The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
DAILY ANALYSIS REPORT JUNE 03 2021
1. +1 7754 366 970
analysis@tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
03 June, 2021
Daily Analysis Report
2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie weakens as retail sales and trade balance data miss expecta ons, Asian stock markets in green, gold hovers around $1,900 mark, Markets eye U.S.
ADP Job Data
Key Headlines:
• Australia AIG construc on index stands at 58.3 vs 59.1 previous release.
• New Zealand ANZ Commodity prices stand at 1.3 pct vs 2.3 pct previous release.
• Australia retail sales remain unchanged at 1.1 pct.
• Australia trade balance stands at 8.03B vs 5.57B previous release (expected 8.35B).
• China Caixin Services PMI stands at 55.1 vs 56.3 previous release.
• U.S. treasury official - G7 Finance Ministers expected to endorse U.S. proposal for ambi ous global minimum tax.
• Federal Reserve likely to unwind Secondary Market Corporate Credit Facility by year end.
• Canada's Finance Minister - I support the idea that a global corporate minimum tax should be implemented.
• SNB's Jordan - Global infla on pickup likely temporary.
Economic Data Ahead:
• (0715 GMT/1245 IST) Spain Services PMI, previous 54.6, expected 57.8.
• (0745 GMT/1315 IST) Italy Services PMI, previous 47.3, expected 52.4.
• (0750 GMT/1320 IST) France Services PMI, previous 56.6, expected 56.6.
• (0755 GMT/1325 IST) German Services PMI, previous 52.8, expected 52.8.
• (0800 GMT/1330 IST) Euro Services PMI, previous 55.1, expected 55.2.
• (0830 GMT/1400 IST) U.K. Final Services PMI, previous 61.8, expected 61.8.
• (1215 GMT/1745 IST) U.S. ADP Job data, previous 742K, expected 645K.
• (1230 GMT/1800 IST) U.S. Unemployment claims weekly, previous 406K, expected 400K.
• (1230 GMT/1800 IST) U.S. Revised Nonfarm produc vity q/q, previous 5.4, expected 5.5.
• (1400 GMT/1930 IST) U.S. ISM Services PMI, previous 62.7, expected 63.0.
Economic Events Ahead:
• (1600 GMT/2130 IST) U.K. BOE Gov Bailey Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.07% to 89.96 points.
3. AUD / USD
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
JUNE,
2
021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7763
R2 S2
0.7790
R3 S3
0.7826
R4
Commentary
S4
0.7854
Buy Above 0.7772
0.7800
0.7738
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7715
0.7682
0.7755
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie trades marginally lower as retail sales and trade balance data miss
expectations. The pair made intraday high at $0.7753 and low at $0.7737 mark. A day chart is up
but H1 chart with triple EMA confirms slightly bearish trend for the time being. A sustained close
above $0.7763 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.7720 will check further supports.
0.7720
0.7702
0.7677
0.7638
4. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2222
R2 S2
1.2258
R3 S3
1.2290
R4
Commentary
S4
1.2323
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro trades almost flat on Thursday ahead of ISM Services PMI data are
scheduled form the euro area. Today pair made intraday high at $1.2214 and low at $1.2202.
Today triple EMA on a day chart is up while H1 chart suggests bearish trend for the time being. A
consistent close above $1.2222 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.2190 on H1 chart will check further supports.
EUR / USD
1.2190
1.2176
1.2132
1.2100
Buy Above 1.2222
1.2247
1.2202
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2189
1.2168
1.2215
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021
5. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4178
R2 S2
1.4217
R3 S3
1.4250
R4
Commentary
S4
1.4282
Buy Above 1.4185
1.4212
1.4157
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4152
1.4122
1.4180
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling weakens against U.S. dollar and remains well supported below $1.4200
mark. Later today BOE Gov Bailey’s speech is scheduled too. The pair made intraday high at
$1.4179 and low at $1.4164 mark. A day chart is bullish but H1 chart with triple EMA suggest
down trend for the time being. A sustained close above $1.4178 on H1 chart will check key
resistances. Alternatively, a consistent close below $1.4157 will check further supports.
USD
1.4157
1.4115
1.4080
1.4047
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021
6. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2050
R2 S2
1.2076
R3 S3
1.2090
R4
Commentary
S4
1.2126
Buy Above 1.2052
1.2076
1.2032
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2024
1.2002
1.2050
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar exhibits range bound movement and remains well supported
above 1.2000 mark. Today pair made intraday high at 1.2044 and low at 1.2026 mark. Today a
day chart as well as H1 chart with triple EMA suggests down trend for the time being. A sustained
close above 1.2050 on H1 chart requires for the upside rally. Alternatively, a consistent close
below 1.2030 on H1 chart will check key supports too.
USD /CAD
1.2030
1.2006
1.1973
1.1944
JUNE,
2
021
7. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
109.76
R2 S2
109.90
R3 S3
110.22
R4
Commentary
S4
110.52
Buy Above 109.76
110.04
109.50
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.38
109.11
109.68
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen falls gradually on Thursday and stabilizes above 109.50 mark. The
pair made intraday high at 109.69 and low at 109.51 mark. The triple EMA on a day chart as well
as H1 chart suggest bullish trend for the time being. A sustained close above 109.90 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 109.38 on H1 will check further
key supports.
USD /JPY
109.38
108.82
108.60
108.36
JUNE,
2
021
8. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1910
R2 S2
1916
R3 S3
1922
R4
Commentary
S4
1929
Buy Above 1909
1916
1902
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1899
1894
1907
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold depreciates on Thursday and hovers around key support at $1,902
mark. Today’s U.S. Session will remain important as U.S. will release ADP Job Results as well as
ISM Services PMI data. Today pair made intraday high at $1,909 and low $1,903 mark. A day
chart and H1 chart with triple EMA confirms bullish trend for the time being. A sustained close
above $1,910 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,898 will check further supports.
XAU [GOLD]
USD
/
1898
1891
1886
1880
JUNE,
2
021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
L
O
B
A
L
F
X
/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note