Forex Daily Market Insight

SMART TRADING. SMART TRADERS

MARKET ANALYSIS

UPDATED: FRI, JUL 10, 2020

GMT 00:10

ANALYZE – The current forex market and understand what has happened and what is currently driving the forex markets.

Market Insight

Market Conditions

july, 2020

09julAll DayGood - Majors trading technically very well, Geopolitics lingering(All Day)

Market Driver

july, 2020

08julAll DayGeopolitics related to Covid 19IMPACT: GLOBAL FX, EQUITY & BOND MARKETS(All Day)

#TRADEWITHTHEMARKET

PLAN – Identify the direction and optimal entry levels before deciding upon a trading strategy and trade execution tool.

Instrument

Market Direction

Optimal Entry Point

Instrument

USDJPY

USDCAD

USDCHF

EURUSD

GBPUSD

AUDUSD

NZDUSD

S.T.

L.T.

Macro

Support

106.85

1.3492

0.9190

1.1261

1.2565

0.6954

0.6557

Resistance

107.56

1.3612

0.9412

1.1368

1.2685

0.7020

0.6755

Trading Focus - Current Active Pairs

UPDATED: FRI, JUL 10, 2020

GMT 00:10

Our analyst picks will help you understand the fundamental and technical influences on currency pairs and how to apply specific trading strategies.

Instrument

AUDUSD

NZDUSD

Direction

Preference

Buy

Buy

Entry 1

0.6954

0.6557

Entry 2

0.7000

0.6600

Target

0.7150

0.6755

Market Drivers

In the long term forex markets are driven by fundamental data such as macroeconomic data releases and central bank sentiment. In the shorter term Geopolitical and other financial asset classes such as equities can also drive the markets.

Macroeconomic Data

july, 2020

10jul12:30 pm12:30 pmEmployment ChangeIMPACT: USDCAD & CAD CROSSES12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

10jul12:30 pm12:30 pmPPI M/MIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :Medium ImpactTill the Data is Released!

16jul12:30 pm12:30 pmInitial Jobless ClaimsIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

23jul12:30 pm12:30 pmInitial Jobless ClaimsIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

30jul12:30 pm12:30 pmInitial Jobless ClaimsIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

Central Bank Driver

No Events on The List at This Time

Geopolitical Driver

july, 2020

08julAll DayGeopolitics related to Covid 19IMPACT: GLOBAL FX, EQUITY & BOND MARKETS(All Day)