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.
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
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.
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
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.
