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Market analysis： Overall, NZD/USD is ranging across. The New Zealand Westpac Consumer Sentiment (Forecast: NA, Previous: 97.2) will be released tomorrow at 0400 (SGT). Currently, NZD/USD is moving towards the key level of 0.67. Its next support zone is at 0.65200 and the next resistance zone is at 0.67600. Look for buying opportunities of NZD/USD.

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Market analysis： Overall, AUD/USD is ranging across. The Reserve Bank of Australia will be releasing the minutes for the previous monetary policy meeting tomorrow at 0930 (SGT). Currently, AUD/USD is moving towards the key level of 0.73. Its next support zone is at 0.72500 and the next resistance zone is at 0.73800. Look for buying opportunities of AUD/USD if it breaks above the key level of 0.73.

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Market analysis： Overall, EUR/USD is ranging across. EUR/USD’s next support zone is at 1.17800 and the next resistance zone is at 1.19700. Look for buying opportunities of EUR/USD.

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Market analysis： Overall, GBP/USD is trending downwards. The UK GDP m/m data (Actual: 6.6%, Forecast: 6.6%, Previous: 8.7%) released last Friday indicated continued growth in the UK economy in August. Despite the third consecutive month of continued growth, the economy has only recovered just over half of the damage caused by COVID-19. Today, the Internal Market Bill will be tabled in the UK Parliament. During this time, volatility is expected in GBP. Currently, GBP/USD is testing the support zone of 1.28000 and the next resistance zone is at 1.30000. Look for short-term selling opportunities if GBP/USD breaks the support zone of 1.28000.

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Market analysis： Overall, USD/CAD is ranging across. Currently, USD/CAD is testing the resistance zone of 1.31800 and the next support zone is at 1.29800. Look for selling opportunities of USD/CAD if it bounces off the resistance zone of 1.31800.

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Market analysis： Overall, GBP/JPY is trending downwards. The UK GDP m/m data (Actual: 6.6%, Forecast: 6.6%, Previous: 8.7%) released last Friday indicated continued growth in the UK economy in August. Despite the third consecutive month of continued growth, the economy has only recovered just over half of the damage caused by COVID-19. Today, the Internal Market Bill will be tabled in the UK Parliament. During this time, volatility is expected in GBP. Currently, GBP/JPY is testing the support zone of 136.200 and the next resistance zone is at 138.100. Look for selling opportunities of GBP/JPY if it breaks the support zone 136.200.

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Market analysis： Overall, EUR/JPY is ranging across. EUR/JPY’s next support zone is at 124.600 and the next resistance zone is at 126.700. Look for buying opportunities of EUR/JPY.

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Market analysis： Even with the recent pullback in technology stocks, the Nasdaq-100 Index (NDX) is trouncing the S&P 500 again this year, bringing fresh acclaim to the former and new assets to exchange-traded funds tracking that benchmark. What Happened: For those wondering from where many Nasdaq-100 members hail, the answer is easy: the Nasdaq Q-50 Index (NXTQ), a benchmark that is something of a “junior varsity” for aspiring NDX members. With Thursday's debut of the VictoryShares Nasdaq Next 50 ETF (NASDAQ: QQQN), the Q-50 Index finally has an ETF linked to it. “Finally” because the NDX proving ground is nearly 13 years old. “The Index is comprised of 50 securities ranked by market capitalization and reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade, and biotechnology. It does not contain securities of financial companies including banking and investment companies, as these are ineligible for NASDAQ-100 Index inclus

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Market analysis： USD Overview (09 September 2020) Yesterday, USD strengthened against most major currencies except JPY.

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Market analysis： Overall, NZD/USD is ranging across. Recently, NZD/USD moved lower and bounced up from the key level of 0.66. The ANZ Business Confidence data (Actual: -26, Forecast: NA, Previous: -41.8) released earlier today indicated an improvement in the level of confidence in the business outlook of New Zealand. NZD/USD next support zone is at 0.65200 and the next resistance zone is at 0.67600. Look for selling opportunities of NZD/USD.

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Market analysis： Overall, AUD/USD is ranging across. Recently, AUD/USD broke the support zone of 0.72500. The Westpac Consumer Sentiment data (Actual: 18.0%, Forecast: NA, Previous: -9.5%) released earlier today indicated a strong rebound in consumer confidence of the Australian economy likely due to a decline in the number of COVID-19 cases in Victoria state. AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72500. Look for selling opportunities of AUD/USD.

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Market analysis： Overall, USD/JPY is ranging across. Recently, USD/JPY moved lower to the key level of 106. Currently, USD/JPY is testing to break below the key level of 106. Its next support zone is at 105.400 and the next resistance zone is at 106.800. Look for selling opportunities of USD/JPY.

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Market analysis： Overall, EUR/USD is ranging across. Recently, EUR/USD moved lower, breaking below the key level of 1.18. The eurozone quarterly final employment change data released yesterday indicated a slight downwards revision in employment change and a slight improvement in the economic growth. -Final Employment Change q/q (Actual: -2.9%, Forecast: -2.8%, Previous: -2.8%) -Revised GDP q/q (Actual: -11.8%, Forecast: -12.1%, Previous: -12.1%) EUR/USD’s next support zone is at 1.17200 and the next resistance zone is at 1.19700. Look for selling opportunities of EUR/USD.

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Market analysis： Overall, GBP/USD is ranging across. Recently, GBP/USD plunged after the intense Brexit trade talk led to the market speculating on the possibility of an interest rate cut by the Bank of England. As of now, UK Prime Minister Boris Johnson is planning to override the Brexit Withdrawal Agreement and has emphasized that if a trade deal fails to be finalized by 15 October, the UK will just walk away without any deal. Currently, GBP/USD is testing to break the support zone of 1.30000 and the next resistance zone is at 1.32200. Look for selling opportunities if GBP/USD breaks the support zone of 1.30000.

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Market analysis： Overall, USD/CAD is trending downwards. Recently, USD/CAD broke the resistance zone of 1.31800. The Bank of Canada (BoC) will be announcing their interest rate decision later at 2200 (SGT). It is expected that the central bank will be holding rates unchanged at 0.25% after Governor Tiff Macklem said in July that the BoC will be holding rates at the current level for at least two more years. It is unlikely that the central bank will carry out any new easing measures at the moment as economic indicators have provided optimism in the Canadian economy. USD/CAD’s next support zone is at 1.31800 and the next resistance zone is at 1.33500. Look for short-term buying opportunities of USD/CAD up until the interest rate decision at 2200 (SGT).

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Market analysis： Overall, GBP/JPY is trending downwards. Recently, GBP/JPY plunged and broke the support zone of 140.000 and 138.100 after the intense Brexit trade talk led to the market speculating on the possibility of an interest rate cut by the Bank of England. As of now, UK Prime Minister Boris Johnson is planning to override the Brexit Withdrawal Agreement and has emphasized that if a trade deal fails to be finalized by 15 October, the UK will just walk away without any deal. GBP/JPY’s next support zone is at 136.200 and the next resistance zone is at 138.100. Look for selling opportunities of GBP/JPY.

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Market analysis： Overall, EUR/JPY is ranging across. Recently, EUR/JPY moved lower into the support zone of 124.600. The eurozone quarterly final employment change data released yesterday indicated a slight downwards revision in employment change and a slight improvement in the economic growth. -Final Employment Change q/q (Actual: -2.9%, Forecast: -2.8%, Previous: -2.8%) -Revised GDP q/q (Actual: -11.8%, Forecast: -12.1%, Previous: -12.1%) Currently, EUR/JPY is testing the support zone of 124.600 and the next resistance zone is at 126.700. Look for selling opportunities of EUR/JPY if it breaks the support zone of 124.600.`

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Market analysis： USD Overview (08 September 2020) Yesterday, USD strengthened against all major currencies.

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Market analysis： Overall, NZD/USD is trending upwards. Recently, NZD/USD broke below the key level of 0.67. The ANZ Business Confidence data (Forecast: NA, Previous: -41.8) will be released tomorrow at 0900 (SGT). NZD/USD next support zone is at 0.65200 and the next resistance zone is at 0.67600. Look for selling opportunities of NZD/USD.

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Market analysis： Overall, AUD/USD is trending upwards. Recently, AUD/USD has been ranging across. The Westpac Consumer Sentiment data (Forecast: NA, Previous: -9.5%) will be released tomorrow at 0900 (SGT). AUD/USD’s next support zone is at 0.72500 and the next resistance zone is at 0.73800. Look for selling opportunities of AUD/USD.