Daily Mcx Pivot Resistance Calls 08/10/2018

Daily Pivot Resistance Calls 08/10/2018

Daily morning Call 08/10/2018

Gold Prices Hurt as Fed Outlook Firms, Crude Oil May Be Topping

Gold prices are under pressure as 2019 Fed interest rate hike expectations to swell. Crude oil prices may be topping if emerging technical cues bear fruit.

Singapore Dollar May Rise on MAS, Emerging Markets Still at Risk

The Singapore Dollar may rise next week if the MAS pursues a more aggressive tightening approach given USD gains. But it, other ASEAN currencies and emerging markets remain at risk.

AUDUSD Ticks Up As China’s Service Sector Beats Forecasts In Sep

The Australian Dollar ticked up very slightly on news that China’s private service sector activity from Caixin outpaced market expectations, making up for manufacturing weakness

USD/CNH Gaps Higher After Foreign Reserves Data, Trade Wars Woes

The offshore Chinese Yuan weakened against the US Dollar after September’s dip in FX reserves, suggesting the negative effects of Trump’s tariffs.

GBP Up, AUD/USD Price May Fall with Stocks. Brazil Election Eyed

British Pound prices soared again on the Brexit news. Ahead, AUD/USD may fall alongside stocks while the markets eye the outcome of the first round of Brazil’s presidential election.

USD Slips as Unemployment Reaches Lowest rate Since 1969

The US Dollar and equities felt pressure Friday after mixed employment data for the United States and Canada.

GBP Rises on Brexit Deal Hopes, USD and CAD Jobs Reports Mixed - US Market Open

The Pound is notably firm this morning on hopes that a Brexit deal is in the pipeline, while a choppy reaction was seen in the US Dollar following a relatively mixed report.

US Dollar Drops After NFP Prints +134k; EUR/USD Re-Tests Resistance

The headline NFP print came out well-below expectations, and this has brought a a pull back to the US Dollar. Next week's quiet calendar presents a clear opportunity for trends to avail themselves.

USD Choppy on Hurricane Impacted NFP, Unemployement Lowest Since 1969

US NFP figure underwhelms expectations at 134k (185k expected), however, unemployment drops to lowest since 1969

Charts for Next Week – EUR/USD, USD/JPY, Crude Oil, Gold Price & More

Today, we looked at the euro trading just under important support, USD/JPY's reversal from resistance, a potential top in crude oil, gold choppiness, along with other charts of interest.

EUR/USD Rate Vulnerable to Upbeat U.S. Non-Farm Payrolls (NFP) Report

Updates to the Non-Farm Payrolls (NFP) report may fuel the recent weakness in EUR/USD as the U.S. economy is anticipated to add another 185K jobs in September.

S&P 500 Breaks Trend Support, Softens Technical Outlook

The SPX broke trend-line support yesterday, which could bring additional pressure on it in the near-term towards a key area of support.

EURUSD Price: Heightened Risk from a Strong Non-Farm Payroll Release

EURUSD traders will be watching the monthly US non-farm payroll release today for further confirmation of the strength of the US economy, and this could see the pair accelerate lower.

GBP Buoyed on Fresh Brexit Optimism

The Pound is notably firm this morning on hopes that a Brexit deal is in the pipeline after EU source reports suggested a deal was very close.

EURGBP Analysis: Technical Support Broken, Downtrend Reinforced

EURGBP has broken below the 200-day moving average with apparent ease and now looks to make fresh multi-month lows as the technical picture turns bearish.

US Dollar May Rise After Jobs Data, Pound Up on Brexit Deal Hopes

The US Dollar may rise after September’s jobs report bolsters a recent hawkish shift in Fed policy bets. The British Pound is up amid hopes for a Brexit deal.


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Crude Oil Price Chart Hints at Topping, US Jobs Data on Tap

Crude oil prices may be topping according to cues emerging in technical positioning. Commodities may fall as hawkish Fed policy bets outlive September’s US jobs data.


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