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Greenback Firms On Geopolitical Tensions

FOREX

The USD has firmed in Asia and sits at session highs after the market digested the geopolitical tensions between Hamas and Israel. Oil has firmed, WTI is up ~4% and sits at the $86/barrel handle. US Tsy Futures are also firmer, cash Tsys are closed today due to the observance of a national holiday, whilst e-minis are down ~0.8%.

  • AUD/USD sits down ~0.5% last printing at $0.6350/55 a touch above session lows. Technically the pair remains bearish, support comes in at $0.6287, 2.00 projection of the Jun 16-Jun 29-Jul 13 price swings. Resistance is at $0.6399 the 20-Day EMA.
  • Kiwi marginally pared losses however NZD/USD remains down ~0.3% and sits at $0.5970/75. Support came in ahead of the 20-Day EMA ($0.5948) in early dealing.
  • Yen is holding its early gains dealing in a narrow range for the most part a touch above the ¥149 handle. The uptrend in USD/JPY remains intact, resistance is at ¥150.13 the high from Oct 3 and bull trigger.
  • Elsewhere in G-10 EUR and GBP are down ~0.3% following the broader USD move.
  • The docket is thin today with the market firmly focused on any further development in the Hamas/Israel conflict.
Energy BulletsCommodities
Energy BulletsCommodities

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