Sample Category Title

For the 24 hours to 23:00 GMT, the USD declined 0.18% against the JPY and closed at 112.31.

In the Asian session, at GMT0300, the pair is trading at 112.42, with the USD trading 0.10% higher against the JPY from yesterday’s close.

The pair is expected to find support at 112.24, and a fall through could take it to the next support level of 112.07. The pair is expected to find its first resistance at 112.58, and a rise through could take it to the next resistance level of 112.75.

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

For the 24 hours to 23:00 GMT, the USD declined 0.49% against the CHF and closed at 0.9970.

In economic news, Switzerland’s total sight deposits rose to a level of CHF576.1 billion in the week ended 13 July, from CHF576.0 billion in the previous week.

In the Asian session, at GMT0300, the pair is trading at 0.9968, with the USD trading marginally lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9947, and a fall through could take it to the next support level of 0.9925. The pair is expected to find its first resistance at 1.0006, and a rise through could take it to the next resistance level of 1.0043.

With no macroeconomic indicators scheduled for release in Switzerland today, investors would look forward to global macroeconomic releases for further directions.

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

For the 24 hours to 23:00 GMT, the USD declined 0.12% against the CAD and closed at 1.3138.

On the data front, Canada's existing home sales rebounded 4.1% on a monthly basis in June, following a drop of 0.1% in the previous month. Markets had envisaged existing home sales to rise 1.7%.

In the Asian session, at GMT0300, the pair is trading at 1.3134, with the USD trading a tad lower against the CAD from yesterday's close.

The pair is expected to find support at 1.3109, and a fall through could take it to the next support level of 1.3084. The pair is expected to find its first resistance at 1.3160, and a rise through could take it to the next resistance level of 1.3186.

Going ahead, investors would look forward to Canada's manufacturing sales for May, scheduled to release later in the day.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

For the 24 hours to 23:00 GMT, the AUD declined 0.05% against the USD and closed at 0.7418.

LME Copper prices declined 0.4% or $23.0/MT to $6143.0/MT. Aluminium prices rose 1.3% or $28.0/MT to $2130.0/MT.

In the Asian session, at GMT0300, the pair is trading at 0.7416, with the AUD trading marginally lower against the USD from yesterday’s close.

The minutes of the Reserve Bank of Australia’s (RBA) July monetary policy meeting indicated that the policymakers expressed growing concerns on high domestic debts and ongoing global trade war. The central bank agreed for a rate hike but are in no rush for a near-term move.

The pair is expected to find support at 0.7398, and a fall through could take it to the next support level of 0.7380. The pair is expected to find its first resistance at 0.7438, and a rise through could take it to the next resistance level of 0.7460.

Trading trends in Aussie will be determined by Australia’s Westpac leading index for June, slated to be released overnight.

The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.

For the 24 hours to 23:00 GMT, Gold declined 0.19% against the USD and closed at USD1240.80 per ounce, as expectations of higher interest rates in the US weighed on the precious yellow metal.

In the Asian session, at GMT0300, the pair is trading at 1240.50, with gold trading marginally lower against the USD from yesterday’s close.

The pair is expected to find support at 1236.67, and a fall through could take it to the next support level of 1232.83. The pair is expected to find its first resistance at 1245.07, and a rise through could take it to the next resistance level of 1249.63.

The yellow metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

For the 24 hours to 23:00 GMT, Silver declined 0.35% against the USD and closed at USD15.81 per ounce, tracking losses in gold prices.

In the Asian session, at GMT0300, the pair is trading at 15.83, with silver trading 0.09% higher against the USD from yesterday’s close.

The pair is expected to find support at 15.76, and a fall through could take it to the next support level of 15.69. The pair is expected to find its first resistance at 15.89, and a rise through could take it to the next resistance level of 15.97.

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

For the 24 hours to 23:00 GMT, Crude Oil declined 3.83% against the USD and closed at USD67.96 per barrel, as Libyan ports resumed export activities and traders eyed potential supply increases by Russia and other producers.

In the Asian session, at GMT0300, the pair is trading at 68.09, with oil trading 0.19% higher against the USD from yesterday's close, as the oil worker strike in Norway intensified.

The pair is expected to find support at 66.86, and a fall through could take it to the next support level of 65.63. The pair is expected to find its first resistance at 70.03, and a rise through could take it to the next resistance level of 71.98.

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

Daily Pivots: (S1) 1.1681; (P) 1.1705 (R1) 1.1733; More.....

Intraday bias in EUR/USD as consolidation from 1.1507 is in a rising leg to 1.1790. But upside should be limited by 1.1851 resistance to bring fall resumption eventually. On the downside, below 1.1612 will bring retest of 1.1507 low first. Decisive break there will resume larger fall from 1.2555. In that case, EUR/USD should drop through 50% retracement of 1.0339 to 1.2555 at 1.1447 to 61.8% retracement at 1.1186.

In the bigger picture, EUR/USD was rejected by 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516. And, a medium term top was formed at 1.2555 already. Decline from there should extend further to 61.8% retracement of 1.0339 to 1.2555 at 1.1186 and below. For now, even in case of rebound, we won't consider the fall from 1.2555 as finished as long as 1.1995 resistance holds.

Daily Pivots: (S1) 1.3204; (P) 1.3248; (R1) 1.3280; More...

Intraday bias in GBP/USD stays mildly on the upside. Consolidation from 1.3048 is still in progress with another leg to 1.3362, or possibly above. But upside is expected to be limited by 1.3471 to bring larger decline resumption eventually. On the downside, break of 1.3048 will resume fall from 1.4376 for 1.2874 fibonacci level next.

In the bigger picture, whole medium term rebound from 1.1936 (2016 low) should have completed at 1.4376 already, after rejection from 55 month EMA (now at 1.4179). Fall from 1.4376 should extend to 61.8% retracement of 1.1936 (2016 low) to 1.4376 at 1.2874 next. We'll pay attention to the reaction from there to asses the chance of long term down trend resumption. On the upside, sustained break of 38.2% retracement of 1.4376 to 1.3048 at 1.3555 is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 0.9942; (P) 0.9987; (R1) 1.0013; More...

USD/CHF's pull back fro 1.0067 is still in progress. At this point, we'd still expect strong support from 4 hour 55 EMA (now at 0.9960) to contain downside and bring rebound. Above 1.0067 will extend larger rise from 0.9186 to 61.8% projection of 0.9186 to 1.0056 from 0.9787 at 1.0325, which is close to 1.0342 key resistance. However, sustained break of the 4 hour 55 EMA will dampen this bullish view and turn focus back to 0.9858 support instead.

In the bigger picture, rise from 0.9186 is seen as a leg inside the long term range pattern. After drawing support from 55 day EMA, it's now resuming for 1.0342 key resistance. For now, we'd still cautious on strong resistance from there to limit upside. Meanwhile, break of 0.9787 support is needed to signal completion of the rise. Otherwise, outlook will remain bullish even in case of deep pull back.