FX Strategy 09 Nov 18 

JPY and CHF are the top G10 FX gainers today, up 0.15% and -0.19% vs the dollar while NOK and SEK are the top losers, down -0.7% and -0.45% vs the dollar. The USD rallied on a hawkish Fed; the Federal reserve reaffirmed its monetary policy stance and prepared investor for a December rate hike. In the Asian equities space, the Nikkei 225 closed down -1.05% at 22,250.25, Hang Seng closed -2.39% at 25601.92 and Kospi ended -0.31% at 2086.09. The European equities had a similar story with the FTSE down -0.53% at 7102.54, DAX down -0.67% at 11450.0, and CAC down -0.8% at 5090.42. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 3.2077% and the Bund 10-year yield trading at 0.433%. In the energy space, the Brent (front month) is trading down (-0.64%) for the day at $70.20.


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 Support at 1.1278 for 1.1423
Short-term view: EUR/USD resistance at 1.3096, MACD and RSI are weakening. Hence, we see a correction to 1.2940. Above 1.3096 to open 1.3150.



GBPUSD Chart (Two-week)



Strategy: Resistance at 1.3096 for 1.2940
Short-term view: GBP/USD strong resistance at 1.3204, MACD and RSI are still flat. Hence, we see a correction to 1.3096, possibly 1.3042. Above 1.3204 to open 1.3296.



USDJPY Chart (Two-week)



Strategy: Resistance at 114.49 for 113.15
Short-term view: USD/JPY resistance at 114.49, MACD is looking to top. Hence, we are likely to see a dip to 113.15, possibly 112.73. Above 114.49 to open 114.94.



AUDUSD Chart (Two-week)



Strategy: Resistance at 0.7304 for 0.7193
Short-term view: AUD/USD resistance at 0.7304, MACD and RSI are bearish. Hence, we are likely to see a dip to .7193, possibly .7160. Above 0.7304 to open 0.7334


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