U.S. Dollar Rises, Aussie and Sterling fall, here's whyUpdated 09:24AM 17/09/2019
EUR and JPY are the top G10 FX gainers today, up 0.12% and -0.01% vs the dollar while SEK and AUD are the top losers, down -0.48% and -0.41% vs the dollar.
The U.S. dollar caught a bid as the geopolitical tension rose due to attacks on Saudi oil refineries. Safehaven currencies such as Yen and CHF also found support. AUD was sold-off after a dovish central bank.
Sterling fell from six-week highs versus the dollar as Prime Minister Boris Johnson reiterated his pledge deliver Brexit by Oct. 31. Though legally he is obliged to extend the deadline if no deal is struck by 19 October, there are rumors that he is seeking a legal alternative to get UK out of the EU before the October deadline.
In the Asian equities space, the Nikkei 225 closed up 0.06% at 22,001.32, Hang Seng closed -1.23% at 26790.24 and Kospi ended 0.01% at 2062.33. The European equities were trading mixed with the FTSE +0.11% at 7329.43, DAX -0.15% at 12361.54, and CAC +0.09% at 5607.29. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 1.8258% and the Bund 10-year yield trading at -0.484%. In the energy space, the Brent (front month) is trading down (-0.46%) for the day at $68.7.
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Daily Pivots for Key Currency Pairs
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Major Currency Pairs
EURUSD Chart (Two-week)
Strategy: Resistance at 1.1062 for 1.0975
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Strategy: Resistance at 1.2481 for 1.2325
USDJPY Chart (Two-week)
Strategy: Resistance at 108.43 for 107.48
AUDUSD Chart (Two-week)
Strategy: Resistance at 0.6920 for 0.6830
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