AUDUSD SELL (85%) BUY (15%) = China Economic Dead in Feb 2020
I posted my comment at some of places.
AUDUSD : Keep Moving Down You need to candle pattern movement. there is no any sign for reversal, because the daily candle and H4 candle are showed strong red candle.. it means so strong down. but the other daily candle which were rebounced after hit support line are long tail. but at this moment, there is no tail and no reversal candle.. Also, weekly chart show clearly bearish. China economic affects AUD strength. Currently, China Economic is dead by Conona Virus. I saw many youtube there are so critical issue than SAS virus before. Also, all air lines are banded. and all foreign investors are leaving China. So. AUD keep moving down until it is resolved.
AUDUSD : Keep Moving Down You need to candle pattern movement. there is no any sign for reversal, because the daily candle and H4 candle are showed strong red candle.. it means so strong down. but the other daily candle which were rebounced after hit support line are long tail. but at this moment, there is no tail and no reversal candle.. Also, weekly chart show clearly bearish. China economic affects AUD strength. Currently, China Economic is dead by Conona Virus. I saw many youtube there are so critical issue than SAS virus before. Also, all air lines are banded. and all foreign investors are leaving China. So. AUD keep moving down until it is resolved.
Comment:
Candle Price < 50EMA < 200EMA ==> Still strong Bearish.
Comment:
Overbought Condition : Small retracement and keep down...
Comment:
It seems to be down until 0.6363
It seems to be down until 0.6363
Comment:
Weekly Updated..
Comment:
Forex news for Asia trading Monday 3 February 2020
Citi cuts its forecast for oil in Q1 of this year by $15 a barrel
China Commerce Ministry says many export companies starting to resume production
Australian monthly inflation gauge for January, headline is 0.3% m/m (prior was 0.3%)
PBOC adviser says the chance of a rate cut on Feb 20 has increased significantly
Plenty of reassurance out of China - NDRC says economic impact of outbreak to be minimised
China Industrial Profits for December -6.3% y/y (prior 5.4%)
China cuts rates
China data - Caixin/Markit Manufacturing PMI for January 51.1 (expected 51.0, prior 51.5)
China stock markets open down nearly 9%
PBOC sets USD/ CNY reference rate for today at 6.9249
FX option expiries for Monday February 03 at the 10am NY cut
New Zealand expects slower GDP growth this year - coronavirus a new risk to economy
Japan's January manufacturing PMI improved, but South Korea's fell. Both are in contraction.
Job ads data from Australia for in January come in stronger
Australia data - building approvals for December -0.2% m/m (expected -5.0%)
Fitch has affirmed Japan's rating at A with outlook stable
Coronavirus - Japan PM Abe says the country has begun developing rapid diagnostic test kits
Coronavirus economic hit has seen demand for oil in China drop 20%
Updating the toll from coronavirus 3 February 2020
Here's an RBA preview looking for a cash rate cut - meeting Tuesday 4 February 2020
Australia CoreLogic house prices for January: +0.9% m/m (prior +1.2%)
Preview of the RBA interest rate meeting on Tuesday 4 February 2020 (& AUD impact)
Australia - CBA/Markit Manufacturing PMI (final for January) 49.6 (up from preliminary of 49.1)
Australia - AiG Manufacturing PMI for January (prior 48.3)
China's Global Times reports 30 separate measures being taken today to stabilise China markets
China state media latest coronavirus numbers: 2,103 new cases in Hubei on Feb 2, and 56 new deaths
Australian 10 year (and 3 year … nearly) bonds falling to lowest ever yield
Trade ideas thread - Monday 03 February 2020
Report that under a hard Brexit Nissan would pull-out of Europe, ramp up in the UK
Brexit - UK PM Johnson prepared to quit trade talks with the EU
China will limit short-selling on market reopen on Monday
Magnitude 5.2 earthquake hits in central China
AUD/JPY continues slide. A look at implied volatility next week
PBOC to inject cash funds today
Monday morning open levels - indicative forex prices - 03 February 2020
Weekend:
HIV drugs show great promise in treating coronavirus patients
China unveils economic measures in effort to promote calm with markets set to re-open
44-year-old coronavirus patient dies in Philippines -- first outside China
OPEC+ technical committee will meet Feb 4-5 to review coronavirus
Hubei province reports 1,921 new coronavirus cases
New York City has its first suspected case of coronavirus
If you are wondering about where Zero Hedge is on Twitter - the site has been banned
What's the number one thing to grasp in FX?
The focus for the Asian time zone today was the reopening of financial markets in China after the long, and extended, lunar new year holiday.
Commodity futures dropped heavily, many to limit down including iron ore.
Stock markets, too, opened sharply lower with thousands of individual stocks trading limit down. The drops surprised no one, futures markets covering China assets that had remained open last week (in Singapore, for example) had indicated lower and the moves today were mere confirmation.
Citi cuts its forecast for oil in Q1 of this year by $15 a barrel
China Commerce Ministry says many export companies starting to resume production
Australian monthly inflation gauge for January, headline is 0.3% m/m (prior was 0.3%)
PBOC adviser says the chance of a rate cut on Feb 20 has increased significantly
Plenty of reassurance out of China - NDRC says economic impact of outbreak to be minimised
China Industrial Profits for December -6.3% y/y (prior 5.4%)
China cuts rates
China data - Caixin/Markit Manufacturing PMI for January 51.1 (expected 51.0, prior 51.5)
China stock markets open down nearly 9%
PBOC sets USD/ CNY reference rate for today at 6.9249
FX option expiries for Monday February 03 at the 10am NY cut
New Zealand expects slower GDP growth this year - coronavirus a new risk to economy
Japan's January manufacturing PMI improved, but South Korea's fell. Both are in contraction.
Job ads data from Australia for in January come in stronger
Australia data - building approvals for December -0.2% m/m (expected -5.0%)
Fitch has affirmed Japan's rating at A with outlook stable
Coronavirus - Japan PM Abe says the country has begun developing rapid diagnostic test kits
Coronavirus economic hit has seen demand for oil in China drop 20%
Updating the toll from coronavirus 3 February 2020
Here's an RBA preview looking for a cash rate cut - meeting Tuesday 4 February 2020
Australia CoreLogic house prices for January: +0.9% m/m (prior +1.2%)
Preview of the RBA interest rate meeting on Tuesday 4 February 2020 (& AUD impact)
Australia - CBA/Markit Manufacturing PMI (final for January) 49.6 (up from preliminary of 49.1)
Australia - AiG Manufacturing PMI for January (prior 48.3)
China's Global Times reports 30 separate measures being taken today to stabilise China markets
China state media latest coronavirus numbers: 2,103 new cases in Hubei on Feb 2, and 56 new deaths
Australian 10 year (and 3 year … nearly) bonds falling to lowest ever yield
Trade ideas thread - Monday 03 February 2020
Report that under a hard Brexit Nissan would pull-out of Europe, ramp up in the UK
Brexit - UK PM Johnson prepared to quit trade talks with the EU
China will limit short-selling on market reopen on Monday
Magnitude 5.2 earthquake hits in central China
AUD/JPY continues slide. A look at implied volatility next week
PBOC to inject cash funds today
Monday morning open levels - indicative forex prices - 03 February 2020
Weekend:
HIV drugs show great promise in treating coronavirus patients
China unveils economic measures in effort to promote calm with markets set to re-open
44-year-old coronavirus patient dies in Philippines -- first outside China
OPEC+ technical committee will meet Feb 4-5 to review coronavirus
Hubei province reports 1,921 new coronavirus cases
New York City has its first suspected case of coronavirus
If you are wondering about where Zero Hedge is on Twitter - the site has been banned
What's the number one thing to grasp in FX?
The focus for the Asian time zone today was the reopening of financial markets in China after the long, and extended, lunar new year holiday.
Commodity futures dropped heavily, many to limit down including iron ore.
Stock markets, too, opened sharply lower with thousands of individual stocks trading limit down. The drops surprised no one, futures markets covering China assets that had remained open last week (in Singapore, for example) had indicated lower and the moves today were mere confirmation.
Comment:
Good News for China & AUD.. I think AUD going up.
Comment:
I am good profit.. it is entering into BUY ZONE. otherwise it will be dropped.
Trade closed: target reached