Analysis of the day
- 2020-06-10
Tuesday, June 9, 2020, a senior US official said After the United States reopens the economy during the time of the Covid-19 virus epidemic, the government will continue to support financially through lending and financial markets in order to accelerate economic recovery.
Kevin Hassett, an adviser to the United States White House, said the government’s fourth-quarter economic stimulus was actually better than expected, with the unemployment rate report down to 13.3 percent, Expectations of the government may rise to 19.4%.
Iraq has reported that a rocket attack by a terrorist group has not yet been claimed by any group, the rocket exploded near the airport in Baghdad. So far, the number of casualties has not been confirmed yet.
China’s central bank has sold about 60-billion-yuan (60Billion RMB) worth of debt securities in financial market with duration 7days. Australia has sold out its government bonds, which are due to 2024 for a total amount of A$ 2 billion.
R3 0.71600
R2 0.71000
R1 0.70200
P 0.69600
S1 0.68800
S2 0.68100
S3 0.67300
Today recommendation, trader should sell AUD 0.69900, take profit 0.69200 and stop loss 0.70400.
Analyzed by: Mr. Long Samnang, Independent Analyst