Range Markets

NZD and EUR are the top G10 FX gainers today, up 0.32% and 0.05% vs the dollar while NOK and JPY are the top losers, down -0.05% and -0.04% vs the dollar. The dollar hit a two week high after investor reassessed whether Fed will be dovish in the meeting this week following strong US economic data last week. In the Asian equities space, the Nikkei 225 closed up 0.03% higher at 21,124.00, Hang Seng closed 0.4% at 27227.16 and Kospi ended -0.22% at 2090.73. The European equities were trading mixed with the FTSE 0.09% at 7352.22, DAX flat at 12096.41, and CAC 0.06% at 5370.91. In the rates market, global yields were trading firmer; the US 10-year yield was trading at 2.1097% and the Bund 10-year yield trading at -0.25%. In the energy space, the Brent (front month) is trading down (-0.18%) for the day at $61.9.



Economic Calendar



10-Year Yields Daily Chart (6-month)



USD-Index Daily Chart (6-month)



Brent Front Month Daily Chart (6-month)



Trade Weighted Basket Hourly (two-week)






EURUSD Chart (Two-week)



Strategy: Resistance at 1.1289 for 1.1167
Short-term view: EUR/USD resistance at 1.1289 and MACD and RSI have a bearish bias, we look for a dip to 1.1167. A move above 1.1289 to open 1.1339.


GBPUSD Chart (Two-week)



Strategy: Resistance at 1.2639 for 1.2521
Short-term view: GBP/USD has resistance at 1.2639, MACD and RSI are bearish. Hence, we see a dip to 1.2550, likely 1.2521. Above 1.2639 to open 1.2700.


USDJPY Chart (Two-week)



Strategy: Resistance at 108.73 for 108.01
Short-term view: USD/JPY resistance at 108.73, MACD and RSI have a bearish bias, Hence, we see a dip to 108.01, probably 107.57. Above 108.73 to open 109.15


AUDUSD Chart (Two-week)



Strategy: Resistance at 0.6915 for 0.6830
Short-term view: AUD/USD resistance at 0.6915, MACD and RSI have bearish bias. Hence, we see a dip to 0.6830, likely .6771. A move above .6915 to open .6950.



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