Market Update – August 24 – USD Cools, Equities, Crude Oil & Gold hold gains

Market News Today

(USDIndex 93.00).93.00 سے نیچے نہیں جاسکا. FUTS 4485 . Yields 10yr 1.255% ,USA 500 closed 0.85%+ .Nasdaq biggest mover +1.55 . اس کی وجہ ہے کہ
Bio Ntech (+9.5%) Pfizer (+2.5%) . کل کاPMI Data کافیMixed آیا.USOIL rallied 5% اور اب$65.50 سے اوپر. Gold میںUSD weakness کی وجہ سے تیزی آئی$1800 سے اوپر.Friday close at $1778 تھا.

European Open

Sentiment .Bonds under pressure میں تیزی. Ten-year Bund Future 9 ticks سے نیچے.
US Futures میں بھی Negative Territory میں. DAX & FTSE 100 Futures میں تیزی. Fx میں
Safe-heaven flows میں Cable 1.3743 .EURUSD 1.1743 .Reversal میں سستی.
USDJPY 110.00 سے نیچے. اب109.80 پر.AUD& NZD سب سے بہترین performers. NZ سے German Q2 GDP .Strong retail sales
German Q2 GDP Expected 1.6% سے تھوڑا زیادہ.

Today – US New Home Sales, ECB’s Schnabel, BOE’s Tenreyro and supply from Germany and the US.  G7 to meet regarding Afghanistan.

Biggest FX Mover

NZDJPY (+0.55%) اس نے7 دن کی Losing streak کو توڑا. اب 74.56 پر. 76.03 کو Test کرتے ہوے. اب 75.97 پر واپس.Faster MA اوپر کی طرف. MACD اور Signal line 0 سے اوپر.RSI 70.82 اورOB Zone کو Test کرتے ہوۓ. Daily ATR 0.69, H1 ATR 0.112, Stoch OB zone


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Stuart Cowell

Head Market Analyst

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