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DJI and Nikkei higher and improve risk sentiment driven more support for USDJPY


EUR/USD lower slightly with broad USD rebound and Catalonia deadline for whether declared independent put forward to Thursday also cloud the movement, also some unwinding on EUR cross also hurt EUR but overall in slow and orderly move, today Eurozone ZEW survey, CPI and ECB’s Constance and Praet speech as well as US Industrial Production, Import/Export Price Index, capacity utilization, NAHB housing market index might have some intraday impact, support at 1.1750 and 1.1720 with resistance at 1.1800 and 1.1820; today prefer in range trading with tight stop strategy.

USD/JPY higher gradually with both DJI and Nikkei higher and improve risk sentiment driven more support for USDJPY, technically holding above 111.50 also have some upside risk but overall market remain cautious ahead of 22 Oct snap election, today US Import/Export Price Index, Industrial Production, capacity utilization, NAHB Housing market index together with stock/bond market move will have some intraday impact, support at 111.50 and resistance at 112.50; today prefer in range trading with tight stop strategy.

GBP/USD gradually lower overnight with topside resistance at 1.3300-20 region capping well and broad USD strength effect, today UK Retail Price Index, PPI, CPI and any Brexit negotiation news will dominate the intraday action, market remains to worry with no progress on negotiation will finally hurt the economy of UK and driven more selling on GBP overnight, besides, US data and stock/bond market move might also have some intraday impact, support at 1.3220 and resistance at 1.3320; today prefer in range trading with tight stop strategy.

USD/CHF higher slightly in the same direction of USDJPY and lower EUR has driven some support with the pair on much steady EURCHF cross as well, today Eurozone CPI and ZEW the survey, as well as US data and stock/bond market move, will have some intraday impact, support at 0.9740 and resistance at 0.9830; today prefer in range trading with tight stop strategy.

EUR/JPY grid higher slightly on USDJPY rebound and improving risk sentiment with stock market higher effect, today Eurozone CPI, ZEW survey and US data as well as stock/bond market will dominate the Intraday action, support at 131.50 and resistance at 132.50; today prefer in range trading with tight stop strategy.

EUR/GBP in tight move and today Eurozone and UK CPI data as well as UK Retail Price index will have some intraday impact for the cross, also Brexit negotiation news will also have an impact for the cross in short-term, support at 0.8850 and resistance at 0.8910-20; today prefer in range trading with tight stop strategy.

GOLD lower on some profit taking as well as higher US stock market and broad USD strength effect, market ignore N Korea warns nuclear war could break out at any moment comments and steady move up on UST yield still add some pressure for GOLD, overall the uptrend for GOLD remain intact and dips demand remains to support the GOLD in near term, today US Import/Export Price, Industrial Production, Capacity Utilization and NAHB Housing Market Index, as well as stock/bond market move, will dominate the Intraday action, support at 1288 and resistance at 1305; today prefer keeping buy on dips with tight stop strategy.

SILVER pullback overnight in the same direction of GOLD and higher USD index also add some pressure for silver, today US data and stock/bond market move will direct the Intraday action, support at 17.00 and resistance at 17.45; current level prefer to buy on dips with tight stop strategy.


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