USD Overview

Yesterday, USD weakened against all major currencies.

The retail sales m/m data will be released later at 2030 (SGT).

  • Core Retail Sales m/m (Forecast: 0.4%, Previous: 0.7%)
  • Retail Sales m/m (Forecast: 0.7%, Previous: 0.6%)

Also, the Preliminary UoM Consumer Sentiment data (Forecast: 80.2, Previous: 80.4 revised from 78.9) will be released later at 2200 (SGT).

Day 1 of IMF meetings will start today and last throughout the weekend.


NZD/USD Outlook

Overall, NZD/USD is ranging across. Recently, NZD/USD broke below the key level of 0.66.

The New Zealand General Election will be held tomorrow.

Day 1 of IMF meetings will start today and last throughout the weekend.

Currently, NZD/USD is testing to break above the key level of 0.66. Its next support zone is at 0.65200 and the next resistance zone is at 0.67600.
Look for short-term selling opportunities of NZD/USD if it fails to break above the key level of 0.66.


AUD/USD Outlook

Overall, AUD/USD is ranging across. Recently, AUD/USD broke below the key level of 0.71.

Day 1 of IMF meetings will start today and last throughout the weekend.

AUD/USD’s next support zone is at 0.69800 and the next resistance zone is at 0.71700.
Look for short-term selling opportunities of AUD/USD.


USD/JPY Outlook

Overall, USD/JPY is ranging across. Recently, USD/JPY trended into the resistance zone of 105.400.

Day 1 of IMF meetings will start today and last throughout the weekend.

Currently, USD/JPY is testing the resistance zone of 105.400 and the next support zone is at 105.200.
Look for short-term selling opportunities of USD/JPY if it bounces off the resistance zone of 105.400.


EUR/USD Outlook

Overall, EUR/USD is ranging across. Recently, EUR/USD broke the support zone of 1.17400.

Yesterday, European Commission Head of Task Force for Relations with the UK Michel Barnier said that there still exist many unfinished businesses in terms of the Brexit trade deal.

The final CPI y/y data will be released later at 1700 (SGT).

  • Final CPI y/y (Forecast: -0.3%, Previous: -0.3%)
  • Final Core CPI y/y (Forecast: 0.2%, Previous: 0.2%)

Day 1 of IMF meetings will start today and last throughout the weekend.

EUR/USD’s next support zone is at 1.15300 and the next resistance zone is at 1.17400.
Look for short-term selling opportunities of EUR/USD.


GBP/USD Outlook

Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced off the resistance zone of 1.30200.

Yesterday, European Commission Head of Task Force for Relations with the UK Michel Barnier said that there still exist many unfinished businesses in terms of the Brexit trade deal.

Day 1 of IMF meetings will start today and last throughout the weekend.

Currently, GBP/USD is testing to break below the key level of 1.29. Its next support zone is at 1.28000 and the next resistance zone is at 1.30200.
Look for short-term buying opportunities of GBP/USD if it breaks the resistance zone of 1.30200.


USD/CAD Outlook

Overall, USD/CAD is ranging across. Recently, USD/CAD trended upwards into the resistance zone of 1.32200

Day 1 of IMF meetings will start today and last throughout the weekend.

Currently, USD/CAD is testing the resistance zone of 1.32200 and the next support zone is at 1.30240.
Look for short-term buying opportunities of USD/CAD if it breaks the resistance zone of 1.32200.


GBP/JPY Outlook

Overall, GBP/JPY is trending upwards. Recently, GBP/JPY trended downwards into the support zone of 136.200.

Yesterday, European Commission Head of Task Force for Relations with the UK Michel Barnier said that there still exist many unfinished businesses in terms of the Brexit trade deal.

Day 1 of IMF meetings will start today and last throughout the weekend.

Currently, GBP/JPY is testing to break the support zone of 136.200 and the next resistance zone is at 138.100.
If GBP/JPY breaks the support zone of 136.200, look for short-term selling opportunities.


EUR/JPY Outlook

Overall, EUR/JPY is ranging across. Recently, EUR/JPY bounced up from the key level of 123.

Yesterday, European Commission Head of Task Force for Relations with the UK Michel Barnier said that there still exist many unfinished businesses in terms of the Brexit trade deal.

The final CPI y/y data will be released later at 1700 (SGT).

  • Final CPI y/y (Forecast: -0.3%, Previous: -0.3%)
  • Final Core CPI y/y (Forecast: 0.2%, Previous: 0.2%)

Day 1 of IMF meetings will start today and last throughout the weekend.

EUR/JPY’s next support zone is at 121.700 and the next resistance zone of 124.600.
Look for short-term selling opportunities of EUR/JPY.


close

Get notified when there is a new post. Read new post to earn 10 points!

1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 5.00 out of 5)
Loading...

Rate an article for points!

By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

Leave a Reply

Your email address will not be published. Required fields are marked *