Currency Coverage Week of 10/26/2020

Consolidated Calendar

Date10/26/202010/27/202010/28/202010/29/202010/30/2020
USANew Home SalesDurable Goods, Consumer ConfidenceGoods Trade Balance Jobless Claims, GDP (Annualized)Michigan Consumer Sentiment 
JPN  BoJ Rate Decision, BoJ Policy StatementBoJ Press Conference, Tokyo CPI, Unemployment Rate 
UK     
CAN  BoC Rate Statement, BoC Policy Report, BoC Press ConferenceBuilding PermitsGDP (MoM)
AUS CPI PPI 

Correlation Table

DXY

Major Pairs

USD/JPY

Last Close: 104.71

Trend Chart: Short

Price Basket: Short

Yield Curve: Long

10/22 (Green) vs 10/15

CoT:

  • USD – Short
  • YEN – Long

Key Levels:

  • Resistance – 105.67
  • Support – 104.50

Central Banks Stance:

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

5-Day ADR (80, 95 confidence intervals): 0.72, 0.82

Geopolitical Risk :

  • USA – Stimulus talks, election, trade tensions
  • JPN – Trade tensions

Overall Outlook: Long, though due to US election, volatility could lead to sideways momentum

GBP/USD

Last Close: 1.3041

Trend Chart: Long

Price Basket: Long

Yield Curve: Short

10/21 (Green) vs 10/16

CoT:

  • GBP – Short
  • USD – Long

Key Levels:

  • Resistance – 1.3022
  • Support – 1.2837

Central Banks Stance:

  • BoE – Dovish

5-Day ADR (80, 95 confidence intervals): 0.0158, 0.0176

Geopolitical Risk:

  • UK – Brexit Negotiations

Overall Outlook: Neutral

Commodity Pairs

USD/CAD

Last Close: 1.3124

Trend Chart: Short

Price Basket: Short

Yield Curve: Short

10/22 (Green) vs 10/15

CoT:

  • USD – Short
  • CAD – Long

Key Levels:

  • Resistance – 1.3267
  • Support – 1.3121

Central Banks Stance:

  • BoC: Dovish

5-Day ADR (80, 95 confidence intervals): 0.0075, 0.0081

Commodity Stance:

  • Metals: Short
  • Oil/Energy: Neutral

Geopolitical Risk: N/A

Overall Outlook: Long, though due to US election, volatility could lead to sideways momentum.

AUD/USD

Last Close: 0.7139

Trend Chart: Neutral

Price Basket: Neutral

Yield Curve: Short

10/22 (Red) vs 10/15

CoT:

  • AUD: Long
  • USD: Long

Key Levels:

  • Resistance: 0.7192
  • Support: 0.7055

Central Banks Stance:

  • RBA: Dovish

5-Day ADR (80, 95 confidence intervals): 0.0068, 0.0073

Commodity Stance:

  • Metals: Long

Geopolitical Risk: N/A

Overall Outlook: Neutral

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