Key To Markets - Discussion

[Key To Markets]

USDCAD technical view ahead of NFP.​

• CAD boosted with Q2 GDP growth.
• Medium-term potential support zone remains between 1.2360 and 1.2320 levels.
• The strong GDP data supports another BoC rate hike in September.

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Read the article on our Key To Markets Blog​

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[Key To Markets]

EUR strength will shift the focus to ECB staff projection.​

• We believe the inflation and ECB's growth forecast will be quiet.
• We recommended sell trade last week, retraced beyond our targets.
• We are not expecting a new information in this week’s ECB meeting

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Read the article on our Key To Markets Blog​

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[Key To Markets]

Divergence observed between BRENT and WTI​

• Last month price action consolidated in a tight range but traded mostly above 52$.
• The price action divergence observed between BRENT and WTI.
• Hedge funds and money managers cut their bullish bets on U.S.

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Read the article on our Key To Markets Blog​

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[Key To Markets]

EURAUD: Facing resistance at 200EMA (monthly)​

• A breakdown below 1.4730 could open to further retracement.
• The daily bullish pattern remains.
• Today's Aussie GDP and ECB are the risk events.

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Read the article on our Key To Markets Blog​

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[Key To Markets]

EUR likely to peak typically.

• The common currency remains in a consolidation phase.
• Widely expected the key ECB interest rates to remain at their present levels.
• Focus to quarterly staff projection on inflation forecast.
• Euro longs were trimmed modestly

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog
It is important to always keep in mind the risks involved in trading with leveraged instruments.

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[Key To Markets]

USDCAD: Retraced 50.0%. 1.2060 is the key.​

• Set of supports available on the monthly chart.
• 200MA finds at 1.2010 and 100EMA finds at 1.1970.
• The rate cut in January 2015 level is the key.

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog​

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[Key To Markets]

Central Banks announcements this week Sep 10-16.​

• The brand new week wraps with SNB and BoE rate statements.
• We are watching EURCHF (bullish) and USDCHF (neutral).
• USDCHF we are watching 0.9360-0.9330 levels.

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog​

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[Key To Markets]

How will the GBP react to CPI and BoE rate decision?​

• From August low’s GBP appreciated more than 3.5%.
• Trading on a verge of a breakout.
• CPI and BoE are the risk events.

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog​

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[Key To Markets]

Brent: Support elevated to 53​

• Rejected at 78.6%
• Range expected between 55-50$.
• Pattern divergence spotted between BRENT and WTI

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog​

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[Key To Markets]

USDJPY: US CPI, Retail sales and next week’s FOMC statement are the key risk events.

• USD dominance continues against AUD,EUR,JPY,CHF,TRY and ZAR so far this week.
• JPY cross buying demand led the USDJPY to rebound
• A weekly close above 111.25 could push the trading range higher.

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog​

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What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.​

 

[Key To Markets]

BoE Tightening cycle is the key.GBP FX snapshot.​

• EURGBP continues the corrective decline phase.
• We shifted our focus to GBPJPY.
• GBPUSD: Resistance 1.3500-1.3530.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog​

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[Key To Markets]

JPY crosses witness multiple bullish patterns.​

• Last week price action was the strongest in 2017.
• Facing resistance at 50MA (monthly).
• Rebound nearly 38.0% (118.65-107.30 fall).

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog​

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What is your Technical View?

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[Key To Markets]

EURUSD: Support base rose to 1.1820 from 1.1660.​

• A footprint above 1.20 needed to visit the near term supply zone.
• Further headroom available until holds 1.1660.
• Unwind of the balance sheet is well priced.

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog​

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What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.​

 

[Key To Markets]

NZDUSD: General election risk

• NZ’s current account deficit narrowed to 1.6$ billion
• The primary risk to NZD is general election
• Supply zone remains between 0.7345-0.7420

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog​

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What is your Technical View?

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[Key To Markets]

JPY crosses technical overview.​

• AUDJPY and CADJPY gave an inverse H&S pattern breakout
• We remain bullish on JPY crosses especially against AUD,CAD,EUR and GBP to the Japan election.
• Summary of banks BOJ preview.

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog
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[Key To Markets]

AUDUSD: Friday’s pivotal 0.7870-0.7840​

• AUDUSD trading below 20 and 50MA
• Psychological support finds at 0.7900 below this 0.7870
• A deep cut expected if 0.7800 taken out

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog
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What is your Technical View?

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[Key To Markets]

GBPUSD: Near-term downside risk available​

• Pound plunges on Theresa Brexit speech, closed at 1.3494 on Friday
• Last week’s GBPUSD price action paused the four-week rally
• Near-term trading range remains between 1.3450-1.3600

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog
It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

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[Key To Markets]

Gold: Sitting at 50.% fib reaction.​

• Intraday supports finds at 1281 and 1279
• The daily RSI sloping down
• We are waiting for 61.8% fib-1261

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog​

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

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​

 

[Key To Markets]

EURUSD: Respect the 2015 August low.​

• Last week’s corrective pullback printed a bearish pattern and completed the ABC target.
• Potential resistance seems at 1.1830/1.1850 levels.
• We shifted our near-term bearish take to neutral.

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog
It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

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[Key To Markets]

AUDUSD: Weekly pivotal seems at 0.7960​

• The Aussie dollar closed at the lowest point in the Q3.
• RBA meeting in focus, 3 October 2017, 2.30 pm AEDT

Read the article on our Key To Markets Blog​

Read the article on our Key To Markets Blog​

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

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Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.