Equities closed flat but rise in Asia

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Daily News – 29 April 2020

By: Stuart Cowell

Equities closed flat but rise in Asia, USD down (99.70) ahead of the Fed, and big rally in Oil (13.75) as private inventories not as bad as expected. Gold recovers $1700. Countries & US states continue lockdown easing measures. Alphabet beats (up 8% after hours). AUD CPI holds up. JPY closed today

USD Index – sank to 99.45 (S1) yesterday, remains sub 100 at 99.70 – PP 99.9, R1 100.30 next key support 99.00 (S2)
EUR – holds 1.0850 (rallied to 1.0888 yesterday) R1 1.0870, S1 1.0785
JPY – 5th day down – trades at 106.50 (s1) – pp 106.90, R1 107.25. S2 106.10, S3 105.70
GBP – spiked to 1.2500 yesterday – now at 1.2480 – R1 1.2492, R2 1.2555. PP 1.2450 S1 1.2375
AUD breached 0.6500 yesterday. 6th day up today at 0.6540. R2 0.6560, PP 0.6480.
NZD breaches 0.6100
CAD – under 1.4000 as Oil rallied – trades down to 1.3930 (S1) s2 at 1.3860 – PP 1.4000.
CHF – back down to 0.9725.
BTC – up again to 7850 (s2) – 8k next key level

Gold fell to 1690 (s1) yesterday now trades at 1710 – PP 1703, R1 1715
USOil BIG rally from 10.00 lows yesterday to 14.35 overnight – trades at 13.35. PP 11.85, S1 10.10 R1 13.80, R2 15.40.

USA500 down 0.5% (15 pts) at close – 2863 (USA100 lost 1.4% as Tech sold ahead of results) USAFUTS now 2896 – Alphabet beat expectations after close – shares down 3.3%, – rallied 8% after hours.

FED DAY TODAY and German regional and national CPI, EZ sentiment data, US GDP (Q1), PCE (Q1), – plus Earnings from FB, Microsoft, Barclays, Boeing, Tesla, et al.

Big day Biggest (FX) Mover @ (06:00 GMT) NZDUSD (+0.72%) –From lows under 60.00 yesterday, the pair has moved up through 200MA, PP and R1 and even breached 61.00. Fast MA’s aligned higher, RSI 67, and testing OB zone MACD histogram & signal line aligned higher and rising 0-line breached 14:00 yesterday. Stochastics & MFI moved down from OB zones. H1 ATR 0.0013, Daily ATR 0.0080.


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