FX Strategy 30 May 19
CAD and AUD are the top G10 FX gainers today, up 0.19% and 0.17% vs the dollar while CHF and JPY are the top losers, down -0.17% and -0.13% vs the dollar. The dollar continued its 4th consecutive monthly rise on trade tensions. Elsewhere, FX flash crashes overnight put regulators on alert; there were spikes seen in AUDUSD, GBPUSD, and USDZAR. In the Asian equities space, the Nikkei 225 closed -0.44% lower at 27,114.88, Hang Seng closed -0.44% at 27114.88 and Kospi ended 0.77% at 2038.8. The European equities were trading firm with the FTSE up +0.24% at 7202.36, DAX up +0.49% at 11896.06, and CAC up +0.46% at 5246.31. In the rates market, global yields were trading firmer; the US 10-year yield was trading at 2.271% and the Bund 10-year yield trading at -0.161%. In the energy space, the Brent (front month) is trading down (-0.06%) for the day at $69.41.
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Daily Pivots for Key Currency Pairs
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)
(Content and Data by Tradermade)
Major Currency Pairs
EURUSD Chart (Two-week)
Strategy: Resistance at 1.1180 for 1.1078
Short-term view: EUR/USD resistance at 1.1180 and MACD and RSI are moving lower, we look for 1.1078 in the short-term. A move above 1.1180 to open 1.1218
GBPUSD Chart (Two-week)
Strategy: Resistance at 1.2681 for 1.2550
Short-term view: GBP/USD has resistance at 1.2681, MACD and RSI are bearish. Hence, we see a dip to 1.2600, 1.2550. Above 1.2681 to open 1.2750.
USDJPY Chart (Two-week)
Strategy: Resistance at 110.00 for 109.15
Short-term view: USD/JPY resistance at 110.00, MACD and RSI are bearish, Hence, we see a dip to 109.15. Above 110.00 will open 110.67
AUDUSD Chart (Two-week)
Strategy: Resistance at 0.6938 for 0.6830
Short-term view: AUD/USD MACD and RSI are mixed, resistance at 0.6938. Hence, there is a risk of dip to 0.6877, possibly 0.6830. A move above .6938 to open .6984.
