Trade Deal, Brexit, and Forex Outlook 1
Created 10/14/2019 at 09:25AM
JPY and CHF are the top G10 FX gainers today, up 0.15% and 0.06% vs the dollar while NZD and GBP are the top losers, down -0.62% and -0.55% vs the dollar.
The British Pound fell as it became apparent that the EU and U.K. will have more Brexit talks before an agreement.
In the Asian equities space, Hang Seng closed 0.81% at 26521.85 and Kospi ended 1.11% at 2067.4. The European equities were trading weaker with the FTSE down -0.31% at 7224.66, DAX down -0.42% at 12459.51, and CAC down -0.54% at 5635.02. In the rates market, global yields were trading mixed; the Bund 10-year yield trading at -0.462%. In the energy space, the Brent (front month) is trading down (-0.78%) for the day at $60.04.
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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 1.1061 for 1.0950
GBPUSD Chart (Two-week)
Strategy: Resistance at 1.2650 for 1.2505
USDJPY Chart (Two-week)
Strategy: Resistance at 108.43 for 107.20
AUDUSD Chart (Two-week)
Strategy: Resistance at 0.6800 for 0.6700