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EUR/USD higher on better Eurozone data and lower US stock


EUR/USD higher on better Eurozone data and lower US stock and yield as technical back over 1.1770 also encourage short-term demand for EUR but overall the pair remain in broad range-trading pattern, EUR cross will still direct the EURUSD move as well, today US Retail Sales, NY Empire Manufacturing Index and CPI data as well as stock/bond market move will have some intraday impact, support at 1.1770 and resistance at 1.1835; today prefer in range trading with tight stop strategy.

USD/JPY lower on Nikkei down -1.57% with lower UST yield also driven some short-term selling but overall basing process remain and today US retail sales, CPI and NY Empire Manufacturing Index will have some intraday impact, support at 112.80-90 and resistance at 113.90-00; today prefer keeping buy on dips with tight stop strategy.

GBP/USD high gradually after hold support around 1.3070-75 overnight with some short covering after no bad news out from House debate Brexit legislation and today UK job data will have some impact after yesterday slightly lower than expect CPI, also US retail sales and CPI together with stock/bond market move will have some intraday impact, support at 1.3130 and resistance at 1.3200 and 1.3230; today prefer to sell on rallies with tight stop strategy.

USD/CHF lower on broad USD weakness with stock and UST yield lower gradually as well as some worry back to US tax reform plan vote later this week, higher EUR also add some pressure for USDCHF despite steady EURCHF cross action, today US retail sales, NY Empire Manufacturing Index and CPI data as well as stock/bond market move will dominate intraday action, support at 0.9840-50 and resistance at 0.9960; today prefer keeping buy on dips with tight stop strategy.

EUR/JPY higher overnight on EUR/USD rise over 1.18 effect with more solid demand for EUR cross and that helping the cross despite lower USDJPY due to stock lower and USD weakness effect, today risk sentiment remains steady and expect more trend following with risk to test over 134 in short term still exist, later US NY Empire Manufacturing Index, Retail Sales, and CPI data, as well as stock/bond market move, will have some intraday impact, support at 133.30 and resistance at 134.30; today prefer to buy on dips with tight stop strategy.

EUR/GBP continue running up on better Euro data and slightly lower than expecting UK inflation data overnight, short-term trend remains up with support shift higher to around 0.8900-10 and today any Brexit news, UK job data, as well as US retail sales and CPI together with stock/bond market move, will dominate the intraday action, support at 0.8910 and resistance at 0.9030; still prefer buy on dips with tight stop strategy.

GOLD grid up gradually on broad USD weakness and lower UST yield and US stock slightly retracement effect, today US retail sales, NY Empire manufacturing index and CPI as well as stock/bond market move will dominate the intraday action, support at 1268-70 and resistance at 1286 and 1295; today prefer keeping buy on dips with tight stop strategy.

SILVER higher slightly on the same direction of GOLD and basically weak USD still support the silver in short-term, market concern on Tax reform bill voting this week and some risk off demand on both US stock and UST yield lower effect as well, today US data and stock/bond market move will have some intraday impact, support at 17 and resistance at 17.45; today prefer keeping buy on dips with tight stop strategy.


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