FX Strategy 01 Feb 19

EUR and CHF are the top G10 FX gainers today, up 0.19% and 0.14% vs the dollar while GBP and AUD are the top losers, down -0.39% and -0.23% vs the dollar. AUD and CNY have slumped on bleak Chinese data, we expect the market to remain choppy heading into the weekend. In the Asian equities space, the Nikkei 225 closed up 0.07% at 20783.39, Hang Seng closed -0.04% at 27930.74 and Kospi ended -0.06% at 2203.46. The European equities were trading mixed with the FTSE 0.38% at 6995.62, DAX -0.03% at 11169.22, and CAC -0.02% at 4991.92. In the rates market, global yields were trading mixed; the US 10-year yield was trading at 2.6307% and the Bund 10-year yield trading at 0.161%. In the energy space, the Brent (front month) is trading down (-2.2%) for the day at $60.53.


Economic Calendar



Yields Daily Chart (6-month)



USD-Index Daily Chart (6-month)



Brent Front Month Daily Chart (6-month)



Trade Weighted Basket Hourly (one-week)



Major Currency Pairs
EURUSD Chart (Two-week)



Strategy: Resistance at 1.1544 for 1.1373
Short-term view: EUR/USD resistance at 1.1544, RSI and MACD are bearish. Hence, we may see a dip to 1.1373. Above 1.11544 to open 1.1600.



GBPUSD Chart (Two-week)



Strategy: Resistance at 1.3150 for 1.2995
Short-term view: GBP/USD has resistance at 1.3150, MACD and RSI has a bearish bias. Hence, we see a dip to 1.2995. Above 1.3150 to open 1.3204



USDJPY Chart (Two-week)



Strategy: Resistance at 109.15 for 108.01
Short-term view: USD/JPY resistance at 109.15 and MACD suggest a bearish bias. Hence, we see a dip to 108.01, possibly 107.48. Above 109.15 to open 110.00.



AUDUSD Chart (Two-week)



Strategy: Resistance at .7304 for .7200
Short-term view: AUD/USD resistance at .7304 and MACD and RSI have a bearish bias. Hence, we expect a dip to 0.7200. Above 0.7304 to open 0.7334.




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