Join our telegram community
Telegram Facebook Twitter

JPY and CHF are the top G10 FX gainers today, up 0.12% and 0.03% vs the dollar while NOK and NZD are the top losers, down -0.3% and -0.28% vs the dollar. The EUR fell on fears over economic growth; the PMI surveys disappointed. Elsewhere, GBP fell after failing to break past Thursday’s high; the market is still wary of a Brexit deal despite an agreement (dependent on UK parliament approving the deal) with the EU. In the Asian equities space, Hang Seng closed -0.35% at 25927.68 and Kospi ended -0.6% at 2057.48. The European equities were trading firm with the FTSE up +0.28% at 6979.6, DAX up +0.45% at 11188.95, and CAC up +0.43% at 4959.58. In the rates market, global yields were trading mixed; the US 10-year yield was trading at 3.0609% and the Bund 10-year yield trading at 0.356%. In the energy space, the Brent (front month) is trading down (-1.1%) for the day at $61.91.

 

Economic Calendar

 

 

Yields Daily Chart (6-month)

 

 

USD-Index Daily Chart (5-month)

 

 

Brent Front Month Daily Chart (6-month)

 

 

Trade Weighted Basket Hourly (one-week)

 

Major Currency Pairs
EURUSD Chart (Two-week)

 

 

Strategy: Resistance at 1.1423 for 1.1250
Short-term view: EUR/USD resistance level at 1.1423, RSI and MACD have a bearish bias. Hence, we may see a correction to 1.1332, possibly 1.1250. Above 1.1423 to open 1.1483

 

 

GBPUSD Chart (Two-week)

 

 

Strategy: Resistance at 1.2940 for 1.2773
Short-term view: GBP/USD has resistance at 1.2940 and MACD and RSI are largely flat, hence, we see a correction to 1.2808, possibly 1.2773. Above 1.2940 to open 1.2995.

 

 

USDJPY Chart (Two-week)

 

 

Strategy: Resistance at 113.15 for 112.18
Short-term view: USD/JPY resistance at 113.15 and we still havent seen any significant correction to suggest a short-term trend change, MACD is also topping. We look for 112.18, possibly 111.39. Above 113.15 to open 113.58

 

 

AUDUSD Chart (Two-week)

 

 

Strategy: Resistance at 0.7278 for 0.7193
Short-term view: AUD/USD resistance at 0.7278, MACD and RSI are topping. Hence, we see a correction towards .7193. A move above 0.7278 to open 0.7334.

 

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Your email address will not be published.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