ALL about those weekly claims

0

This post is also available in: فارسی (Persian)

Daily News – 2 April 2020

By: Stuart Cowell

Good Morning – Strong start to Q2 for USD – holds gains overnight. Equities sink in US & Asia and Treasuries gain after TRUMP acknowledges the seriousness of the situation (100k-240k US citizens could die) & considers banning domestic flights. New York & London new epicenters.

USD Index – holds over 99.45 PP at 99.63 R1 100.00
EUR – continues to trend lower – 1.0946 (PP @10965) S1 10890
JPY – recovered from 107.00 yesterday to PP @107.25 – S1 106.60 – R1 107.70
GBP – testing 1.2400 again – PP at 1.2390 – R1 1.2458, S1 1.2335
AUD – under pp (0.6100) to trade at 200hr MA support 0.6070. R1 0.6160, S1 0.6012.
NZD – trades at 00.5925 pp & 200hr MA
CAD – under PP & 200hr MA (1.4175) trades at 1.4135 – S1 1.4096
CHF – capped at r1 0.9700 support at 200hr MA & PP 0.9650

USA500 – down 4.4% on close (-114pts to 2470) 
FUTS trade up at PP 2490. 28th day below 20 days moving average.

BTC trades@ 6,600 up from 6200 yesterday

GOLD – touched 1575 (50 fib level) yesterday, rallied to 1600, now back to 1586 & PP. s1 1572, R1 1601
USOil – 5 times under $20.00 yesterday – trades now 21.70 – SA talks of stabilization but continues to calls out Russia in the continuing war of words and production.

TODAY – ALL about those weekly claims again after the BOOM of last week another record-breaking 3.7 million expected this week. (Reuter’s poll ranges as high as 5 million) other data includes CHF CPI, Challenger Job Cuts (!) CAD Trade Balance & US Factory Orders.

Biggest (FX) Mover @ (06:00 GMT) CADCHF (+0.80%) –Rallied from lows yesterday at 0.6770 and breached 200HR MA & 0.6800 on open today. R1 (0.6839) also broken earlier. Other MA’s remain aligned higher, RSI (68 and rising, MACD histogram signal line rising breached 0-line on open, Stochastics testing OB. – H1 ATR 0.0014, Daily ATR 0.0111.


Risk Warning: Trading-Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience, before trading, and if necessary, seek independent advice.

LEAVE A REPLY

Please enter your comment!
Please enter your name here