Join our telegram community
Telegram Facebook Twitter
CHF is the top G10 FX gainer today up +0.02% while GBP and SEK are the top losers down -0.22% and -0.34% vs the dollar. The USD-Index continues to rise with next resistance at $95.52 where a break may trigger a rally. Elsewhere, GBPUSD has dipped below $1.30 after Carney highlighted Brexit no deal risk; support level to watch is 1.2947 below which there is nothing much before 1.2815. In the equities space today, the Asian markets traded mixed with the Nikkei 225 closing +0.06% at 22,525, Kospi ending +0.76% at 2,287 and Hang Seng falling -0.14% to 27,676. The European equity indices have had a similar story with FTSE 100 down -0.29%, DAX up +0.46%, and CAC up +0.25%. In the rates market, global yields were trading weaker. The US 10-year yield was trading at 2.98% and the Bund 10-year yield trading at 0.43%. In the energy space, the Brent (front month) is trading weaker for the day at $73.18; next support at $70.94, resistance at $75.50. In terms of data, the Australian retail sales was a beat (0.4% vs 0.3% expected) while UK services PMI missed (53.5 vs 54.7 expected). The main focus remains the US NFP; in our view, the US non-farm payrolls and average earnings likely show the way for short-term USD direction.

 

10-Year Yields Daily chart (6-month)

 

 

USD-Index Daily chart (2-month)

 

 

Brent Front Month Daily chart (6-month)

 

 

Trade weighted basket Hourly (one-week)

 

 

 

Major Currency Pairs

 

EURUSD Chart (Two-week)

 

 

Strategy: Support at 1.1531 for 1.1612
Short-term view: EUR/USD has support at 1.1531 and MACD is looking to bottom, hence, we see a bounce to 1.1612. A break below 1.1531 to open 1.1513.

 

 

GBPUSD Chart (Two-week)

 

 

Strategy: Support at 1.2947 for 1.3043
Short-term view: GBP/USD has support at 1.2947 and MACD is looking to bottom. Hence, we see a bounce to 1.3043. Below 1.2947 to open 1.2915.

 

 

USDJPY Chart (Two-week)

 

 

Strategy: Support at 111.27 for 112.10
Short-term view: USD/JPY has support at 111.27 and MACD is still constructive. Hence, we see a bounce to 112.10. A break below 111.27 to open 110.97.

 

 

AUDUSD Chart (Two-week)

 

 

Strategy: Support at .7334 for .7407
Short-term view: AUD/USD has support at .7334 and MACD is looking to bottom. Hence we see a bounce to .7407. Below .7334 to open .7312.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

About Us

Range Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as a Business Company with registration number 22768 BC 2015.

rangeforex.com is owned & operated by Range Markets Ltd incorporated in St. Vincent & the Grenadines as an IBC with the registration number 22768 BC 2015. The objects of the Company are all subject matters not forbidden by Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments.

 

Range Markets Group of company operates and provides contents for this website, which include:

  • Range Markets (SV) Ltd, Company reg 22768 BC 2015 with registered address Euro House, Richmond Hill Road, Kingstown, St. Vincent, and The Grenadines.
  • Range Markets SA (PTY) Ltd, Company offers derivative instruments and long and short-term deposits to users in South Africa in its capacity as a Juristic Representative of TD Markets (Pty) Limited (Authorised FSP 49128), an authorised financial services provider in South Africa.

 

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Copyright ©2024 Range Markets (SV) Ltd All rights reserved