Market Update – August 17 – Sentiment weak, USD holds gains

Market News Today

USD Index 92.70 میں تیزی. مارکیٹRisk-off میں. Virus پھیل رہا ہے. New Zealand میں Lockdown . افغانستان سے خبریں.Asian .Yields (10yr 1.25%) مارکیٹ نیچے.AUD overnight .USA 500 4479 بری خبر سے Pressured.مزید Pressure ہوسکتا ہے. JPY سے بہتر(Services activity) Data میں. USOIL اوپر. USOIL نے $ 66.70 – $65.50 تک Spike بنائی.Gold میںRally آئی $1770 سے $1790 تک اور UKمیں
Jobs data اپنی Expected سے بہتر آیا.

European Open

مارکیٹ میں اب Risk aversion موجود یعنی کہRisk-off . اس کی وجہ مارکیٹ میں Virus developments اور Geopolitical developments کی وجہ سے Risk-on میں. DAX , FTSE 100 کے Futures میں -0.03% کمی. US futures میں کمی. Fx Market میں Dollar demand میں.EURUSD میں کمی1.1770 . Pound میں کمی1.3821 تک.

Today – EZ GDP (2nd), US Retail Sales, Industrial production, Fed’s Powell, Kashkari, Earnings – Walmart.

Biggest Mover

Lock news .NZDUSD(-1.22%) کی وجہ سےNZDUSD .USD Safe-heaven میں
0.7025 سے Crash اور Last week high 0.7060 ابMACD , faster MA .0.6920
Histogram سب Lower ہیں. RSI 17.80; OS but still falling. H1 ATR 0.0014,
Daily ATR 0.0058

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Stuart Cowell

Head Market Analyst

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