MonsunAsia

MonsunAsia Updated 

USD - BEARISH 1️⃣ FED warned that ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term. 2️⃣ Doubts on the US strong economic recovery and uncertainties regarding the $1 trillion stimulus package proposed by Senate Republicans, as...

MonsunAsia Updated 

GBP - BULLISH 1️⃣ EU's chief Brexit negotiator Michel Barnier said that a new deal with Britain was possible. 2️⃣ Britain's government said that it had agreed to buy up to 60 million doses of a possible COVID-19 vaccine being developed by Sanofi and GlaxoSmithKline if it proves successful, the fourth such deal it has struck. USD - BEARISH 1️⃣ FED warned that...

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===== MARKET OUTLOOK ===== EUR - BULLISH 1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies. 2️⃣ German Business Climate came in on the strong side in July. 3️⃣ German Q2 GDP should be better due to spending recoveries. AUD -...

MonsunAsia Updated 

USD - BEARISH JPY - BULLISH

MonsunAsia Updated 

#EUR - Bullish Mode Recap: 1️⃣ Private sector activity continued to see a pickup in activity in July. The Eurozone’s Services PMI jumped from 48.3 to 55.1, with the Manufacturing PMI rising from 47.4 to 51.1. 2️⃣ European Union set aside differences and agreed a COVID-19 recovery fund. This signal of solidarity, combined with monetary and budget stimulus, could...

MonsunAsia Updated 

#GBP - Bullish Mode Recap: 1️⃣ In June, retail sales surged by 13.9%, month-on-month, with core retail sales jumping by 13.5%. 2️⃣ Private sector activity also impressed. According to prelim figures, the all-important services PMI jumped from 47.1 to 56.6. With the Manufacturing PMI rising from 50.1 to 53.6, the composite increased from 47.7 to 57.1. 3️⃣ A...

MonsunAsia Updated 

#AUD - Bearish Mode Recap: 1️⃣ Aussie down because of the rising COVID-19 cases in Australia,disappointing business confidence data and global risk sentiment moved towards negative. 2️⃣ U.S.-China tensions were once again a focus after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help...

MonsunAsia Updated 

#NZD - Bearish Mode Recap: 1️⃣ U.S.-China tensions were once again a focus after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help ‘change the behaviour’ of their government. 2️⃣ Negative performance was driven mainly by global risk sentiment moves. Review: 1️⃣ It’s another quiet week...

MonsunAsia

===== MARKET OUTLOOK ===== CAD - BEARISH 1️⃣ Oil price gains are capped by concerns the resumption of COVID-19 in America will curtail demand. 2️⃣ Flaky risk sentiment are hampering the Loonie. CHF - BULLISH 1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be...

MonsunAsia Updated 

🇬🇧 GBP - BULLISH 1️⃣ Investors await any development on whether both parties could reach an agreement by the end of the year, but media reports suggested negotiators remained deadlocked on key issues like fishing rights, the deal’s governance, and the European Court of Justice’s role. There will be a new round of talks next week and another in August. 2️⃣ The...

MonsunAsia Updated 

===== MARKET OUTLOOK ===== 🇪🇺 EUR - BULLISH 1️⃣ The annual inflation rate in the European zone was confirmed to increase to in June 2020. 2️⃣ Euro benefit from a massive coronavirus aid package agreed by EU leaders on Tuesday. 3️⃣ The already stronger euro got an additional boost from upbeat Eurozone PMI prints. 🇺🇸 USD - BEARISH 1️⃣ Concerns over rising issues...

MonsunAsia

Asian markets are set to open mostly lower on Friday as China vowed to retaliate against a U.S. order to close one of its consulates, and the American equity markets fell on gloomy data about its labor market. If price up to this level and market remains uncertainty, this trade idea have high probability to drop.

MonsunAsia

AUD - BEARISH CAD - BULLISH

MonsunAsia

NZD positive CHF negative