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Yields Slide Euro Surge

Yields Slide Euro Surge<br>

AliceRobert
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Yields Slide Euro Surge

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  1. Yields Slide Euro Surge JPY and CHF are the top G10 FX gainers today, up 1.29% and 1.12% vs the dollar while USD and JPY are the top losers. The dollar continues its downward slide versus the yen and euro on Friday as falling Treasury yields eliminates the rate differential advantage. Coronavirus fears have also now taken the central stage globally as more countries outside China declare a widespread endemic as imminent. Investors are now pricing the in another 50bp rate cut by the Fed this month and in light of this, it is quite likely that safe-haven flows at the expense of risky currencies. In the Asian equities space, the Nikkei 225 closed -2.72% at 20749.75, Hang Seng closed -2.32% at 26146.67 and Kospi ended -2.16% at -2.16. The European equities were trading mixed with the FTSE - 2.74% at 6521.95, DAX -3.15% at 11568.81, and Euro Stoxx 5 -3.21% at 3255.45. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 0.74% and the UK 10-year yield trading at 0.252%.

  2. 10-year Yields Daily Chart (6-month) Daily FX Pivots

  3. Brent Crude Daily Chart (1-month) (Content and Data by Tradermade) Forex Chart and Technical Analysis EURUSD Chart (Two-week)

  4. Strategy: Support 1.1281 for 1.1407 Short-term view: EUR/USD support comes in at 1.1281, MACD crossover suggests a bullish bias and RSI is above 50. Hence we see an upside to 1.1407. Below 1.1281 to open 1.12. GBPUSD Chart (Two-week) Strategy: Support at 1.2928 for 1.3103 Short-term view: GBP/USD support comes in at 1.2928, MACD crossover suggests a bullish bias and RSI is above 50. Hence we see an upside to 1.3103. Below 1.2928 to open 1.2887 USDJPY Chart (Two-week)

  5. Strategy: Resistance at 105.51 for 103.73 Short-term view: USD/JPY resistance comes in at 105.51, MACD crossover suggests a bearish bias and RSI is below 50. Hence we see a downside to 103.73. Above 105.51 to open 106.63. AUDUSD Chart (Two-week) Strategy: Resistance at 0.6665 for 0.6612 Short-term view: AUD/USD resistance comes in at 0.6665, MACD crossover suggests a bearish bias and RSI is below 50. Hence we see a downside to 0.6612. Above 0.6665 to open 0.6693 Visit us for Live Forex Rates

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