EUR/USD around similar level with Friday and no particular risk event over the weekend with month end flow will dominate the intraday action, today Eurozone confidence data, Germany CPI data and US personal spending and Dallas Fed Manufacturing data will have some intraday impact, support at 1.1570 and resistance at 1.1670; today prefer in range trading with tight stop strategy.
USD/JPY lower overnight on profit-taking ahead of 114.50-00 region with tomorrow BOJ meeting expect all unchanged and rather dullish consolidation ahead, bullish sentiment remains intact on price above 112 and this week US Non-farm payroll data will set next directional move, support at 113.50 and resistance at 114.10 and 114.50; today prefer keeping buy on dips with tight stop strategy.
GBP/USD around similar level with Friday and support around 1.3075-80 holding well on Friday will boost some short covering and today expect month-end flow will dominate the intraday action, focus on Thurs BOE meeting and market almost priced in for 0.25% hike and some “Buy on rumor, Sell on fact” pattern will still support the GBP on lower side, today UK consumer credit and Mortgage Approvals, as well as US data, will dominate the intraday action, support at 1.3075 and resistance at 1.3180; still prefer in range trading with tight stop strategy.
USD/CHF retrace slightly after hit 1.0030 on Friday with following broad USD correction trend, today steady move around NY close (0.9977) and steady EURCHF cross will still indirectly support the pair, later US data and stock/bond market move will have some intraday impact, support at 0.9970 and resistance at 1.0030-50 region; today prefer keeping buy on dips with tight stop strategy.
EUR/JPY lower slightly on some profit taking and lower USDJPY driven some short-term speculative selling, overall trend remains constructive with US stock hit record higher and Nikkei up slightly today, also BOJ meeting tomorrow will expect keeping policy unchanged and month end flow will dominate the intraday action, support at 132 and resistance at 132.70; today prefer in range trading with tight stop strategy.
EUR/GBP lower on EUR weakening effect with some GBP demand ahead of BOE meeting this week as well, today Germany retail sales slightly better and later Germany CPI and Eurozone confidence data will also have some intraday impact, support at 0.8810-20 and resistance at 0.8870-80; today prefer in range trading with tight stop strategy.
GOLD lower gradually on reflection for broad USD strength and falling EUR effect, today US personal spending and stock/bond market move will have some intraday impact as well as month-end fixing flow, support at 1265 and resistance at 1280; technical oversold and global uncertainty might still exist, today prefer keeping buy on dips with tight stop strategy.
SILVER around Friday level and little incentive for follow-through selling hints some consolidation or basing process with broad USD retrace and GOLD steady effect, today month end flow and US data, as well as stock/bond market move, will have some intraday impact, support at 16.65 and resistance at 17.00; still prefer buy on dips with tight stop strategy.