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Catalonia referendum event affects EUR/USD to lower on market


EUR/USD Currency

EUR/USD lower on market worry about Catalonia referendum event with injury toll at 844 and head of Catalan regional government say citizens have won independence right and door open to declaration of independence etc. that driven stock lower and yield down with safe heaven flow within EU that driven yield spread widening with Germany side and pushing EUR lower gradually from NYC 1.1815 down o 1.1750 in earlier European session, China and HK holiday and market still in thin liquidity with today expect some pressure for EURUSD but 1.1700-20 rather good support region in short-term, topside offers at 1.1810-20; today expect in range trading with tight stop strategy.

USDJPY

USD/JPY higher gradually with yield differential and central bank policy divergence remains, and higher Nikkei together with YEN cross demand that driven the pair higher gradually, today US Manufacturing PMI data and stock/bond market might have some intraday impact, support at 118.50-60 and resistance at 113.50; today prefer to buy on dips with tight stop strategy.

GBP/USD Currency

GBP/USD down gradually in the same direction of EUR with cross steady and look short term remain in sideways consolidation, today UK Manufacturing PMI data and US data will have some intraday impact, earlier Hammond speech without any impact for GBP overall, today support at 1.3330 and resistance at 1.3400 (NYC), current level still prefer in range trading with tight stop strategy.

USD/CHF Currency

USD/CHF up slightly on broad USD strength earlier effect, today Swiss Manufacturing PMI and US data and stock/bond market move will direct the intraday action, EURCHF steady move and more correlation move with EURUSD are still expected, support at 0.9695 and resistance at 0.9800-10; still prefer to buy on dips with tight stop strategy.

EUR/JPY Currency

EUR/JPY around similar level with last Friday and steady risk sentiment despite both US and Japan stock slightly higher and overall tone remain in sideways consolidation as weekend Catalonia referendum cloud EUR in short-term and that driven some pressure for the cross but most of the selling offset by higher USDJPY initially, today US data and stock/bond market move will have some intraday impact, support at 132.20-30 and resistance at 113.50; today slightly prefer to buy on dips with tight stop strategy.

EUR/GBP Currency

EUR/GBP around similar level with last Friday and lower EURUSD offset by lower GBPUSD as well with cross remain in sideways consolidation, today UK and US data and stock/bond market move will have some intraday impact, support at 0.8775-80 and resistance at 0.8850; today prefer to buy on dips with tight stop strategy.

Gold Currency

GOLD down further after China starts GOLDEN WEEK holiday and reduce physical demand for GOLD together with broad USD reboucne driven the gold lower gradually but in thin liquidity condition, Spain Catalonia referendum event will still not much impact to GOLD but overall tone still expect some basing pattern and today US data and stock/bond market might have some intraday impact, support at 1270 and resistance at 1290; today prefer to buy on dips with tight stop strategy.

Silver Currency

SILVER lower on the same direction of GOLD and broad USD strength also add some pressure for Silver, US stock higher and yield steady move and China holiday leading more selling pressure for silver initially, today US data and stock/bond market move might have some intraday impact, support at 16.45 and resistance at 17.00; still prefer buy on dips with tight stop strategy.


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