• 日. 10月 17th, 2021

    TRADEVIEW MARKET-INSIDER

    Market news from tradeview.tech

    Daily U.S. Session Watchlist: AUD/JPY

    ByRealtrade.news

    7月 31, 2020


    With economic events up ahead from Australia, China and Japan ahead, will the consolidation on AUD/JPY finally turn into a breakout?

    Before moving on, ICYMI, today’s Daily London Session Watchlist looked at an opportunity forming on EUR/USD ahead of German & U.S. data, so be sure to check that out to see if there is still a potential play!

    Intermarket Snapshot

    Equity MarketsBond YieldsCommodities & Crypto
    DAX: 12331.44 -3.83%
    FTSE: 5964.55 -2.72%
    S&P 500: 3220.32 -1.17%
    DJIA: 26117.59 -1.59%
    US 10-YR: 0.543% -0.038
    Bund 10-YR: -0.546% -0.047
    UK 10-YR: 0.084% -0.036
    JPN 10-YR: 0.018% -0.002
    Oil: 39.32 -4.72%
    Gold: 1,937.00 -0.84%
    Bitcoin: 10966.54 -1.49%
    Ethereum: 317.72 -0.10%

    Fresh Market Headlines & Economic Data:

    Dow futures drop 200 points amid record GDP decline, tech shares fall before big earnings

    Second-quarter U.S. GDP plunged by worst-ever 32.9% amid virus-induced shutdown

    U.S. weekly jobless claims rise for a second straight week, total 1.434 million

    German GDP in the 2nd quarter of 2020 down 10.1% q/q

    German Preliminary CPI read for July 2020 -0.1% m/m

    German employment change in June 2020: -0.1% m/m, -1.3% y/y

    UK worries about second COVID-19 wave in Europe, more quarantine steps possible

    China pledges second-half policy support as faces complex economic situation

    KOF Swiss economic barometer for July: 85.69 vs 60.65 in June

    Upcoming Potential Catalysts on the Economic Calendar for U.S. & Asia:

    Japan Unemployment rate at 11:30 pm GMT

    Japan Industrial Production at 11:50 pm GMT

    China Services PMI at 1:00 am GMT (July 31)

    Australia PPI, Private Sector Credit at 1:30 am GMT (July 31)

    Japan Consumer Confidence, Housing Starts at 5:00 am GMT (July 31)

    What to Watch: AUD/JPY

    AUD/JPY 1-Hour Forex Chart

    It’s been a sleepy market for AUD/JPY over the past few sessions, prompting price action to form a consolidation pattern on the one hour chart above. But we could be in for a breakout as risk sentiment flips negative on the session, enough to start to push AUD/JPY below the bottom of the range. 

    For the bears out there, if we see negative Australia / China economic updates come out weaker-than-expected, not only culd that put pressure on the Aussie, but also add to negative global risk sentiment which would likely support the Japanese yen.

    With  a stop above the consolidation range and target around the a daily ATR of around 70 pips, you’ve got a decent short-term potential return-on-risk, as well as a potential swing trade setup. That consolidation break could draw in longer-term traders and create momentum lower if risk sentiment stays negative.

    For the bulls, it’ll likely take a combination of both better-than-expected Australian / Chinese data and positive global risk sentiment to draw in buyers on the pair.  If that scenario plays out, then watch out for a sustained break above the consolidation area before considering a long position.

    Or if the pair is able to sustain above the 75.00 handle before the events, consider a long position at the market if we see positive data from that part of the world. 



    Source link

    TradeviewForex入会特典

    Tradeviewforex.infoでは特別にトレード手数料を抑えたアカウントを提供しています。
    ・Xレバレッジ:手数料80%割引(例:1000円→200円)※スプレッド圧縮の形での還元
    ・ILC口座:1ロット当たりの手数料60%オフ(通常500円→300円)

    追加アカウントでの入会の場合は、連絡事項に「212283に乗換を希望」とご記入ください。

    コメントを残す

    メールアドレスが公開されることはありません。 * が付いている欄は必須項目です

    English English Japanese Japanese