BRICS Set to Invite Saudi Arabia and Egypt to Join The Bloc

ブルームバーグによると、サウジアラビアとエジプトはBRICSに正式に招待される予定で、サウジアラビアが参加する可能性もあり、中東の勢力圏が変化する可能性を示唆している。ボーイング（#BA）は、737 MAXの品質問題を新たに抱えているようだ。

EUR/USD appears to be moving in an upwards fashion, having broken above resistance now turned support at the 1.0838 (S1) support base. We tend to maintain a bullish outlook for the pair despite the RSI indicator below our 4-Hour chart which currently registers a figure near 50, implying a neutral market sentiment. Broader global dynamics, including the rising influence of BRICS, may also subtly shape sentiment around the pair. For our bullish outlook to continue, we would like to see a clear break above the 1.0927 (R1) resistance level, with the next possible target for the bulls being the 1.1040 (R2) resistance ceiling. On the other hand, for a bearish outlook we would like to see a clear break below the 1.0838 (S1) support level, with the next possible target for the bears being the 1.0740 (S2) support base. Lastly, for a neutral outlook, we would like to see the pair remaining between the 1.0838 (S1) support and 1.0927 (R1) resistance levels.

Wheat appears to be continuing its ascent, having formed an upwards-moving trendline which was incepted on the 17th of August. We maintain a bullish outlook for the commodity, and supporting our case is the RSI indicator below our 4-Hour chart which currently registers a figure above 50, implying a bullish market sentiment. Broader global supply considerations, including shifting trade flows influenced by BRICS nations, may also be providing additional momentum to wheat prices. For our bullish outlook to continue, we would like to see a clear break above the 630 (R1) resistance level, with the next possible target for the bulls being the 662 (R2) resistance ceiling. On the other hand, for a bearish outlook, we would like to see a clear break below the 605 (S1) if not also a clear break below the 575 (S2) support levels, with the next possible target for the bears being the 530 (S3) support base.

その他の注目材料

In today’s European session, we note France’s business climate manufacturing figure for August and the UK’s CBI distributive trades figure for August. Later on in the American session, we highlight the US durable goods rate for July and the US weekly initial jobless claims figure. In tomorrow’s Asian session, we note Japan’s Tokyo CPI rates for August. On a monetary level, we highlight Turkey’s interest rate decision today, which may draw additional attention given Turkey’s closer engagement with BRICS discussions in recent months.