Re: Hotforex.com - Market Analysis and News.
Date : 22nd August 2019.
MACRO EVENTS & NEWS OF 22nd August 2019.
FX News Today
* FOMC minutes did not provide strong clues on the direction of rates.
*** Yields closed at their highs of the session after holding cheap levels all session. The curve narrowed below 1 bp as the short end underperformed.
** Topix and Nikkei are currently down -0.13% and -0.09% respectively, despite improvements in PMI readings that were counterbalanced by an as expected decline in the All Industry Index.
* The WTI future meanwhile fell back to $55.45 per barrel.
* Brexit: Merkel gives Johnson 30 days to solve Backstop conundrum.
* Johnson is today expected in Paris, where the tone is likely to be harsher than in Berlin, although both Merkel and Macron have stressed that they are ready for a no-deal Brexit if there is no agreement.
* The UK curve remains inverted out to the 10-year area.
Charts of the Day
*USDJPY printed a two-day low, at 106.28.The biggest mover, not surprisingly, has been AUDJPY, a forex market barometer of shifting risk-appetite patterns in global markets. The cross was showing a 0.5% loss heading into the London interbank open, and was testing one-week lows at 71.90. Next Support stands at 71.76 and 71.60. Resistance is at the pivot 72.20 level.
Main Macro Events Today
****Support and Resistance levels
Always trade with strict risk management. Your capital is the single most important aspect of your trading business.
Please note that times displayed based on local time zone and are from time of writing this report.
Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.
Andria Pichidi
Market Analyst
HotForex
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
Date : 22nd August 2019.
MACRO EVENTS & NEWS OF 22nd August 2019.
FX News Today
* FOMC minutes did not provide strong clues on the direction of rates.
*** Yields closed at their highs of the session after holding cheap levels all session. The curve narrowed below 1 bp as the short end underperformed.
** Topix and Nikkei are currently down -0.13% and -0.09% respectively, despite improvements in PMI readings that were counterbalanced by an as expected decline in the All Industry Index.
* The WTI future meanwhile fell back to $55.45 per barrel.
* Brexit: Merkel gives Johnson 30 days to solve Backstop conundrum.
* Johnson is today expected in Paris, where the tone is likely to be harsher than in Berlin, although both Merkel and Macron have stressed that they are ready for a no-deal Brexit if there is no agreement.
* The UK curve remains inverted out to the 10-year area.
Charts of the Day
*USDJPY printed a two-day low, at 106.28.The biggest mover, not surprisingly, has been AUDJPY, a forex market barometer of shifting risk-appetite patterns in global markets. The cross was showing a 0.5% loss heading into the London interbank open, and was testing one-week lows at 71.90. Next Support stands at 71.76 and 71.60. Resistance is at the pivot 72.20 level.
Main Macro Events Today
****Support and Resistance levels
Always trade with strict risk management. Your capital is the single most important aspect of your trading business.
Please note that times displayed based on local time zone and are from time of writing this report.
Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.
Andria Pichidi
Market Analyst
HotForex
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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