Title - Trade Fears Lift Dollar, Benn act to Drive Sterling
Created 10/07/2019 at 09:13AM
CHF and JPY are the top G10 FX gainers today, up 0.13% and 0.06% vs the dollar while SEK and AUD are the top losers, down -0.49% and -0.47% vs the dollar.
Sterling fell once again in early morning trading as investors remained concerned over UK withdrawal from the EU. UK lawmakers passed a law requiring PM Johnson to seek a deal if no deal is reached before 19th October. There were however reports that Boris Johnson intends to challenge the Benn act.
In the Asian equities space, the Nikkei 225 closed up 0.16% at 21,375.25 and Kospi ended 0.05% at 2021.73. The European equities were trading weaker with the FTSE down -0.06% at 7150.96, DAX down -0.18% at 11990.81, and CAC down -0.2% at 5477.52. In the rates market, global yields were trading mixed; the US 10-year yield was trading at 1.5238% and the Bund 10-year yield trading at -0.595%. In the energy space, the Brent (front month) is trading up (0.6%) for the day at $58.72.
Our New Free Forex Analysis Website is also a mobile app on Android devices https://research.tradermade.com/ Features live Forex Charts with 10+ indicators, Pivots, Forex News, ABCD Fibonacci Patterns, 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)
Trade Weighted Basket Hourly (two-week)
Major Currency Pairs
EURUSD Chart (Two-week)
Strategy: Resistance at 1.1025 for 1.0900
GBPUSD Chart (Two-week)
Strategy: Resistance at 1.2381 for 1.2265
USDJPY Chart (Two-week)
Strategy: Resistance at 107.05 for 106.40
AUDUSD Chart (Two-week)
Strategy: Resistance at 0.6781 for 0.6700