Weekly Wrap: Leaders and Laggards

A snapshot view of last week's money flow and technical notes for the week ahead.

KEY EVENTS THIS WEEK:

AUD: Building approvals; Import prices; Producer Price Index; Commodity Prices

CAD: GDP

CNY: CFLP Manufacturing PMI; HSBC Final PMI; Services PMI

EUR: German Preliminary CPI; German Retail sales; Euro Flash Estimate; Core CPI Flash

GBP: Met Lending to Individuals; Manufacturing PMI

JPY: Household spending; Retail Sales; BoJ Kuroda Speaks

NZD: Building Consents

USD: Advance GDP; FOMC Statement; Nonfarm Payroll; ISM Manufacturing PMI

FOREX:

DXY Closed above 81, its highest in 24-weeks and seemingly forming a bullish trend; D1 support at 81

AUDUSD W1 Rikshaw Man Doji and trading sideways; Suspect topping pattern is in place but D1 lacks direction or momentum

EURUSD Bearish move accelerates but stalls just above 200-week MA; D1 remains bearish with resistance at 1.346 and 1.35

GBPUSD Most bearish close in 18-week; Support close by at 1.695 and from bullish trendline from Feb lows; looking to return to the bullish trend over coming week/s

USDCAD Closed above 1.081 resistance to add further weight to June lows being a multi-month low

USDCHF Closed at a 24-weekhigh and above 0.9037 resistance

USDJPY W1 Morning Star Reversal closed at 2-week high; Needs to break above 102.26 highs to break out of range; D1 saw Rikshaw Man Doji

NZDUSD Most bearish 2-week decline since mid-April; Resistance at 0.860 and targeting 0.850

COMMODITIES:

GOLD W1 Rikshaw Man Doji; D1continues to meander around $1300; Holding above 50/200 MA and above $1300 again with near-term bullish bias

SILVER Retracement to $20.30 achieved and suspect correction may be over;

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