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Broadbent and Carney’s speech will direct the GBP and GBP movement


EUR/USD Currency

EUR/USD continue grid higher on EUR cross short covering as well as some month end position adjustment effect, lack of risk event and both UST and Germany yield going higher and some technical move expect in short term. Later US Personal Consumption Expenditure, Personal Income/Spending and Eurozone CPI together with stock/bond market move will have some intraday impact, support at 1.1770 and 1.1720 with resistance at 1.1810 and 1.1850.

Today prefer buy on dips with tight stop strategy.

USDJPY

USD/JPY pullback slightly and higher JGB yield driven the topside capping especially market talk of some quarter end selling from Japan exporters on top, today US data and stock/bond market move will have some intraday impact, support at 112.20-25 and resistance at 113.00-10.

Today prefer buy on dips with tight stop strategy. GBP/USD grid higher to 1.3455 before turning back and short-term still in sideways consolidation pattern with bias still buy on lower side for more upside resume later on, today UK Q2 GDP, Total Business investment, consumer credit, index of services, current account balance as well as BOE’s MPC member Cunliffe, Broadbent and Governor Carney speech will dominate the intraday action, support at 1.3350 and resistance at 1.3450-60.

Today prefer keeping buy on dips with tight stop strategy.

USD/CHF Currency

USD/CHF pullback slightly in the same direction of USDJPY and steady EURCHF driven more correlation move with EURUSD as well, today US data and month end fixing flow as well as stock/bond market move will direct the intraday action, support at 0.9690-95 and resistance at 0.9750 and 0.9800; still prefer buy on dips with tight stop strategy.

EUR/JPY Currency

EUR/JPY around similar level with yesterday and market still focus on direct dealing and cross being less influenced as well as steady risk-sentiment effect, today US data and stock/bond market as well as month end fixing flow will have some intraday impact, support at 132.20-30 and resistance at 133.50.

Today prefer keeping buy on dips with tight stop strategy.

EUR/GBP Currency

EUR/GBP remain in base building and grid up gradually with broad EUR cross recovery and usual month end demand supporting, today UK/US data, BOE’s member speech, Eurozone CPI and stock/bond market move will dominate the intraday action, support at 0.8775 and resistance at 0.8850.

Today prefer keeping buy on dips with tight stop strategy.

Gold Bars

GOLD grid up gradually with USD index pullback slightly overall and some month-end short covering as well, China starts golden week holiday and expect liquidity and demand will be decreased but overall base building trend remain unchanged, geopolitical uncertainty continue keeping ETF’s inflow and real money demand remain to support the GOLD on lower side, today US data, month-end fixing flow, and stock/bond market move will dominate the intraday action, support at 1280 and resistance at 1290 and 1300.

Today prefer keeping buy on dips with tight stop strategy.

Silver Currency

Silver rebounce slightly in the same direction of GOLD and broad USD index pullback also support the silver overnight, today US data, month end fixing flow and stock/bond market move will have some intraday impact, support at 16.65 and resistance at 17.20.

Today prefer keeping buy on dips with tight stop strategy.


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