EUR/USD lower gradually with broad USD strength after yesterday overall better data and hawkish Fed speech with implication for rate hike in Dec almost a done deal (with Future market pricing of 88% hike rate) and ECB minutes show the taper will be slow and very gradually also hurt EUR and EUR cross but oversold technical and fundamental unchanged will still point for recovery of EUR later on, next Monday Catalonia event despite Spain constitutional court suspends Monday’s Catalan parliamentary session news but still have some worry on the development and that add some pressure for EUR as well, today focus on US NFP data (expect 90K, unemployment rate 4.4%, average hourly earnings +0.3%) and Fed’s Rosengren, William and Kaplan speech will dominate the intraday action, support at 1.1660 (Aug low 1.1662) and 1.1620 with resistance at 1.1720 and 1.1750; today slightly prefer buy on dips with tight stop strategy.
USD/JPY grid up slightly on broad USD strength and higher UST yield (10 years 2.3408%) and better stock market performance (DJI +113 points Nikkei +62 points), risk sentiment steady and hawkish Fed speech also support the pair on downside, today US NFP data the major focus and expect some hurricane effect on the data during this period as well, support at 112.70-80 and resistance at 113.30; today prefer keeping buy on dips with tight stop strategy.
GBP/USD lower overnight on worry on Theresa May political future as well as lack of progress on Brexit negotiation together with soft car sales and broad USD strength with hawkish Fed speech effect, technical oversold but breaking 1.3150 will see short term pressure for GBP and today US NFP data will have some intraday focus move, support at 1.3060 and 1.3000 with resistance at 1.3120 and 1.3150; today prefer in range trading with tight stop strategy.
USD/CHF higher on broad USD strength and higher UST yield together with hawkish Fed speech effect, higher EURCHF will still add more indirectly support for the pair as well, today focus on US NFP data despite expect some hurricane effect going through on the data, support at 0.9760 and resistance at 0.9830; still prefer buy on dips with tight stop strategy.
EUR/JPY lower on EURUSD leg down and steady USDJPY effect despite broad USD strength and risk sentiment constructive with stock higher, some worry for next Monday Catalonia development as well as rather neutral of ECB minutes driven some pressure for EUR but overall remain slow and orderly move, today US NFP data the major focus and stock/bond market move will also have some intraday impact, support at 132 and resistance at 133; today prefer buy on dips with tight stop strategy.
EUR/GBP continue higher on worry for UK Theresa May political future, lack of Brexit negotiation progress as well as relative steady on EUR after more neutral of ECB minutes effect, today US NFP data and will less effect on the cross, technical correction remain underway and expect still some upside room for the cross in short term, support at 0.8900-10 and resistance at 0.8965 and 0.9000; today prefer keeping buy on dips with tight stop strategy.
GOLD grid lower gradually with China still on golden week holiday and broad USD strength, high UST yield and rising stock market will still put some pressure on GOLD in short term, technical oversold and uncertainty for Spain’s Catalonia and Brexit negotiation as well as US Tax reform outcome still support the GOLD on lower side, some position adjustment also focus as China will back from holiday next week as well, today US NFP data the major focus, expect 90K, unemployment rate 4.4% and average hourly earnings +0.3% and any surprise outcome will add choppy move, support at 1265 and resistance at 1275; today prefer in sideways consolidation pattern.
SILVER around similar level with yesterday and basically on defend mode with higher USD and weak GOLD effect, today US NFP data the major focus and yesterday Fed hawkish speech will see whether repeating action on today Fed’s Dudley, Bullard and Kaplan speech, support at 16.45 and resistance at 16.85; today prefer in range trading with tight stop strategy.