Market News – 10 Jan 2020

0

This post is also available in: فارسی (Persian)

 

By: Stuart Cowell

Good Morning – Risk is back – Equities new record highs – this is getting boring – the mighty APPLE up over 2% at $308. USD continued to bounce (the best week in 8 on the cards), as Gold & JPY cooled further. Ukrainian 737 downed by “mistake”? – No Phase 2 deal until after Election – TRUMP.

USD Index – holds 97.00 and pp at 97.10

EUR – clings for life over 1.1100 pp at 1.1107 – S1 1.1092, R1 1.1120
JPY – at key DAILY resistance at 109.50 – R1 109.70, PP 109.35
GBP – climbed off CARNEY inspired 1.3010 floors to 1.3070 – R 1.3100, pp 1.3065 – Parliament passed the Brexit Bill – 3 weeks to go.
AUD (Strong Retail sales overnight) – UP over R1 (0.6875) trades at 0.6880 – after a very weak week. Bushfires intensify again.
CAD – sits at PP at 1.3060 – down from yesterday’s flirt with 1.3100 – CAD Jobs today too.

GOLD – 1550 pivot holding for now. S1 1542, R1 & 50MA 1562
Oil – remains under $60 at 59.50 pp, S1 58.75 – R1 $60.25

BTC – also unwinding rally that spiked at 8300 – trades at 7700.

Equities – a record high – closed at 3274 – FUTS trade at 3283

TOADY – All about NFP – expectations of 160K – earnings to tick up to 0.3% from 0.2% (& 3.1% YoY) and Unemployment – unchanged at 3.5%. Also, CAD jobs (a bounce to 25K expected), later Wholesale inventories, the weekly Oil Rig count and the CFTC reports.

Biggest (FX) Mover overnight @ (07:30 GMT) AUDJPY – two days in a row broke and held 0.7500 yesterday and moved up again overnight (+0.33%) – Approaching OB on RSI & Stochastic


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