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Focus on weekend headlines from G20 summit....>

FOREX
FOREX: Focus on weekend headlines from G20 summit
- With main focus on the G20 summit, moderate USD sales eased after the WMR fix.
- Kiwi sits top of the pile and looks set to register its tenth consecutive
session of gains. Having previously cleared the double-bottom neckline and
100-dma, bulls focus on a weekly close above the 50% fibo of the Mar-May fall &
200-dma at $0.6710/11.
- CAD firmed after the release of solid GDP & BoC Summer 2019 Business Outlook
Survey which pointed to a slight improvement in business sentiment. USDCAD
touched fresh ytd lows of C$1.3060 and comfortably remains the leading G10
currency this year with gains of over 4% against the dollar. Reminder of the
Canada Day holiday on Monday which could see thin trading conditions.
- GBPUSD briefly cleared the 100-hma & 1.27 level, before paring light gains.
EURUSD topped out at $1.1393 with the 1.14 level proving hard to overcome.
- AUDUSD retained its bullish trend above $0.70 and currently rests on the 50%
retracement level. Further resistance is located through $0.7015/25 from a
series of previous highs. US ISM data the main highlight on Monday.
Energy BulletsCommodities
Energy BulletsCommodities

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