AUD/USD is trading at 0.67784, 0.21% up since previous day close. The Aussie seems to be trading on higher side post release of better employment figures released on Thursday. The number of employed people rose to 32.6K against estimation of 15.4K & the Unemployment Rate fell to 3.5%. Besides this, the China is to unveil stimulus measures in order to boost the economic conditions & hence, further pushed up the AUD/USD since China & Australia are the trading partners. Globally, uncertain Fed monetary stance in upcoming meeting will remain vital for the pair AUD/USD. As seen in the chart, the pair retraced down till MA (100 which may turn out to be major support level. Slight buying bias may be established for the day in AUD/USD.
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Near Day |
R3 | 0.69514 |
R2 | 0.68748 |
R1 | 0.68265 |
Turnaround | 0.67982 |
S1 | 0.67499 |
S2 | 0.67216 |
S3 | 0.66450 |
UK100 is trading at 7641, 0.32% up since previous day close. The flat-to-low range can be seen in UK100 on Friday against the steady USD ahead of the major Central Banks meet next week. Earlier in a week, the weaker USD, chances of stimulus package offering in China & probability of Fed less gawkish future monetary stance led buying pressure in UK100. The U.K CPI rate showed a rise of 7.9% much lower than previous figure 8.7% which signaled for progressive inflation scenario & hence, pushed up the UK100. The result of Retail Sales & Publish Sector Net Borrowing data will remain into focus for the day. As seen in the chart, the UK100 is firmly trading above the short-term Moving Averages & hence, buying on dips may be suggested for the day.
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Near Day |
R3 | 7786.00000 |
R2 | 7704.00000 |
R1 | 7672.00000 |
Turnaround | 7622.00000 |
S1 | 7590.00000 |
S2 | 7540.00000 |
S3 | 7458.00000 |
WTI Oil is trading at $76.26, 0.26% up since previous day close. The Oil prices edges higher on Friday after China unveils the plan of offering the stimulus package to Beijing in order to support economic conditions; since China is a major Oil consuming country. The U.S EIA report showed a mild fall in Oil inventory levels by 0.7 mbpd against the expected fall of 2.0 mbpd. Earlier in this week, the Oil slid down to $74 on an account of weaker than expected Chinese GDP figures. The result of U.S Baker Hughes report will remain in focus for the day. Slight buying bias may be recommended for the day in WTI Oil since the commodity moved up from short-term MA (10) & MA (20).
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Near Day |
R3 | 78.93000 |
R2 | 77.19000 |
R1 | 76.50000 |
Turnaround | 75.45000 |
S1 | 74.76000 |
S2 | 73.71000 |
S3 | 71.97000 |
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