Risk Off on Second Wave Worries Ahead of The Weekend
05/15/2020 at 09:20AM
In the G10 FX Market, JPY and EUR are the top gainers today, up 0.13% and 0.03% versus the dollar while GBP and SEK are the top losers, down -0.2% and -0.18% versus the dollar, respectively. The threat of a second wave of coronavirus infections kept investors biased towards safe-haven currencies with the U.S. dollar set for a weekly gain and the Australian dollar looking at a 1% drop this week.
In the rates market, global yields were trading weaker today. The US 10-year was trading at 0.615, down -0.2bp. The Japan 10-year was trading at -0.007, down -0.3bp. The German 10-year was trading at -0.547, down -1.4bp. The UK 10-year was trading at 0.197, down -1.7bp.
In the Asian equities, markets were trading mixed today. The Nikkei 225 was trading at 20019.5, up 0.53%. The Kospi was trading at 1927.28, up 0.12%. The Hang Seng was trading at 23805.0, down -0.1%. In the European equities, indices were trading stronger today. The DAX 30 was trading at 10512.6, up 1.74%. The FTSE 100 was trading at 5822.35, up 1.41%. The Euro Stoxx 50 was trading at 2792.55, up 1.23%. Looking at Equity Futures so far, the FTSE100 Futures was trading at 5812.8, up 1.54%. The Euro Stoxx 50 Futures was trading at 2778.0, up 1.54%. The SP500 Futures was trading at 2855.38, up 0.29%. In the Energy space, Oil futures were trading firm today. The Brent Crude Futures was trading at 31.88, up 2.41%. The WTI Crude Futures was trading at 28.12, up 2.03%.
10-year Yields Daily Chart (1-month)
Daily FX Pivots
Brent Crude Daily Chart (1-month)
Forex Chart and Technical Analysis
EURUSD Chart (Two-week)
Strategy: Resistance at 1.0828 for 1.0777
GBPUSD Chart (Two-week)
Strategy: Support at 1.2185 for 1.2261
USDJPY Chart (Two-week)
Strategy: Support at 106.88 for 107.47
AUDUSD Chart (Two-week)
Strategy: Support at 0.6445 for 0.6487