Brexit Blue Returns, Here's Why
Created 10/17/2019 at 09:25AM
AUD and NZD are the top G10 FX gainers today, up 0.71% and 0.4% vs the dollar while GBP and NOK are the top losers, down -0.18% and -0.09% vs the dollar.
The dollar remained near one-month low as weak data raised fears that the U.S. economy may be slowing. The British pound remained the top loser as Brexit fears returned after Northern Ireland's DUP said that it cannot support the current Brexit deal.
In the Asian equities space, the Nikkei 225 closed 0.09% lower at 22,451.86, Hang Seng closed 0.69% at 26848.49 and Kospi ended -0.23% at 2077.94. The European equities were trading firm with the FTSE up +0.39% at 7195.72, DAX up +0.2% at 12694.86, and CAC up +0.04% at 5699.41. In the rates market, global yields were trading firmer; the US 10-year yield was trading at 1.7535% and the Bund 10-year yield trading at -0.374%. In the energy space, the Brent (front month) is trading down (-0.52%) for the day at $59.11.
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Daily Pivots for Key Currency Pairs
10-year Yields Chart (6-month)
Brent Front Month Daily Chart (6-month)
USD-Index Daily Chart (6-month)
Trade Weighted Basket Hourly (two-week)
Major Currency Pairs
EURUSD Chart (Two-week)
Strategy: Resistance at 1.1097 for 1.1000
GBPUSD Chart (Two-week)
Strategy: Resistance at 1.2900 for 1.2650
USDJPY Chart (Two-week)
Strategy: Resistance at 109.15 for 108.00
AUDUSD Chart (Two-week)
Strategy: Resistance at 0.6830 for 0.6740