CAD and NZD are the top G10 FX gainers today, up 0.09% and -0.07% vs the dollar while JPY and AUD are the top losers, down -0.35% and -0.29% vs the dollar. The U.S. dollar stabilized after a two-week losing streak as strong US jobs data made Market cautious of risky assets. Elsewhere, UK PM Theresa May is likely to push for an outcome on Brexit this will keep market nervous and Sterling lower. In the Asian equities space, the Nikkei 225 closed up +0.46% at 20883.77, and Hang Seng closed 0.21% at 27990.21. The European equities were trading mixed with the FTSE 0.27% at 7039.07, DAX -0.02% at 11178.81, and CAC -0.21% at 5008.76. In the rates market, global yields were trading firmer; the US 10-year yield was trading at 2.6984% and the Bund 10-year yield trading at 0.167%. In the energy space, the Brent (front month) is trading up (0.88%) for the day at $63.3.
Short-term view: EUR/USD resistance at 1.1500, RSI and MACD are bearish. Hence, we may see a dip to 1.1373. Above 1.1500 to open 1.1544.
Short-term view: GBP/USD has resistance at 1.3137, MACD and RSI has a bearish bias. Hence, we see a dip to 1.2995, possibly 1.2925. Above 1.3137 to open 1.3204
Short-term view: USD/JPY resistance at 110.00 and MACD is overbought. Hence, we see a dip to 109.15. Above 110.00 to open 110.50
Short-term view: AUD/USD resistance at .7275 and MACD and RSI have a bearish bias. Hence, we expect a dip to 0.7148. Above 0.7275 to open 0.7334.
