Top Bar
Join our telegram community
Facebook Twitter Instagram

Range Markets

AUD and NZD are the top G10 FX gainers today, up 0.37% and 0.25% while JPY and USD are the top losers. The USD-index has failed to break 97.00 resistance and a shooting star pattern has formed on Wednesday; hence, USD has a slight bearish bias. The USD has fallen on reports that a Chinese delegation will travel to the US for trade talks. The Turkey lira has stabilized ahead of Albayrak speech later today; the Qatari pledge to invest $15 billion has alleviated some of the fears. In terms of data so far, the Australian employment report underwhelmed despite the unemployment rate falling to 5.3% (5.4% consensus); this was because both the employment numbers and participation rate fell. Elsewhere, GBP was also benefiting from improved sentiments, the UK retail sales also reported stronger than expected numbers; 3.5% vs 3% expected. In the equities space today, the Asian markets traded in red, the Nikkei 225 closed -0.05% at 22,192 and Hang Seng closed -0.82% at 27,100. The European equities, however, were trading firm with FTSE 100 trading up 0.24%, DAX up 0.22%, and CAC up 0.35%. In the rates market, global yields were trading firm for the day; the US 10-year yield is trading at 2.876% and the Bund 10-year yield trading at 0.315%. In the energy space, the Brent (front month) is trading weaker for the day at $71.11; next support at $68.28, resistance at $72.40. During the US session, there is no tier one release.

 

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 1.1333 for 1.1387
Short-term view: EUR/USD support comes in at 1.1333, MACD is rising, RSI has turned above 50. Hence, we see a bounce to 1.1441. Below 1.1333 to open 1.1294

 

 

GBPUSD Chart (Two-week)

 

 

Strategy: Support at 1.2693 for 1.2771
Short-term view: GBP/USD support comes in at 1.2693, MACD is rising, and RSI has turned above 50. Hence, we see a bounce to 1.2771. Below 1.2693 to open 1.2641

 

 

USDJPY Chart (Two-week)

 

 

Strategy: Resistance at 111.18 for 110.20
Short-term view: USD/JPY resistance comes in at 111.18, MACD is falling, and RSI is below 50. Hence we see a dip to 110.20. Above 111.19 to open 111.61.

 

 

AUDUSD Chart (Two-week)

 

 

Strategy: Support at 0.7228 for 0.7312
Short-term view: AUD/USD support comes in at 0.7228, MACD is rising and is primarilly positive, RSI has turned above 50. Hence, we see a bounce to .7312. Below .7228 to open .7190.

 

 

BTCUSD 1-Hour Chart (Two-Weeks)

 

 

Strategy: Support at $6201 for $6847
Short-term view: BTC/USD support comes in at 6201, MACD is turning up and is primarily positive, RSI has turned above 50. Hence, we see an upside to 6847.27. Below .6201 to open 6000

 

 

Leave a Reply

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