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  • Writer's picturefxmethods

FOREX DAILY HIGHLIGHTS


HEAT MAP
  • The USD weakened across the board.

  • NZD and AUD as the outperformers as we head into the RBA today.

  • Sterling was entering earl Asian trade down about -0.2% at 1.2725.

  • USD/JPY is well supported by rising Tenkan at 113.34 although offers are sighted up at 113.80. USD/JPY hits 4-day low amid falling treasury yields

FED RATE MONITOR TOOL
  • Wall Street closes in a sea of green following relief rally on trade war ceasefire; DJIA eyes the 76.4% Fibo .

  • PBOC set the yuan reference rate at 6.8939 vs the previous day's fix of 6.9431.

  • Sterling remains off-balance against the Yen, and GBP/JPY remains pushed into near-term lows.

MAJOR FOREX
  • Oil prices gained on Tuesday morning in Asia as it is widely expected that OPEC will cut its output as Russia and Saudi Arabia vowed to manage global glut.

  • Gold Hits 5-Week High as Trade War Ceasefire Dampens Dollar.

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