StockWatch

Ανάλυση αγοράς
Dollar gains together with treasury yields

 

The dollar rose to a six-year high against the yen

The dollar rose to a six-year high against the yen today while the Australian dollar plunged as US Treasury yields continue to rise on increasing market expectations regarding an interest rate rise by the Federal Reserve. Usd/jpy gains around 0.45% today reaching 106.77 while the aud/usd lost 0.65%. On another front, rumours about another poll regarding Scotland’s independence sent the pound violently lower, reaching 1.6050 but it quickly recovered when it was revealed that it was just a web poll which was answered by few people. Eur/usd is stable today, trading around opening levels as traders’ attention is elsewhere.
Technical Analysis
Currency Pair   EUR/USD GBP/USD EUR/GBP USD/JPY EUR/JPY EUR/CHF AUD/USD
Resistance 2 1.2990 1.6185 0.8095 107.25 138.45 1.2120 0.9230
Resistance 1 1.2960 1.6160 0.8065 107.00 138.25 1.2100 0.9210
Market   1.2925 1.6130 0.8015 106.70 137.90 1.2070 0.9135
Support 1 1.2860 1.6060 0.7980 106.05 137.35 1.2045 0.9080
Support 2 1.2790 1.6005 0.7935 105.40 136.65 1.2000 0.9000

 Daily Chart:
AUDUSD
Price has broken important support at 0.9210 and looks heavy. A retracement to around 0.9200 could attract more sellers while there isn’t any strong support until 0.8980-0.9000.




Disclaimer • Risk Warning
This document should not be relied upon as being an impartial or objective assessment of the subject matter and is not deemed to be “investment research” as defined by the applicable law. This document has been issued by TFIFX only for information purposes and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action.

Internet communications are not secure and therefore TFIFX does not accept legal responsibility for the contents of this message. Any views or opinions presented are solely those of the author and do not necessarily represent those of TFIFX unless otherwise specifically stated. Trading in financial instruments may result in losses as well as profits. Trading in leveraged instruments can result in loses greater than the initial invested capital.

TFIFX is a trading name of TFI Markets Ltd.TFI Markets Ltd is licenced by the CySEC for the provision of Investment Services, CIF 117/10 and by the Central Bank of Cyprus for the provision of Payment Services, licence no. 115.1.2.13.