Title - Here's What's Moving the Forex Market Today
Created 09/30/2019 at 09:02AM
GBP and JPY are the top G10 FX gainers today, up 0.13% and 0.08% vs the dollar while NZD and AUD are the top losers, down -0.52% and -0.24% vs the dollar.
The U.S. dollar gained versus the riskier currencies as China-U.S trade war and global political uncertainty kept investors in safe-haven currencies.
The New Zealand dollar fell to almost four-year lows after worse than expected business confidence highlighted the central bank need to ease further. The Australian dollar was also on a weaker footing ahead of RBA interest rate decision. The expectations are for a policy move to push the cash rate to an all-time low of 0.75%.
In the Asian equities space, the Nikkei 225 closed -0.56% lower at 21,755.84, Hang Seng closed 0.53% at 26092.27 and Kospi ended 0.64% at 2063.05. The European equities were trading mixed with the FTSE 0.08% at 7432.22, DAX -0.05% at 12375.2, and CAC 0.07% at 5644.66. In the rates market, global yields were trading mixed; the US 10-year yield was trading at 1.7043% and the Bund 10-year yield trading
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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 1.0965 for 1.0840
GBPUSD Chart (Two-week)
Strategy: Resistance at 1.2339 for 1.2265
USDJPY Chart (Two-week)
Strategy: Resistance at 108.01 for 107.48
AUDUSD Chart (Two-week)
Strategy: Resistance at 0.6781 for 0.6725