Title - UK-Ireland Meet, Trade Talks, and Forex Outlook
Created 10/10/2019 at 09:20AM
SEK and NZD are the top G10 FX gainers today, up 0.9% and 0.49% vs the dollar while USD and JPY are the top losers.
The U.S. dollar weakened once again as hopes of a trade deal between China and the United States kept investors on hold. In the Asian equities, the Nikkei 225 closed up 0.45% at 21,551.98, Hang Seng closed 0.1% at 25707.93 and Kospi ended -0.88% at 2028.15. The European equities were trading mixed with the FTSE -0.05% at 7163.01, DAX 0.19% at 12117.73, and CAC 0.4% at 5521.35.
In the rates market, global yields were trading mixed; the US 10-year yield was trading at 1.5768% and the Bund 10-year yield trading at -0.543%. In the energy space, the Brent (front month) is trading up (0.1%) for the day at $58.38.
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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 1.1025 for 1.0950
GBPUSD Chart (Two-week)
Strategy: Resistance at 1.2265 for 1.2169
USDJPY Chart (Two-week)
Strategy: Resistance at 107.64 for 106.80
AUDUSD Chart (Two-week)
Strategy: Resistance at 0.6781 for 0.6700