28 Jun 2024
Support / Resistance
vs USD 0.6581 / 0.6709 ⬆
AUD fell against the dollar yesterday despite USD fell after softer US economic reports. AUD was undermined after remarks from RBA Deputy Governor Hauser who said that it would be bad mistake to set policy on one number. AUDUSD fell 0.02% yesterday while AUDHKD ended at 5.18 level.
Support / Resistance
vs USD 1.0629 / 1.0815 ⬇
EUR rose against the USD yesterday as the USD eased, however for the month it was still heading for roughly 1.4% decline weighed down by political turmoil in the Eurozone ahead of French snap elections beginning this weekend. EURUSD rose 0.22% yesterday while EURHKD ended at 8.35 level.
Support / Resistance
vs USD 1.2548 / 1.2795 ⬇
GBP rose against the dollar yesterday after US data came in mixed, leaving market sentiment to grind into the middle as investors await the US PCE Price Index release, along with fears of the upcoming general election in the UK. GBPUSD rose 0.14% yesterday while GBPHKD ended at 9.86 level.
Support / Resistance
vs USD 0.6021 / 0.6182 ➡
NZD rose against the dollar yesterday amid USD weakness as traders preferred to wait on the sidelines ahead of the release of the crucial US PCE Price Index today before placing fresh directional bets. NZDUSD rose 0.02% yesterday while NZDHKD ended at 4.74 level.
Support / Resistance
vs USD 7.2665 / 7.3241 ⬇
CNH ended lower against the dollar yesterday after China's industrial profits rose at a sharply slower pace in May, official data showed, as weak domestic demand crimps overall growth. USDCNH rose 0.04% yesterday while CNHHKD ended at 1.06 level.
Support / Resistance
vs USD 1.3621 / 1.3787 ➡
CAD was almost unchanged, ending marginally lower against the US dollar yesterday. CAD was supported by a higher oil prices which rose by over $1 on supply disruptions as geopolitical tensions mounted in Middle East and Europe. USDCAD rose 0.01% yesterday while CADHKD ended at 5.70 level.
Support / Resistance
vs USD 157.23 / 162.78 ⬇
JPY edged up against the USD yesterday, recovering from a 38-year low, however still hovered around 160 per dollar amid verbal intervention from authorities. JPY has fallen about 2.1% this month and 12% so far this year. USDJPY fell 0.03% yesterday while JPYHKD ended at 4.85 level.
Support / Resistance
vs USD 1.3483 / 1.3642 ⬇
SGD remained almost unchanged, ending marginally lower against the US dollar yesterday despite the USD easing against a basket of currencies and US treasuries declined slightly as US data points to moderate slowdown. USDSGD rose 0.01% yesterday while SGDHKD ended at 5.74 level.
Support / Resistance
vs USD 4.6952 / 4.7325 ➡
USDMYR continued its consolidation mode all week trading within familiar range of around 4.70 – 4.73 levels. The USDMYR opened at around 4.72 levels yesterday and traded higher first thing in the morning but saw better USD supply into lunch. Post lunch, balanced 2-way USD flows were observed by market participants allowing the USDMYR to end the day at 4.72 opening levels. Rather mixed tone overnight with lower USD yields and stable equities, allowing the USDMYR to open at 4.72 this morning. The USDMYR is expected to trade within 4.70 – 4.73 for now.
⬆ Consolidation, indicates that the currency's movement against USD has remained sideways
➡ Up Trend, indicates that the currency has been moving higher against the base currency
⬇ Down Trend, indicates that the currency has been moving lower against the base currency
This document is issued by HSBC Bank Malaysia Berhad (127776-V) (HSBC). The information contained herein is derived from sources we believe to be reliable, but which we have not independently verified. HSBC makes no representation or warranty (express or implied) of any nature nor is any responsibility of any kind accepted with respect to the completeness or accuracy of any information, projection, representation or warranty (expressed or implied) in, or omission from, this document. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. Any examples given are for the purposes of illustration only. The opinions in this document constitute our present judgment, which is subject to change without notice. This document does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security, commodity or other investment product or investment agreement, or any other contract, agreement or structure whatsoever and is intended for institutional customers and is not intended for the use of private customers. The document is intended to be distributed in its entirety. No consideration has been given to the particular investment objectives, financial situation or particular needs of any recipient. Unless governing law permits otherwise, you must contact a HSBC Group member in your home jurisdiction if you wish to use HSBC Group services in effecting a transaction in any investment mentioned in this document. This document, which is not for public circulation, must not be copied, transferred or the content disclosed, to any third party and is not intended for use by any person other than the intended recipient or the intended recipient's professional advisers for the purposes of advising the intended recipient hereon.
Copyright. HSBC Bank Malaysia Berhad (127776-V) 2015. ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC Bank Malaysia Berhad.