    Daily Pivot Point S3: 112.47
    Daily Pivot Point R1: 113.92
    Daily Pivot Point R2: 114.33
    Daily Pivot Point R3: 114.64  

German Foreign Minister Heiko Maas said on Wednesday that he was pleased European Union (EU) and British negotiators had reached a draft Brexit deal,

German Foreign Minister Heiko Maas said on Wednesday that he was pleased European Union (EU) and British negotiators had reached a draft Brexit deal, according to Reuters. Key quotesThat is a great relief. Britain's exit from the EU is, and remains, a decision that we regret. Nevertheless, we want to continue to have as close as a relationship as possible with our British friends. We have now come to a decisive step further.

The treasury yields are trading in a sideways manner in early Europe even though Fed's Powell said a “really strong” US economy is likely to continue

US treasury yields are flatlined despite upbeat comments from Fed's Powell.Fed chair sounded upbeat on the US economy but mentioned housing, global growth and fiscal deficit as risks to US economy.The treasury yields are trading in a sideways manner in early Europe even though Fed's Powell said a “really strong” US economy is likely to continue growing. As of writing, the 10-year treasury yield is trading largely unchanged on the day at 3.12 percent. Meanwhile, the two-year yield, which closely tracks the short-term rate expectations, is up just one basis point at 2.87 percent. Fed Chair Powell, in an hour-long conversation with Dallas Federal Reserve President Robert Kaplan, sounded upbeat on the US economy but cited recent weakness in housing as a concern. Powell also mentioned the slowing growth abroad as the risk to the economic outlook and said that the positive effect of the fiscal stimulus is likely to wear off over time. Powell's comments on the housing market and the fiscal situation may have capped the upside in the treasury yields. However, he said nothing to counter expectations of a December rate hike. As a result, the path of least resistance for the treasury yields remains on the higher side.

According to analysts at TD Securities, US October CPI inflation came in largely on top of expectations, with headline CPI rising to 2.5% y/y thanks t

According to analysts at TD Securities, US October CPI inflation came in largely on top of expectations, with headline CPI rising to 2.5% y/y thanks to energy and base effects.Key Quotes“Annual core inflation was a bit softer at 2.1% y/y, but the underlying monthly data suggest price pressures remain consistent with inflation around the Fed's target. This report will not change the Fed's plans to continue with gradual rate hikes.” “FX: The USD was little changed following the data release. The USD is likely to stay firm for the time being with positive macro catalysts largely absent abroad and notable event risks in the coming weeks.”

Netherlands, The Unemployment Rate s.a (3M) remains unchanged at 3.7% in October

Analysts at ANZ suggest that while global growth remains above average, available GDP data for Q3 point to a slowdown in the second half of the year.

Analysts at ANZ suggest that while global growth remains above average, available GDP data for Q3 point to a slowdown in the second half of the year.Key Quotes“Business surveys also indicate a slowdown is underway, particularly in manufacturing, but there are tentative signs that overall activity may be stabilising. This is consistent with the message from our leading indicator.” “With growth slowing and increasingly divergent, central banks (on average) lifting policy interest rates, trade disputes and other events creating an uncertain back drop, financial market volatility has lifted.” “In October, there were large falls in equity markets, including in the US. Commodity prices also declined in the month, but this was largely driven by an easing in crude oil supply concerns, which is a welcome development if sustained.” “The divergence in the growth rates between the major advanced economies (AEs) that emerged in the first half of 2018 has carried over into Q3.” “We expect above average global growth in 2018 at 3.7%, slowing to 3.6% in 2019 and 3.5% in 2020 (the long-term historical average).”

The US-based rating agency, Moody’s Investors Service, underscores China slowdown concerns, with the key highlights found below. China's efforts to d

The US-based rating agency, Moody’s Investors Service, underscores China slowdown concerns, with the key highlights found below. China's efforts to deleverage and de-risk its economy are slowing. The measures appear to constrain domestic activity. Long-term objectives of deleveraging remain in place. But in current circumstances, China likely to rely on public spending to support growth.

4-hour Chart Trend: Bullish AUD/USD Overview:     Last Price: 0.7279     Daily change: 39 pips     Daily change: 0.539%     Daily Open: 0.72

The AUD/USD is charting an inverse head-and-shoulders pattern with a neckline at 0.7303, as seen in the 4-hour chart.A move above that neckline would confirm a bearish-to-bullish trend change - the sell-off from the January high of 0.8136 ended at 0.7021 and the bulls have regained control.The breakout, if confirmed, would open up upside toward 0.7585 (target as per the measured height method).The pair crossed the trendline connecting January and September highs earlier this month. Further, 5- and 10-day moving averages are trending north. As a result, the inverse head-and-shoulders breakout looks likely to happen in a day or two.A repeated failure to beat the neckline hurdle may embolden the bears.4-hour ChartTrend: Bullish AUD/USD Overview:
    Last Price: 0.7279
    Daily change: 39 pips
    Daily change: 0.539%
    Daily Open: 0.724
Trends:
    Daily SMA20: 0.7154
    Daily SMA50: 0.7162
    Daily SMA100: 0.7258
    Daily SMA200: 0.7459
Levels:
    Daily High: 0.7255
    Daily Low: 0.7188
    Weekly High: 0.7304
    Weekly Low: 0.7183
    Monthly High: 0.724
    Monthly Low: 0.702
    Daily Fibonacci 38.2%: 0.7229
    Daily Fibonacci 61.8%: 0.7213
    Daily Pivot Point S1: 0.72
    Daily Pivot Point S2: 0.716
    Daily Pivot Point S3: 0.7132
    Daily Pivot Point R1: 0.7267
    Daily Pivot Point R2: 0.7295
    Daily Pivot Point R3: 0.7335  

Analysts at Nomura note that China’s simple average of property price inflation across 70 cities remained at 1.0% m-o-m in October, unchanged from Sep

Analysts at Nomura note that China’s simple average of property price inflation across 70 cities remained at 1.0% m-o-m in October, unchanged from September.Key Quotes“The number of cities with sequentially higher prices rose to 65 in October from 64 in September, leaving five with lower or flat prices.” “Property prices remained flat in Tier-1 cities, with inflation at 0.0% m-o-m for a second month.” “Property price inflation edged down to 0.8% m-o-m from 0.9% in Tier-2 cities and ticked up to 1.2% from 1.1% in lower-tier cities, possibly supported by a surge in pledged supplementary lending (PSL; net increase of RMB74.1bn from RMB12.5bn in September).” “Despite stable property price inflation in October, we expect the property sector to cool significantly in 2019, as: 1) tightening measures in large cities will not be reversed quickly unless there are signs of a sharp decline; and 2) support from PSL to lowertier cities cannot continue indefinitely.”

The GBP/USD has found itself chained to the 1.3000 major handle as Brexit headlines continue to drag the Sterling up and down the charts. A tentative

The Brexit whirlpool sees the GBP/USD ensnared around the 1.3000 level.Retail Sales figures due across both sides of the ocean today.The GBP/USD has found itself chained to the 1.3000 major handle as Brexit headlines continue to drag the Sterling up and down the charts. A tentative Brexit deal appears to be in the works, but plenty of legwork remains in the chute, with ratification required within all European constituencies, and the real challenge will come when UK Prime Minister Theresa May has to table and pass the Brexit deal, which remains largely under wraps, before the UK parliament, a true challenge for the PM's closely-guarded Brexit proposals. An on-again, off-again, then on-again press conference yesterday helped to keep the Pound in the lurch, and rumours are beginning to spread of a potential play by hardline Brexiteers to call a no-confidence vote in PM May this week, and derail Brexit negotiations once and for all. Thursday's UK data docket is relatively sparse compared to recent days, with UK Retail Sales due at 09:30 GMT, and the headline annualized figure is expected to hold steady at the previous reading of 3%, while later on in the US market window at 13:30 GMT will see US Retail Sales, a more significant reading which sees median market forecasts calling for October's month-over-month Retail Sales to jump from 0.1% to 0.5%.GBP/USD levels to watchWell-tumbled Cable markets are struggling to find a technical stance to lean into, and according to FXStreet's own Valeria Bednarik, indicators are providing little assistance as the market spreads in both directions at once: "the 4 hours chart show that is back above a bearish 20 SMA and now trying to surpass the 200 EMA, while technical indicators diverge from each other, the Momentum heading lower and the RSI modestly higher. Volatility around the GBP/USD is directly correlated to Brexit headlines, overshadowing technical readings, and therefore making it to risky to trade at the current levels. Either below 1.2826 or above 1.3046, the pair could seem some directional strength, depending on how the Brexit deal develops." Support levels: 1.2860 1.2825 1.2770 Resistance levels: 1.2955 1.3000 1.3045 the 4 hours chart show that is back above a bearish 20 SMA and now trying to surpass the 200 EMA, while technical indicators diverge from each other, the Momentum heading lower and the RSI modestly higher. Volatility around the GBP/USD is directly correlated to Brexit headlines, overshadowing technical readings, and therefore making it to risky to trade at the current levels. Either below 1.2826 or above 1.3046, the pair could seem some directional strength, depending on how the Brexit deal develops. Support levels: 1.2860 1.2825 1.2770 Resistance levels: 1.2955 1.3000 1.3045

More comments crossing the wires from the US Vice President Mike Pence, as he now speaks about the China trade talks and Trump-Kim meeting. No meetin

More comments crossing the wires from the US Vice President Mike Pence, as he now speaks about the China trade talks and Trump-Kim meeting. No meeting with Chinese officials on the agenda at the moment. Believes Trump Summit with N. Korean Leader Kim will happen after Jan. 1, 2019.

Justin Smirk, Research Analyst at Westpac, notes that Australia’s total hourly wages ex bonuses rose by 0.6% in Q3, on par with market (and Westpac’s)

Justin Smirk, Research Analyst at Westpac, notes that Australia’s total hourly wages ex bonuses rose by 0.6% in Q3, on par with market (and Westpac’s) expectations and resulting in a modest lift in the annual pace to 2.3%yr.Key Quotes“The annual pace had been between 1.9%yr and 2.1%yr since March 2016. This is despite a greater than usual increase in the minimum wage of 3.3% effective in 2017 Q3 then a further increase of 3.5% in 2018 Q3. It is somewhat surprising that these two larger than usual increases did little other than modestly lift the pace of aggregate wage inflation. The current annual pace of 2.3%yr is a three year high but still a very modest outcome.” “In the quarter private sector wages grew 0.55%qtr and public sector wages grew 0.61%. The 0.5%qtr print for private sector wages held the annual pace at 2.1% compared to the 10 year average for private sector wage inflation of 2.8%yr.” “Wage growth in the private sector hit a peak of 4.4%yr in mid-2008. Public sector wage growth was 0.6%qtr, on par with the average of 0.6%qtr for the previous two years, with the annual pace lifting slightly to 2.5%yr from 2.4%yr.” “It is worth noting that a cyclical indicator of wage momentum continues to look a bit more positive. Private sector wages including bonuses lift to 2.8%yr from 2.5%yr in Q2 and 2.7%yr in Q1.”

The recovery rally in the EUR/USD gathered pace in Asia as the Us treasury yields remained unchanged despite upbeat comments from Fed's Powell. As of

The EUR/USD is attempting a break above the 200-HMA of 1.1336.Investors ignore upbeat comments from Fed's Powell, T-yield remain flatlinedThe EUR likely to follow GBP/USD, draft Brexit deal done, but it needs to pass parliament.The recovery rally in the EUR/USD gathered pace in Asia as the US treasury yields remained unchanged despite upbeat comments from Fed's Powell. As of writing, the currency pair is attempting a break above the 200-hour moving average (HMA) of 1.1336. A convincing move above the MA hurdle looks likely as markets continue to ignore Powell's positive take on the US economy. This is evident from the fact that the 10-year treasury yield hardly moved after Powell's comments and continues to roll in a sideways manner around 3.12 percent. Further, the bullish pressure around the EUR could strengthen if the GBP/USD cheers the draft Brexit deal. Sterling, however, is more likely to fall as the demand for GBP puts continues to rise. Investors are likely fearing that the 586-page long draft deal may not pass through the parliament. Also, an above-forecast US retail sales, due at 13:30 GMT, could lift the Treasury yields, pushing the US dollar higher across the board.EUR/USD Technical LevelsEUR/USD Overview:
    Last Price: 1.1338
    Daily change: 15 pips
    Daily change: 0.132%
    Daily Open: 1.1323
Trends:
    Daily SMA20: 1.1385
    Daily SMA50: 1.152
    Daily SMA100: 1.1568
    Daily SMA200: 1.1824
Levels:
    Daily High: 1.1348
    Daily Low: 1.1263
    Weekly High: 1.15
    Weekly Low: 1.1316
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1315
    Daily Fibonacci 61.8%: 1.1295
    Daily Pivot Point S1: 1.1274
    Daily Pivot Point S2: 1.1226
    Daily Pivot Point S3: 1.119
    Daily Pivot Point R1: 1.1359
    Daily Pivot Point R2: 1.1396
    Daily Pivot Point R3: 1.1444  

Speaking at an Asia-Pacific summit in Singapore, Canadian Prime Minister Justin Trudeau noted that Canada is willing to work towards a free trade deal

Speaking at an Asia-Pacific summit in Singapore, Canadian Prime Minister Justin Trudeau noted that Canada is willing to work towards a free trade deal with China, Reuters reports. Last year, both the economies failed to agree on the launch of talks on a free trade treaty when Trudeau visited China.

Indonesia Imports above expectations (9.2%) in October: Actual (23.66%)

Indonesia Exports came in at 3.59%, above forecasts (1.81%) in October

Indonesia Trade Balance came in at $-1.82B, below expectations ($-0.17B) in October

Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, points out that the Australian employment surged by +32.8k in Oct (TD +25k, mkt

Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, points out that the Australian employment surged by +32.8k in Oct (TD +25k, mkt +20k).Key Quotes“A strong report driven by full-time (+42.3k) and a pickup in the part rate to 65.6%. The u-rate remained at a 6yr low of 5%.” “Seasonals suggest decent jobs growth into year end, so we look for +35k and +30k for Nov/Dec, lowering the u-rate to 4.9% by Dec-2018.” “RBA expects the u-rate to remain at 5% over 2019, dipping to 4¾% over 2020. Missing is the commensurate acceleration in wage inflation, hence why the cash rate remains at 1.5% until Nov-2019.”

Analysts at Nomura point out that the US headline CPI increased 0.3% (0.331%) m-o-m in October, in line with the market consensus but slightly below t

Analysts at Nomura point out that the US headline CPI increased 0.3% (0.331%) m-o-m in October, in line with the market consensus but slightly below their forecast of 0.352%.Key Quotes“Among non-core components, food prices came in a little weaker than we expected, decreasing by 0.1% m-o-m.” “Excluding food and energy prices, core inflation accelerated to 0.2% (0.193%) m-o-m after decelerating in August and September, in line with the market expectation of 0.2% but slightly lower than our forecast of 0.232%. As a result, the 12-month change of core CPI inched down to 2.1% (2.139%) in October from 2.2% (2.170%) in September (Nomura: 2.192%, Consensus: 2.2%).” “Most of the swing in core CPI inflation can be explained by the rebound in used vehicle prices. However, stripping out used vehicle prices and apparel prices, another volatile component, core CPI inflation would have slowed slightly from the previous month, indicating that the underlying trend of core inflation remains more stable than the official data suggest.” “GDP tracking update: The components of the October CPI that are relevant to PCE came in mostly in line with expectations. However, CPI food prices were weaker than our expectations. Slightly weaker-than-expected headline PCE price inflation suggests more growth in real PCE growth in Q4. Thus, we raised our Q4 GDP tracking estimate by 0.1pp to 2.5% q-o-q saar.”

The demand for GBP puts continues to rise despite the Brexit draft deal. The GBP/USD one-month 25 delta risk reversals (GBP1MRR) are currently being

Prime Minister May has won the backing of the cabinet for her Brexit plan.Investors are still seeking protection (GBP puts) against long GBP/USD positions.The demand for GBP puts continues to rise despite the Brexit draft deal. The GBP/USD one-month 25 delta risk reversals (GBP1MRR) are currently being paid at 1.4 GBP puts vs 1.225 GBP puts yesterday. The implied volatility premium for the GBP puts stood at 0.8 nine days ago. The rise in the value (or demand) for the put options indicates the investors are likely worried that the draft, which has 586 pages, may not pass through parliament, leading to a sharp drop in the GBP.GBP1MRR 

Analysts at HSBC Bank offer a brief preview of Wednesday’s UK retail sales report that will drop in at 0930 GMT. Key Quotes: “UK retail sales volume

Analysts at HSBC Bank offer a brief preview of Wednesday’s UK retail sales report that will drop in at 0930 GMT.Key Quotes:“UK retail sales volumes fell back by 0.8% m-o-m in September after a bumper summer. Indeed, we had expected that momentum to prove unsustainable. Despite a pick-up in real wage growth, consumer confidence remains relatively low and the housing market is weak in some parts of the country.  For October, we expect a muted 0.3% m-o-m rise for total volumes including fuel, which would mean that the 3m/3m rate had slowed from 2.3% in July to 0.5% in October.” 

Daily chart The pair has charted a lower highs pattern at 6.9694 on Nov. 14 and the 5- and 10-day EMAs are beginning to roll over in favor of the

The USD/CNH is currently reporting moderate losses at 6.9336 and could suffer a deeper drop to the trendline connecting the Aug. 27 and Sept. 21 lows, currently at 6.9127.Daily chartThe pair has charted a lower highs pattern at 6.9694 on Nov. 14 and the 5- and 10-day EMAs are beginning to roll over in favor of the bears.4-hour chartThe rising wedge breakdown seen in the chart above has likely put the bears back into the driver's seat. The relative strength index (RSI) has also adopted bullish bias with a move below 50.00.Weekly chartThe large bearish divergence of the RSI backs up the signs of bearish reversal seen in the daily and 4-hour chart. As a result, the pair is likely to test the 50-day EMA, currently at 6.90, in the near-term.   

Reuters is out with the latest comments by the US Vice President Mike Pence, as he speaks about the North Korea denuclearization efforts. Key Points:

Reuters is out with the latest comments by the US Vice President Mike Pence, as he speaks about the North Korea denuclearization efforts.Key Points:Hopes North Korea will take more material steps towards denuclearisation. Meaningful progress has been made towards denuclearisation. Much work remains in North Korea's denuclearisation steps. Trump remains hopeful of second summit to lay groundwork for denuclearisation.

Gold's sharp recovery from the recent low of $1,196 has neutralized the immediate bearish outlook. Notably, the strong rebound from the trendline con

Gold is rolling sideways around $1,210, having rallied off the key rising trendline support yesterday.The metal could rise well above the immediate resistance of $1,212 if the US retail sales miss estimates by a big margin.Gold's sharp recovery from the recent low of $1,196 has neutralized the immediate bearish outlook. Notably, the strong rebound from the trendline connecting the Aug.16 and Oct. 8 lows is encouraging. The short-term bullish reversal, however, would be confirmed if prices convincingly cross the Oct. 31 low of $1,212. That move will likely happen if the US October retail sales, due at 13:30 GMT, miss expectations, indicating the weakening domestic demand. Moreover, the international trade is likely to drag GDP lower in coming quarters, courtesy of trade war, hence domestic demand needs to hold strong to avoid a sharp slowdown in the economy. The bullish reversal would remain elusive if the retail sales blow past expectations, reinforcing the ed's view that monetary policy needs to turn restrictive for some time.Gold Technical LevelsXAU/USD Overview:
    Last Price: 1209.5
    Daily change: -1.2e+2 pips
    Daily change: -0.0950%
    Daily Open: 1210.65
Trends:
    Daily SMA20: 1222.3
    Daily SMA50: 1213.65
    Daily SMA100: 1206.53
    Daily SMA200: 1240.63
Levels:
    Daily High: 1216.6
    Daily Low: 1197.4
    Weekly High: 1236.6
    Weekly Low: 1206.3
    Monthly High: 1243.43
    Monthly Low: 1182.54
    Daily Fibonacci 38.2%: 1209.27
    Daily Fibonacci 61.8%: 1204.73
    Daily Pivot Point S1: 1199.83
    Daily Pivot Point S2: 1189.02
    Daily Pivot Point S3: 1180.63
    Daily Pivot Point R1: 1219.03
    Daily Pivot Point R2: 1227.42
    Daily Pivot Point R3: 1238.23  

Reuters reported three US government sources late-Wednesday, as saying that the Chinese authorities have delivered a written response to the US demand

Reuters reported three US government sources late-Wednesday, as saying that the Chinese authorities have delivered a written response to the US demands for wide-ranging trade reforms. The sources gave no further details on the content of the response. It was unclear if the response contained concessions that would satisfy Trump’s demands for change. This comes ahead of the US President Trump and Chinese President Xi Jinping meeting scheduled on the sidelines of a G20 summit in Argentina at the end of November and in early December.

Hourly Chart Trend: Bullish AUD/JPY Overview:     Last Price: 82.58     Daily change: 40 pips     Daily change: 0.487%     Daily Open: 82.18

The AUD/JPY is currently trading at 82.54, up 0.46 percent, and could rise further to the recent high of 8.05 in a day or two.On the hourly chart, the JPY cross witnessed an upside break of the sideways channel earlier today, reinforcing the bullish view put forward by the falling channel breakout on Nov. 13.The RSI on hourly is biased bullish above 50.00 and the MACD is rising, indicating further gains could be in the offing.Hourly ChartTrend: Bullish AUD/JPY Overview:
    Last Price: 82.58
    Daily change: 40 pips
    Daily change: 0.487%
    Daily Open: 82.18
Trends:
    Daily SMA20: 80.86
    Daily SMA50: 80.73
    Daily SMA100: 81.27
    Daily SMA200: 82.03
Levels:
    Daily High: 82.48
    Daily Low: 81.79
    Weekly High: 83.06
    Weekly Low: 81.24
    Monthly High: 82.5
    Monthly Low: 78.56
    Daily Fibonacci 38.2%: 82.22
    Daily Fibonacci 61.8%: 82.05
    Daily Pivot Point S1: 81.81
    Daily Pivot Point S2: 81.45
    Daily Pivot Point S3: 81.12
    Daily Pivot Point R1: 82.51
    Daily Pivot Point R2: 82.85
    Daily Pivot Point R3: 83.21  

The Barclays Research Team offer their expectations on today’s US retail sales report slated for release at 1330 GMT, with the core figures likely to

The Barclays Research Team offer their expectations on today’s US retail sales report slated for release at 1330 GMT, with the core figures likely to be in the spotlight.Key Quotes: “We expect retail sales to have increased 0.2% m/m in October. We forecast gasoline station sales to stage a firm rebound, driving headline sales higher. Auto sales reported by manufacturers recorded decent growth in October, and we expect a similar print at the retail level. For sales excluding autos, we forecast growth of 0.2% m/m. At the core level, however, we forecast a decline in sales of 0.2% m/m.”

According to reporting by Bloomberg, Australia's housing markets are getting hobbled by a combination of factors from scared lenders and recoiling inv

According to reporting by Bloomberg, Australia's housing markets are getting hobbled by a combination of factors from scared lenders and recoiling investors.Key quotes"With the downturn now in its second year, the question for home-owners, house-hunters and property investors is how much further there is to go. Prices in Sydney, the epicenter of the preceding boom, are falling at an annualized pace of about 8 percent. It’s also got much harder to get a loan. All the major banks have tightened lending criteria and introduced stricter expense verification, lengthening the time it takes to get approval and reducing the maximum amount that can be borrowed. Analysts at UBS Group AG believe more credit tightening is almost inevitable, and the outlook for banks hasn’t looked as challenging since at least 2008. At this rate, the downturn is on track to become the largest peak-to-trough decline in home prices in more than 30 years. The biggest recent drop was in 1982 when Australia, along with most of the developed world, was in the grip of a crippling recession. UBS said this week that house prices could drop 30 percent in a “deep recession” scenario. Still, the boom was so explosive, prices are only back to where they were a few years ago, meaning few borrowers are underwater. With the average house in Sydney still fetching more than A$1 million and wages stagnating, the city’s unwelcome status as the world’s second-least affordable housing market isn’t under serious pressure."

The USD/JPY is showing signs of life, having hit a low of 113.30 in the overnight trade. The currency pair fell below the 200-HMA eight hours ago, po

The demand for the anti-risk JPY seems to have weakened somewhat amid the positive action in the Asian equities.A recovery rally will likely gather steam above the 200-hour moving average (HMA).The USD/JPY is showing signs of life, having hit a low of 113.30 in the overnight trade. The currency pair fell below the 200-HMA eight hours ago, possibly due to the risk aversion in the US stocks and the resulting demand for the anti-risk JPY. Further, the treasury yields dropped, weakening the bid tone around the greenback. For instance, the 10-year yield fell seven basis points to 3.09 percent and was last seen trading at 3.13 percent. That minor recovery in the benchmark yield and an uptick in the Asian stocks may have put a bid under the USD/JPY. So far, however, a break above the 200-HMA of 113.62 has remained elusive. Stocks in China, Hong Kong, and South Korea are reporting gains, while Japanese and Australian equities are flashing red. The USD/JPY could rise above the 200-HMA if the European stocks regain poise and the US retail sales, due at 13:30 GMT, blow past expectations, highlighting the strengthening domestic demand.USD/JPY Technical LevelsUSD/JPY Overview:
    Last Price: 113.54
    Daily change: 4.0 pips
    Daily change: 0.0352%
    Daily Open: 113.5
Trends:
    Daily SMA20: 113
    Daily SMA50: 112.72
    Daily SMA100: 111.98
    Daily SMA200: 110.1
Levels:
    Daily High: 114.02
    Daily Low: 113.3
    Weekly High: 114.1
    Weekly Low: 112.94
    Monthly High: 114.56
    Monthly Low: 111.38
    Daily Fibonacci 38.2%: 113.57
    Daily Fibonacci 61.8%: 113.74
    Daily Pivot Point S1: 113.19
    Daily Pivot Point S2: 112.88
    Daily Pivot Point S3: 112.47
    Daily Pivot Point R1: 113.92
    Daily Pivot Point R2: 114.33
    Daily Pivot Point R3: 114.64  

NZD/USD chart, 5-Minute With the NZD/USD testing into 0.6800, shortside pressure remains firm, and a failure by Kiwi bulls to haul the pair meani

Intraday action on the short-term charts sees bullish momentum draining out of the NZD/USD, with common support from the 2-period moving average at 0.6720.NZD/USD chart, 5-MinuteWith the NZD/USD testing into 0.6800, shortside pressure remains firm, and a failure by Kiwi bulls to haul the pair meaningfully over the major barrier will see the Kiwi collapsing back into recentnerNZD/USD chart, 30-MinuteThe past three months have the Kiwi testing into a ceiling near 0.6820, getting support from the last swing low into the 0.6700 handle, while the 200-period moving average continues to firm up long-term support from 0.6580.NZD/USD chart, 4-HourNZD/USD Overview:
    Last Price: 0.6795
    Daily change: -2.0 pips
    Daily change: -0.0294%
    Daily Open: 0.6797
Trends:
    Daily SMA20: 0.6629
    Daily SMA50: 0.659
    Daily SMA100: 0.6656
    Daily SMA200: 0.6896
Levels:
    Daily High: 0.681
    Daily Low: 0.6756
    Weekly High: 0.682
    Weekly Low: 0.6632
    Monthly High: 0.663
    Monthly Low: 0.6424
    Daily Fibonacci 38.2%: 0.679
    Daily Fibonacci 61.8%: 0.6777
    Daily Pivot Point S1: 0.6765
    Daily Pivot Point S2: 0.6733
    Daily Pivot Point S3: 0.671
    Daily Pivot Point R1: 0.682
    Daily Pivot Point R2: 0.6843
    Daily Pivot Point R3: 0.6875  

Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle is on the wires now, via Reuters, making a scheduled speech at a panel discussion titled "

Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle is on the wires now, via Reuters, making a scheduled speech at a panel discussion titled "Assessing the Effects of Housing Lending Policy Measures" at the Financial Services Institute of Australasia Signature Event, in Melbourne.Main Headlines:Curbs on lending have improved the resilience of the economy. Little evidence that measures have excessively constrained aggregate credit supply. Says share of interest-only (IO) loans down to 27 pct of debt, from around 40 pct. Does not consider rollover of remaining IO loans to be a material risk. Major banks' share of new home lending is at lowest in a decade. Tighter lending standards on developers could lead to sharper pullback in construction.

Goldman Sachs is out with yet another take on the Chinese currency, having offered their expectation of a 7 for USD/CNY within six months earlier this

Goldman Sachs is out with yet another take on the Chinese currency, having offered their expectation of a 7 for USD/CNY within six months earlier this week.Key Highlights:Watch for 7/7.005 for a potential top. A turn from there, but bullish if USD/CNY breaks through 7.005. If USD/CNY falls under 6.90 there is a greater risk of extended falls. On the downside, support 6.90. If 6.90 fails, opens drop to 6.7880 to 6.74.

As reported by Bloomberg citing key sources, the Chinese government has allegedly outlined potential concessions that could be made ahead of the US-Ch

As reported by Bloomberg citing key sources, the Chinese government has allegedly outlined potential concessions that could be made ahead of the US-China sideline meeting slated for the upcoming G20 summit.Key quotes"Chinese officials have outlined a series of potential concessions to the Trump administration for the first time since the summer as they continue to try to resolve a trade war between the world’s two largest economies, according to three people familiar with the discussions. The commitments for now fall short of the type of major structural reforms that President Donald Trump has been demanding, two of the people said, cautioning that a long road lies ahead in negotiations. One person said that talks are continuing and constructive. Most of the document appeared to be a rehash of previous changes already made by Beijing, such as raising equity caps on foreign investment in certain industries, according to one person. It did not contain the sort of commitment to change industrial policies such as Xi’s “Made in China 2025” that Washington has been seeking, according to one person familiar with the discussions. “Mnuchin and Kudlow cannot create a trade deal. They are not capable of it,” said Derek Scissors, a China expert at the conservative American Enterprise Institute, who pointed to the two men’s lack of experience in difficult trade negotiations. “Until I see Lighthizer ordered into the fray I don’t think there will be a trade deal.” "

In an interview with Bloomberg TV, Prime Minister of New Zealand Jacinda Ardern noted that she discussed trade with the US Vice President Pence. Addi

In an interview with Bloomberg TV, Prime Minister of New Zealand Jacinda Ardern noted that she discussed trade with the US Vice President Pence.Additional Comments:Discussed the benefits of free trade with pence. Raised issue of steel and aluminum tariffs.

Crude prices are catching some minor lift from recent bottoms, with WTI peeling itself off of 54.75, and currently testing near the 56.00 region as oi

A bullish bounce in oil is looking weak, but all buying will be welcome for stricken crude investors.OPEC set to begin pursuing rising barrel prices once again with 1.4 million bpd production cut in December.Crude prices are catching some minor lift from recent bottoms, with WTI peeling itself off of 54.75, and currently testing near the 56.00 region as oil traders test higher turf on the idea that Middle East suppliers could be going ahead with production constraints in the near future. Oil's recent sell-off, sparked largely by the US' last-minute decision to provide oil-purchasing waivers from their Iran-targeted sanctions that came back into effect in early November, and the key crude access concession has seen oil barrels in free-fall, spurring concerned announcements from OPEC that the crude oil cartel will be considering significant supply cuts from their meeting in December, which has helped to halt the decline for the time being. OPEC's announcement came not a moment too soon after crude barrels declined for twelve straight tradings days, and WTI saw its largest single-day contraction in over three years, and OPEC's formal announcement of slashing production by up to 1.4 million barrels per day far exceeds the cartel's initial whispers of 500,000 bpd.WTI Technical LevelsWTI Overview:
    Last Price: 55.95
    Daily change: 7.0 pips
    Daily change: 0.125%
    Daily Open: 55.88
Trends:
    Daily SMA20: 63.01
    Daily SMA50: 68.5
    Daily SMA100: 68.37
    Daily SMA200: 68.35
Levels:
    Daily High: 56.06
    Daily Low: 55.81
    Weekly High: 63.05
    Weekly Low: 59.24
    Monthly High: 76.25
    Monthly Low: 64.86
    Daily Fibonacci 38.2%: 55.91
    Daily Fibonacci 61.8%: 55.96
    Daily Pivot Point S1: 55.77
    Daily Pivot Point S2: 55.67
    Daily Pivot Point S3: 55.52
    Daily Pivot Point R1: 56.02
    Daily Pivot Point R2: 56.17
    Daily Pivot Point R3: 56.27  

On Thursday, PBOC sets the USD/ CNY mid-point at 6.9392 versus 6.9402 Wednesday’s close. The Chinese central bank skipped open market operations (OMO

On Thursday, PBOC sets the USD/ CNY mid-point at 6.9392 versus 6.9402 Wednesday’s close. The Chinese central bank skipped open market operations (OMOs) today. There was no RRS mature today, thus neutral potions from the bank. 

China House Price Index climbed from previous 7.9% to 8.6% in October

GBP/JPY, 5-Minute chart The near-term Guppy chart has the pair constrained by the 200-period moving average, but headline-driven action is keepin

Brexit headlines continue to lead the Pound around by the nose, with broad-market GBP sentiment swinging back and forth according to the Brexit rumour mill.The GBP/JPY saw plenty of whipping over the last twenty-four hours, peaking near 148.35 and seeing an intraday downspike into 146.32 before wrapping up exactly where it started, at 147.60.GBP/JPY, 5-Minute chartThe near-term Guppy chart has the pair constrained by the 200-period moving average, but headline-driven action is keeping technical setups from becoming validated as rapid swings in sentiment, coupled with tightened market volumes, push the GBP/JPY around within recent swings.GBP/JPY, 30-Minute chartLooking back over the past three months, the GBP/JPY is once again trapped within a familiar consolidation zone, but technical bias could be leaning towards the downside as the ceiling remains firmly in place from just beneath the 150.00 major handle.GBP/JPY, 4-Hour chartGBP/JPY Overview:
    Last Price: 147.52
    Daily change: -17 pips
    Daily change: -0.115%
    Daily Open: 147.69
Trends:
    Daily SMA20: 146.3
    Daily SMA50: 146.95
    Daily SMA100: 145.86
    Daily SMA200: 147.28
Levels:
    Daily High: 148.44
    Daily Low: 146.32
    Weekly High: 149.5
    Weekly Low: 146.86
    Monthly High: 149.52
    Monthly Low: 142.78
    Daily Fibonacci 38.2%: 147.63
    Daily Fibonacci 61.8%: 147.13
    Daily Pivot Point S1: 146.53
    Daily Pivot Point S2: 145.37
    Daily Pivot Point S3: 144.42
    Daily Pivot Point R1: 148.64
    Daily Pivot Point R2: 149.59
    Daily Pivot Point R3: 150.75  

Analysts at Nomura offered their model's projection for today's fix in USD/CNY.  Key notes: "Model projection: 6.9398 versus 6.9402 previous (4 pips

Analysts at Nomura offered their model's projection for today's fix in USD/CNY. Key notes:"Model projection: 6.9398 versus 6.9402 previous (4 pips lower; 111 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.9295 (107 pips lower from previous fix)."

The main numbers were a much stronger than expected outcome as follows: Aussie Unemployment holding near lows at 5.0%, Participation rising faster

AUD/USD rallied hard on the back of another impressive jobs report as traders figure the RBA needs to start upping their rhetoric.AUD/USD rallied from 0.7234 to a high of 0.7274 on a stellar report.The main numbers were a much stronger than expected outcome as follows:Aussie Unemployment holding near lows at 5.0%, Participation rising faster than expected into 65.6%The employment headline was +32.8K vs the expected +20K and the prior +5.6K. The unemployment rate: 5% vs the expected 5.1% and matched the prior 5.0% the full-time employment change at +42.3K was very impressive vs the prior +20.3K although the part-time employment change came in at  -9.5K vs the prior of -14.7K. The participation rate was slightly higher at 65.6% vs the expected 65.5% and prior 65.4%, (offsetting the parttime increase disappointment). AUD/USD has already been looking strong into the data following an impressive day in New York despite the number of headwinds surround the commodity complex. AUD/USD moved up from London's Breit woe associated lows down at  0.7170 through the 0.72 handle into the 0.7220s into the North American close; That was despite the accumulated 25% drop in WTI and US benchmarks markedly lower again for a fourth session with the VIX spiking to 23. RBA outlookWith respect to the RBA, wages are starting to drift higher, the 2.3%yr pace is the fastest in three years - But, is that good enough? Meanwhile, Economists at National Australia Bank Limited argued, however, that while growth has been strong and progress has been made on reducing the unemployment rate, the RBA will likely want to see further evidence of a pickup in wages growth and inflation:  "There has been some progress on this front but the process has been gradual and is likely to remain so, with still some spare capacity in the labour market and the economy more broadly."AUD/USD levelsAnalysts at Commerzbank explained that the September and current November highs at 0.7302/14 are expected to be revisited. "If this resistance zone were to be bettered, the 200 day moving average at 0.7456 and the July 9 high at 0.7484 would be in focus."

The USD/JPY is trading up from Wednesday's new floor at 113.30, taking a minor bounce as the Greenback seeks to recoup intraday losses, with key US da

USD/JPY exploring a fresh low for the week after Dollar declines on Treasuries.The next meaningful showing for the USD/JPY will be today's US retailers' sales figures.The USD/JPY is trading up from Wednesday's new floor at 113.30, taking a minor bounce as the Greenback seeks to recoup intraday losses, with key US data due later on for Thursday. The Dollar-Yen pairing is touching into 113.60 after Thursday's US inflation reading miss, with US Treasury yields declining and dragging the US Dollar with them, while Japanese GDP figures also showed a miss for growth projections. A fresh chance at challenging the near-term trend will arrive later on Thursday, when the upcoming US trading window will be seeing US Retail Sales for October at 13:30 GMT, and median market expectations are hoping for a recovered showing for Retail Sales excluding cars, calling for a 0.5% reading versus the previous showing of -0.1%.USD/JPY levels to watchPlenty of buyers are still in the mix to bring the Dollar-Yen back up the boards, but as noted by FXStreet's own Valeria Bednarik, recent declines have left the Yen pairing primed for further declines if lopsided bearish interest continues to mount: "the USD/JPY fell to 113.29, a new weekly low trading a few pips above the level by the end of the US session. The 4 hours chart for the pair shows that it is still developing well above its 100 and 200 SMA, both around the 113.00 level and with the shortest advancing below the larger one as technical indicators resume their declines within negative levels, skewing the risk to the downside. Renewed selling interest below 113.20, now the immediate support should lead to a steeper decline, particularly if Asian shares follow the lead of their overseas counterparts." Support levels: 113.20 112.85 112.50 Resistance level: 113.90 114.20 114.55

The Australian seasonally-adjusted Unemployment rate for October came in at 5.0%, holding steady at the previous reading and shrugging off broad marke

The Australian seasonally-adjusted Unemployment rate for October came in at 5.0%, holding steady at the previous reading and shrugging off broad market expectations for a tick upwards to 5.1%, while the Australian participation rate moved higher to 65.6%, outpacing both the 65.5% expectation and 65.4% previous showing.Key highlights (via ABS)SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)  Employment increased 32,800 to 12,671,500. Full-time employment increased 42,300 to 8,703,700 and part-time employment decreased 9,500 to 3,967,900. Unemployment increased 4,600 to 672,100. The number of unemployed persons looking for full-time work decreased 5,200 to 445,400 and the number of unemployed persons only looking for part-time work increased 9,800 to 226,700. Unemployment rate remained steady at 5.0%. Participation rate increased by 0.1 pts to 65.6%. Monthly hours worked in all jobs increased 6.1 million hours (0.3%) to 1,764.4 million hours. TREND ESTIMATES (MONTHLY CHANGE)  Employment increased 25,400 to 12,665,800. Unemployment decreased 7,600 to 680,300. Unemployment rate decreased by 0.1 pts to 5.1%. Participation rate remained steady at 65.6%. Monthly hours worked in all jobs increased 3.6 million hours (0.2%) to 1,761.8 million hours.
 

Australia Part-time employment rose from previous -14.7K to -9.5K in October

Australia Participation Rate above forecasts (65.5%) in October: Actual (65.6%)

Australia Employment Change s.a. came in at 32.8K, above forecasts (20K) in October

Australia Fulltime employment climbed from previous 20.3K to 42.3K in October

Australia Unemployment Rate s.a. below forecasts (5.1%) in October: Actual (5%)

According to Reuters, a member of Ireland's DUP is speaking out against UK Prime Minister Theresa May's still-under-wraps Brexit proposal that is supp

According to Reuters, a member of Ireland's DUP is speaking out against UK Prime Minister Theresa May's still-under-wraps Brexit proposal that is supposedly ready to be signed, and Sammy Wilson is cautioning that British parliament can be expected to throw plenty of wrenches in the works.Key quotesThe Brexit deal struck by British Prime Minister Theresa May will be appalling to many people who will judge it when it comes to a vote in parliament, a lawmaker from the Northern Irish party that supports May’s government said on Wednesday. “I think that people will be appalled at this deal. To use (May’s) own words, no deal is better than a bad deal, and I would think that the House of Commons will give their judgment on it when it eventually comes to them,” Sammy Wilson, Brexit spokesman for the Democratic Unionist Party (DUP), told the BBC.

There was a risk-off mood in Asia that extended into Europe and US markets on Wednesday sending US treasury yields and US stocks off a cliff. However,

Forex today was mostly all about Brexit while the US dollar fell along with US rates as investors moved out of US stocks. The UK Cabinet backed the Brexit plan ahead of a Parliamentary vote. There was a risk-off mood in Asia that extended into Europe and US markets on Wednesday sending US treasury yields and US stocks off a cliff. However, Brexit was the main attraction. The pound was very volatile as a result on conflicting headlines rolling out ever 30 minutes near enough.the outcome was that the Cabinet approved the Brexit document, but we now wait for the parliamentary disapproval. This is the most significant risk to the pound and hopes of a Brexit deal because if the Parliament doesn't approve the Brexit agreement, then one possible scenario is there is a snap election, which could feasibly see Labour elected into power. As for rates, the US 10yr treasury yields initially rose from 3.13% to 3.16% but dropped during the NY afternoon to 3.09%. The dollar was lower due to this and fell a full point to 96.80 with the US 10 years being the lowest so far this month. The shorter-term 2yr yields fell from 2.90% to 2.84% while tracking the Fed fund futures yields repricing the chance of another rate hike in December at 70% (from 75%).Currency actionEUR/USD was better bid and tracking movement in the dollar and taking its cues from Brexit headlines as well, playing out its derivative role. EUR/USD moved higher from 1.1263 to a high of 1.1344. As far as data, the US core CPI y/y & weakly earnings offered some downside misses and UST yields & US dollar were lower subsequently. EUR/USD was nearing the 10-DMA and fell back towards 1.13 the figure for the NY close. GBP/USD was the main attraction yet again, being tugged and pulled over ever-changing Brexit headlines. The threat to UK's PM May's leadership was weighing the heaviest on the pound despite a Brexit deal signed off ahead of presenting it to Parliament where the BBC reported that the Brexiteers from May's party has been seen calling a no-confidence vote on Thursday. GBP/USD moved between a range of 1.2886 and a high of 1.3037. EUR/GBP was just as choppy and was ending the North American session at 0.8742, higher by +0.43% and traded within a range of between 0.8755-0.8668.  USD/JPY fell on Brexit risk scenarios and made a low of 113.30. However, stocks were falling off a cliff and the VIX was as high as 23 at one stage with the S&P was down 20.60 points, and DJIA was down by  205.99 points leaving USD/JPY exposed to the downside. USD/JPY ended at 113.63. AUD/USD was running higher from 0.7188 and met a high of 0.7253 and closed at 0.7234. The pair was making headway despite the number of risk factors floating around Wednesday's financial markets and was lifted on a stage 1 positive outcome from the Brexit saga going to the wire ahead of a Parliamentary vote as stage 2. However, Aussie jobs are n the cards and will be drawing plenty of the market's attention considering the Sep report that sent the Aussie in a tear due to an impressive change in the unemployment rate.  Key notes from US session:Wall Street closes in red dragged by financials and technologyS&P500 Technical Analysis: Double bottom bull flag can be in the making above 2,700 figureEU's Barnier: Brexit deal brings legal certainty on consequences of BrexitKey events ahead:When is the Aussie Unemployment report, and how could it affect the AUD/USD   

South Korea Trade Balance down to $6.47B in October from previous $6.55B

Australia Consumer Inflation Expectation down to 3.6% in November from previous 4%

Japan Foreign bond investment: ¥-167.3B (January 11)

Japan Foreign investment in Japan stocks unchanged at ¥107.6B in January 11

Fed's Chairman Powell is taking questions at an event called 'Global Perspectives'. Key comments so far: All meetings are live and the public is g

Fed's Chairman Powell is taking questions at an event called 'Global Perspectives'.Key comments so far:All meetings are live and the public is getting used to that. Our policy is why the economy is in such a good position. Inflation on target. Challenges are how much further to hike. The economy will likely continue in a positive way.  Extend expansion with low inflation. Balance sheet unwinds going well. Prudent to turn balance sheet to normal size - taking it seriously - going very well. The economy has benefitted significantly from trade which needs to be free and fair.  Lower tariffs and better observance of rules is good for the economy and world.  Protectionism would be bad for our economy.  Could see higher inflation and lower growth subject to tariffs. The economy has woven tightly into supply chains. The strength of the global economy is very important. 2017 good year for growth - this year has been a bit of a slow down. Growing signs of a bit of a slowdown and it is concerning.  EMs and old advance economic allies very important. Credit spreads are low because the economy is so good - companies can finance at very low rates.  The US is on an unsustainable fiscal path and will need to be addressed. Fed independence gives legal protection from political involvement, can't be reversed by Congress - accountable and transparent and we must embrace it.About Jerome H. Powell Jerome H. Powell took office as a member of the Board of Governors of the Federal Reserve System on May 25, 2012, to fill an unexpired term. On November 2, 2017, President Donald Trump nominated Powell to serve as the next Chairman of the Federal Reserve. Powell assumed office as Chair on February 5, 2018

Aussie Unemployment report overview Early Thursday at 00:30 GMT sees a data dump for Australia, with the key readings being Aussie Unemployment and P

Aussie Unemployment report overviewEarly Thursday at 00:30 GMT sees a data dump for Australia, with the key readings being Aussie Unemployment and Participation Rates, both distributing numbers for October. The Unemployment Rate is supposed to tick up slightly to 5.1% after the previous month's peak 65.5.How could  it affect the AUIDUSDWith the US Dollar taking a much-needed break from broad-market bidding pressure, the AUD is trading begrudgingly  higher, and today's Aussie action will swing entirely based on the early-Thursday data.Key notesAUD/USD: Australian dollar broke through 0.72365 resistance; AU employment data at 11.30 hrs AUD/USD analysis: Australian employment taking center stageAbout the Australian Unemployment RateThe Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD
 

With the market's pricing in a Fed hike in December, (Fed fund futures yields repriced the chance of another rate hike in December at 70% (from 75%)),

With the market's pricing in a Fed hike in December, (Fed fund futures yields repriced the chance of another rate hike in December at 70% (from 75%)), while elsewhere, the risks are mounting on a geopolitical and economical macro sense, (perhaps oil's rout is a savour), today's speech from Fed Chair Powell where he is slated to speak at 2300GMT and discussing the US economy, should be one to tune into. Ahead of the event, we have the greenback down a point to 96.70 lows and being weighed by the 25% drop in oil and US yields pulling back. Key notes:Wall Street closes in red dragged by financials and technologyS&P500 Technical Analysis: Double bottom bull flag can be in the making above 2,700 figureUS yields: 10Y to hit 3.5% in three to six months - Danske BankWatch Live:About Jerome H. Powell Jerome H. Powell took office as a member of the Board of Governors of the Federal Reserve System on May 25, 2012, to fill an unexpired term. On November 2, 2017, President Donald Trump nominated Powell to serve as the next Chairman of the Federal Reserve. Powell assumed office as Chair on February 5, 2018  

AUD/USD is faring well considering that the markets are volatile with the VIX climbing as high as to 22.32 and the DJIA falling off a cliff yet again.

AUD/USD is defying gravitational pulls and is stubbornly back from the 50% Fibo retracement level to test territory through 0.7220, getting set for the Aussie jobs data showdown.Aussie traders, hold onto your hats, AUD/USD is bound to be the centre of attention in Asia following last month's data showing that the Sep unemployment rate unexpectedly dropped from 5.3% - (However, we also have Fed Chairman Powell speaking as well as RBA deputy governor Debelle later in the day). AUD/USD is faring well considering that the markets are volatile with the VIX climbing as high as to 22.32 and the DJIA falling off a cliff yet again.Wall Street closes in red dragged by financials and technologyThat, coupled with US CPI matching expectations and oil on its knees, might lead one to expect commodities, as a whole, to be feeling the pinch. However, commodities were higher and the complex held the line against a risk-off tone. AUD/USD was recovering from 0.7190 in London and was spurred on after the UK Cabinet news, where a Brexit deal was finally signed off, helped lift the market's spirits. What was really weighing in the greenback was a sense that the Fed may need to reconsider its path of tightening with the price of oil so low within this current rout with the price of WTI making the 61.8% Fibo mark yesterday. Investors were also fleeing into the bond market which weighed on the US 10yr treasury yields that were falling in the afternoon to 3.09% and the lowest yield so far this month. The 2yr yields fell from 2.90% to 2.84 while the Fed fund futures yields repriced lower the chance of another rate hike in December at 70% (from 75%). Speaking of the Fed, we will have plenty of Fed commentary today, including in today’s Sydney session, with Chairman Powell to discuss the economy from 10am Syd or 6 p.m. Eastern. Considering the performance of the DJIA of late, we might hear what the implications of Fed hikes will have markets and on the global economy. The main event for the AussieAs far as the main event for the Aussie, its already been a busy week that is set to continue at 11:30am Syd/8:30am Sing/HK with the Oct labour force survey. Analysts at Westpac Banking Corporation noted that the Sep report generated many headlines and drew the RBA’s close attention as the unemployment rate unexpectedly dropped from 5.3% - where it had been for 3 months – to 5.0%: "The weak 6k rise in employment was largely obscured in the upbeat narrative. Statistical noise is probably behind the consensus forecast of a rise to 5.1% despite an expected 20k rebound in jobs. This is also Westpac’s view, with the participation rate ticking back up to 65.5%." We then have RBA deputy governor Debelle participating in a panel discussion on “Assessing the Effects of Housing Lending Policy Measures” from 1pm Syd/10am Sing/HK.AUD/USD levelsSupport levels: 0.7200 0.7160 0.7130.     Resistance levels: 0.7240 0.7300 0.7340.Valeria Bednarik, Chief Analyst at FXStreet explained that the pair is ignoring dollar's strength on European jitters, also Wall Street's slump: "Its currently holding on to gains and the 4 hours chart offers a neutral-to-bullish stance, with the pair above all of its moving averages, as technical indicators head nowhere around their midlines. The pair holds above the 38.2% retracement of its latest bullish run, capped earlier in the day by the 50% retracement of the same advance, now the immediate resistance, with gains above the level opening doors for an advance up to 0.7302 this month high."
 

US Dollar Index (DXY) 4-hour chart The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.  DXY has create

US Dollar Index (DXY) 4-hour chartThe US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average. DXY has created a 5-wave pattern. The market is likely in correction mode with a potential target at 96.00 figure. A break above 97.70 (2018 high) might lead to a continuation up, however, the pullback down is more likely at this stage.  Additional key levels at a glance: Dollar Index Spot Overview:
    Last Price: 97.05
    Daily change: -11 pips
    Daily change: -0.113%
    Daily Open: 97.16
Trends:
    Daily SMA20: 96.47
    Daily SMA50: 95.6
    Daily SMA100: 95.32
    Daily SMA200: 93.44
Levels:
    Daily High: 97.69
    Daily Low: 97.08
    Weekly High: 97.01
    Weekly Low: 95.68
    Monthly High: 97.2
    Monthly Low: 94.79
    Daily Fibonacci 38.2%: 97.31
    Daily Fibonacci 61.8%: 97.46
    Daily Pivot Point S1: 96.93
    Daily Pivot Point S2: 96.7
    Daily Pivot Point S3: 96.32
    Daily Pivot Point R1: 97.54
    Daily Pivot Point R2: 97.92
    Daily Pivot Point R3: 98.15  
Scroll Top