Sample Category Title

For the 24 hours to 23:00 GMT, the USD declined 0.90% against the CAD and closed at 1.2917 on Friday.

In the macro economic news, Canada's gross domestic product (GDP) climbed 2.4% on an annual basis in July, more than market consensus for an advance of 2.2%. In the previous month, the GDP had registered a similar rise.

In the Asian session, at GMT0300, the pair is trading at 1.2831, with the USD trading 0.67% lower against the CAD from Friday's close.

The pair is expected to find support at 1.2753, and a fall through could take it to the next support level of 1.2676. The pair is expected to find its first resistance at 1.2969, and a rise through could take it to the next resistance level of 1.3108.

Trading trend in the Loonie today is expected to be determined by Canada's leading indicator for August and the RBC manufacturing PMI for September, set to release later in the day.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the AUD rose 0.32% against the USD and closed at 0.7227 on Friday.

LME Copper prices declined 0.7% or $42.0/MT to $6180.0/MT. Aluminium prices declined 0.9% or $18.5/MT to $2011.5/MT.

Overnight data revealed that, Australia's AiG performance manufacturing index advanced to 59.0 in September, compared to a reading of 56.7 in the previous month.

Elsewhere in China, Australia's largest trading partner, the Caixin manufacturing PMI slid to a level of 50.0 in September, contracting for the first time in 15 months and driven by large drop in exports recorded in two decades. In the prior month, the PMI had recorded a reading of 50.6 while market participants had envisaged for a fall to a level of 50.5.

In the Asian session, at GMT0300, the pair is trading at 0.7220, with the AUD trading 0.10% lower against the USD from Friday's close.

The pair is expected to find support at 0.7202, and a fall through could take it to the next support level of 0.7185. The pair is expected to find its first resistance at 0.7239, and a rise through could take it to the next resistance level of 0.7259.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Gold rose 0.72% against the USD and closed at USD1196.00 per ounce on Friday.

In the Asian session, at GMT0300, the pair is trading at 1193.00, with gold trading 0.25% lower against the USD from Friday’s close.

The pair is expected to find support at 1185.53, and a fall through could take it to the next support level of 1178.07. The pair is expected to find its first resistance at 1199.23, and a rise through could take it to the next resistance level of 1205.47.

The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Silver rose 2.66% against the USD and closed at USD14.66 per ounce on Friday.

In the Asian session, at GMT0300, the pair is trading at 14.65, with silver trading 0.10% lower against the USD from Friday’s close.

The pair is expected to find support at 14.35, and a fall through could take it to the next support level of 14.06. The pair is expected to find its first resistance at 14.85, and a rise through could take it to the next resistance level of 15.05.

The white metal is trading above its 20 Hr and 50 Hr moving averages.

Daily Pivots: (S1) 1.1565; (P) 1.1608; (R1) 1.1648; More.....

Intraday bias in EUR/USD remains on the downside for 1.1525 support. Decisive break there will confirm that corrective rise from 1.1300 has completed at 1.1814. In such case, deeper fall should be seen back to retest 1.1300. On the upside, above 1.1650 minor resistance will turn intraday bias neutral and bring recovery. But upside should be limited well below 1.1814 to bring fall resumption.

In the bigger picture, a medium term bottom should be in place at 1.1300, on bullish convergence condition in daily MACD and some consolidations would be seen. But still, note that EUR/USD was rejected by 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516. That carries some long term bearish implications. Thus, we'd expect fall from 1.2555 high to resume after consolidation completes. Below 1.1300 should send EUR/USD through 61.8% retracement of 1.0339 to 1.2555 at 1.1186. And, in that case, EUR/USD would head to retest 1.0339 (2017 low).

For the 24 hours to 23:00 GMT, Crude Oil rose 1.84% against the USD and closed at USD73.47 per barrel on Friday, after fresh figures from Baker Hughes disclosed that the number of active oil rigs dropped by 3 rigs to settle at 863 in the week ended 28 September.

In the Asian session, at GMT0300, the pair is trading at 73.58, with oil trading 0.15% higher against the USD from Friday’s close.

The pair is expected to find support at 72.39, and a fall through could take it to the next support level of 71.21. The pair is expected to find its first resistance at 74.25, and a rise through could take it to the next resistance level of 74.91.

Crude oil is trading above its 20 Hr and 50 Hr moving averages.

Daily Pivots: (S1) 1.2990; (P) 1.3041; (R1) 1.3080; More...

Intraday bias in GBP/USD remains on the downside for the moment. Corrective rise from 1.2661 has completed at 1.3297, ahead of 1.3316 key fibonacci level. Deeper fall should be seen to 1.2784 support first. Break will likely resume larger down trend from 1.4376 through 1.2661. On the upside, above 1.3089 minor resistance will turn intraday bias neutral and bring consolidation, before staging another decline.

In the bigger picture, whole medium term rebound from 1.1946 (2016 low) should have completed at 1.4376 already, after rejection from 55 month EMA (now at 1.4062). The structure and momentum of the fall from 1.4376 argues that it's resuming long term down trend. And this will be the preferred case as long as 38.2% retracement of 1.4376 to 1.2661 at 1.3316 holds. However, firm break of 1.3316 would bring stronger rebound to 61.8% retracement at 1.3721. And, the eventual depth of the fall from 1.4376, and the chance of hitting 1.1946 low, will depend on the strength of the interim corrective rebound from 1.2661.

Daily Pivots: (S1) 0.9765; (P) 0.9792; (R1) 0.9847; More...

USD/CHF's rise from 0.9541 is still in progress. Intraday bias remains on the upside for 0.9866 key resistance level, 61.8% retracement of 1.0067 to 0.9541 at 0.9866. Decisive break there will bring retest of 1.0067 high. On the downside, below 0.9736 minor support will turn intraday bias neutral first.

In the bigger picture, focus is now back on 0.9866 support turned resistance. Decisive break there will suggests that pull back from 1.0067 has completed at 0.9541. And larger rise from 0.9186 low is ready to resume. Decisive break of 1.0067 will pave the way to 1.0342 key resistance next. Meanwhile, break of 0.9541 will extend the decline but we don't expect a break of 0.9186 low even in that case.

Daily Pivots: (S1) 113.43; (P) 113.57; (R1) 113.83; More...

USD/JPY's rally continues today and reaches as high as 113.96 so far. Intraday bias stays on the upside. Current rally from 104.62 should target 114.73 resistance next. Decisive break there will confirm larger bullish case. On the downside, below 113.31 minor support will turn bias neutral first and bring consolidations, before staging another rally.

In the bigger picture, corrective fall from 118.65 (2016 high) should have completed with three waves down to 104.62. Decisive break of 114.73 resistance will likely resume whole rally from 98.97 (2016 low) to 100% projection of 98.97 to 118.65 from 104.62 at 124.30, which is reasonably close to 125.85 (2015 high). This will stay as the preferred case as long as 109.76 support holds.

Daily Pivots: (S1) 0.7183; (P) 0.7226; (R1) 0.7248; More...

Intraday bias in AUD/USD remains on the downside at this point. Corrective rebound from 0.7084 has completed at 0.7314 already. Deeper fall should be seen to 0.7143 support first. Break should resume whole decline from 0.8135 through 0.7804 support. In case of another rise, upside should be limited well below 0.7361 resistance to complete the correction and bring down trend resumption eventually.

In the bigger picture, rebound from 0.6826 (2016 low) is seen as a corrective move that should be completed at 0.8135. Fall from there would extend to have a test on 0.6826. There is prospect of resuming long term down trend from 1.1079 (2011 high). Current downside momentum as seen in weekly MACD support this bearish case. Firm break of 0.6826 will target 0.6008 key support next (2008 low). On the upside, break of 0.7361 resistance, however, argues that a medium term bottom is possibly in place, and stronger rebound could follow. We'll assess the medium term outlook later if this happens.