Currency Coverage Week of 10/19/2020

Consolidated Calendar

Date	10/19/2020	10/20/2020	10/21/2020	10/22/2020	10/23/2020
USA	FED Chair Powell speech	Building Permits, Housing Starts		Jobless Claims, Existing Home Sales, Presidential Debate
JPN				National CPI
GB			CPI	Governor Bailey’s Speech	Market PMI
CAN			Retail Sales, Consumer CPI
AUS	RBA Meeting Minutes			Retail Sales

Correlation Table

DXY

Major Pairs

USD/JPY

Last Close: 105.41

Trend Chart: Short

Price Basket: Neutral

Yield Curve: Neutral

CoT:

USD: Long
YEN: Short

Key Levels:

Resistance: 106.65
Support: 105.21

Central Banks Stance:

FED – Dovish (Short)
BoJ – Dovish (Long)

5-Day ADR (80, 95 confidence intervals): 0.48, 0.51

Geopolitical Risk

USA – Stimulus talks, election and debate status, trade tensions
JPN – Trade tensions

Overall Outlook: Neutral, could be a short breakout, but the currency is very volatile at the moment and sideways action is likely.

GBP/USD

Last Close: 1.2917

Trend Chart: Neutral

Price Basket: Short

Yield Curve: Short

CoT: Short

Key Levels:

Resistance: 1.3022
Support: 1.2837

Central Banks Stance:

BoE: Dovish

5-Day ADR (80, 95 confidence intervals): 0.0158, 0.0172

Geopolitical Risk:

UK: Brexit Negotiations

Overall Outlook: Short, Brexit negotiations seem to have fallen apart. However, if Boris Johnson gets called on a bluff, currency could appreciate instead.

Commodity Pairs