Title - BoJ, SNB hold rates, Norges Bank delivers a hike and BoE awaited
Created 09/19/2019 at 09:01AM
CHF and NOK are the top G10 FX gainers today, up 0.54% and 0.47% vs the dollar while AUD and NZD are the top losers, down -0.5% and -0.13% vs the dollar.
Japanese yen and Swiss Franc rallied after the Bank of Japan and SNB, both kept rates on hold, even though Federal Reserve had hinted (on Wednesday) at further easing over the coming months.
Bank of England policy decision is due next but uncertainty over Brexit will limit any forward guidance. The U.K. retails sales underwhelmed (-0.2% vs 0.0% expected).
Elsewhere, Norges Bank delivered the fourth rate hike as expected, further diverging from the trend set by the other major central banks.
In the Asian equities space, the Nikkei 225 closed up 0.38% at 22,044.45, Hang Seng closed -1.07% at 26468.95 and Kospi ended 0.46% at 2080.35. The European equities were trading firm with the FTSE up +0.19% at 7328.13, DAX up +0.31% at 12427.95, and CAC up +0.46% at 5646.73. In the rates market, global yields were trading mixed; the US 10-year yield was trading at 1.7735% and the Bund 10-year yield trading at -0.495%. In the energy space, the Brent (front month) is trading up (0.58%) for the day at $63.97.
Free Forex portal at https://research.tradermade.com/ Features live Quotes Board, Intra-day Analysis for more than 20+ forex pairs, Movements vs USD, Candlestick Pattern Recognition, Market High/Low Alerts, Custom RSS News Feed.
Daily Pivots for Key Currency Pairs
10-year Yields Chart (6-month)
USD-Index Daily Chart (6-month)
Brent Front Month Daily Chart (6-month)
Trade Weighted Basket Hourly (two-week)
Major Currency Pairs
EURUSD Chart (Two-week)
Strategy: Resistance at 1.1085 for 1.0975
GBPUSD Chart (Two-week)
Strategy: Resistance at 1.2520 for 1.2381
USDJPY Chart (Two-week)
Strategy: Resistance at 108.43 for 107.48
AUDUSD Chart (Two-week)
Strategy: Resistance at 0.6830 for 0.6725