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Catalonia issue relief and seek talk with Spain driven more EUR cross short covering


EUR/USD higher gradually after Spain Catalonia call time out on independence bid and seek Spain talks that some relief sending more short covering on EUR and EUR cross despite in orderly and slow movement, short term focus back to data and ECB policy most likely and today US JOLTs job openings and FOMC minutes are major focus, support at 1.1800 and resistance at 1.1835 and 1.1880; today prefer keeping buy on dips with tight stop strategy.

USD/JPY retrace lower slightly on falling of UST yield (10 years 2.36%) and broad USD weakness effect despite stock market performance still steady and that will lead more sideways consolidation for the pair especially ahead of 22 Oct snap election getting close, today US data, FOMC minutes and stock/bond market move will have some intraday impact, support at 111.90-00 and resistance at 112.50-60; today prefer in range trading with tight stop strategy.

GBP/USD higher gradually on broad USD weakness and higher EUR after Catalonia event relief in short term effect, today US data and stock/bond market move will have some intraday impact, technical GBP remain in correction phrase and still have some upside room, support at 1.3180 and 1.3150 and resistance at 1.3230 and 1.3280; today prefer buy on dips with tight stop strategy.

USD/CHF lower slightly on EUR strength and broad USD weakness and higher EURCHF still indirectly support the pair on lower side, today US MBA Mortgage Application,  JOLTs Job Openings data, FOMC minutes and stock/bond market move will dominate the intraday action, support at 0.9700-10 and resistance at 0.9770-80; today prefer in range trading with tight stop strategy.

EUR/JPY higher on better stock market performance, higher EUR and steady USDJPY move overnight with Catalonia issue relief in short term support the cross, today US data, FOMC minutes and stock/bond market move will dominate the intraday action, support at 132.20 and resistance at 133.30; today prefer keeping buy on dips with tight stop strategy.

EUR/GBP higher after Catalonia issue relief and seek talk with Spain that driven more EUR cross short covering, today technical rebound remain continuation with price action hold above 0.89 still pointing for more upside gains, later US data, FOMC minutes and stock/bond market move will have some intraday impact, support at 0.8930 and resistance at 0.9000; today prefer buy on dips with tight stop strategy.

GOLD around yesterday level with price action still constructive above 1280 level, UST yield turning lower slightly (10 years 2.36%) despite steady US Stock performance and broad USD weakness will still support the GOLD recovery, physical demand steady and ETF’s side still support the GOLD as well, today US MBA Mortgage Application, JOLTs job openings, FOMC minutes and stock/bond market move will direct the intraday action, support at 1280 and resistance at 1296 and 1300; today prefer buy on dips with tight stop strategy.

SILVER consolidate over 17 level overnight and steady GOLD and slightly weak USD still support the silver in short term, today US data, FOMC minutes and stock/bond market move will dominate the intraday action, support at 17 and resistance at 17.45; today prefer keeping buy on dips with tight stop strategy.


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