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JPY and USD are the top G10 FX gainers today while CHF and GBP are the top losers, down -0.38% and -0.36% vs the dollar. The Fed raised rates (by 25bp) as widely expected and we have since seen a rally in the dollar. That said, the US 10-year yield is down post-FOMC as a more hawkish stance was priced in. We remain unchanged on our view and expect dollar rally to be short-lived. In the Asian equities space, the Nikkei 225 closed down 0.99% at 23,796.74, Hang Seng closed -0.36% at 27715.67 and Kospi ended +0.70% at 2355.43. The European equities were trading mixed with the FTSE +0.33% at 7516.75, DAX -0.5% at 12323.54, and CAC -0.21% at 5501.32. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 3.0443% and the Bund 10-year yield trading at 0.511%. In the energy space, the Brent (front month) is trading up (0.76%) for the day at $81.96.

 

Economic Calendar

 

 

10-Year 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: Resistance at 1.1754 for 1.1668
Short-term view: EUR/USD resistance comes in at 1.1754, MACD crossover suggests a bearish bias and RSI is below 50. Hence we see a downside to 1.1668. Above 1.1754 to open 1.1807

 

 

GBPUSD Chart (Two-week)

 

 

Strategy: Resistance at 1.3174 for 1.3051
Short-term view: GBP/USD resistance comes in at 1.3174, MACD crossover suggests a bearish bias and RSI is below 50. Hence we see a downside to 1.3059. Above 1.3174 to open 1.3204

 

 

USDJPY Chart (Two-week)

 

 

Strategy: Resistance at 113.00 for 112.33
Short-term view: USD/JPY resistance comes in at 113.00, MACD crossover suggests a bearish bias and RSI is below 50. Hence we see a downside to 112.33. Above 113.00 to open 113.03

 

AUDUSD Chart (Two-week)

 

 

Strategy: Resistance at 0.7270 for 0.7196
Short-term view: AUD/USD resistance comes in at 0.727, MACD crossover suggests a bearish bias and RSI is below 50. Hence we see a downside to 0.7196. Above 0.727 to open 0.7304c

 

BTCUSD Chart (Two-week)

 

 

Strategy: Resistance at 6565.64 for 6291.45
Short-term view: BTC/USD resistance comes in at 6565.64, MACD suggests a bearish bias and RSI is below 50. Hence we see a downside to 6291.45. Above 6565.64 to open 6739.27

 

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