ANALYSIS
USDCAD
USDCAD DAILY
USDCAD HOURLY
AUG CRUDE OIL DAILY
EURUSD
EURUSD DAILY
EURUSD HOURLY
AUG GOLD DAILY
GBPUSD
The British pound had a rough open in Europe this morning as traders appeared to gun for GBP sell stops below 1.2390 in GBPUSD and above 0.9045 in EURGBP. We have since reversed course in both pairs as more negative Brexit developments have been sparse so far today, and with that we think GBP selling might take a breather here. The UK reported its June CPI data in line with expectations earlier this morning (+2.0% YoY) and so it wasnt a market mover.
GBPUSD DAILY
GBPUSD HOURLY
EURGBP DAILY
AUDUSD
The Aussie is slipping all the way back to chart support at the 0.7000 level this morning and it appears slumping base metal prices seem to leading the charge today (Chinese Dalian iron ore and copper prices both trading lower). We also think this could be trader position squaring ahead of Australias June Employment Report, which will be released at 9:30pmET tonight. The consensus expectation is for a gain of 10k jobs last month and an unemployment rate of 5.2%.
AUDUSD DAILY
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SEP COPPER DAILY
USDJPY
Dollar/yen reached the 108.30s fairly easily yesterday after the market regained the 108.10s in the early goings, but it has been struggling there ever since. A slip back lower in global bond yields hasnt helped, nor has this mornings weak US housing data and a slew of option expiries centered around the 108.30 strike (1.3blnUSD). BOJ governor Kuroda spoke earlier today but his comments were not market moving. More here from Reuters.
USDJPY DAILY
USDJPY HOURLY
US 10YR BOND YIELD DAILY
Charts: TWS Workspace
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