EUR/USD remain in dullish range with lack of key data and risk event-driven more EUR cross related movement, today ECB non-policy meeting will have nothing much impact and later US MBA Mortgage Application as well as 10 years UST bond auction might have small intraday impact, stock steady and yield tight move still leading more sideways move of USD and thus with the EUR, support at 1.1570 and resistance at 1.1650 and 1.1680 today prefer in range trading with tight stop strategy.
USD/JPY retrace slightly on both US and Japan stock lower slight and 10 years UST yield come down as well (2.3163%) and little news with BOJ’s Funo says still a distance for reaching 2% inflation target and technical resistance 114.50 still capping topside movement in the short term, expect more sideways basing process and support at 113.50-70 region will attract fresh demand, today prefer keeping buy on dips with tight stop strategy.
GBP/USD coming down after repeating testing 1.3170-80 resistance being rejected and some GBP cross long liquidation driven more selling pressure on GBP earlier, lack of data and key risk event with market remain to concentrate in short-term trading, sideways USD consolidation also add more sluggish move of GBP but still some concern for upcoming Brexit negotiation talks, today support at 1.3100 and 1.3050 with resistance at 1.3150 and 1.3180; still prefer to sell on rallies with tight stop strategy.
USD/CHF retrace lower slightly on the same direction of USDJPY and broad USD weakening slightly driven the move as well as lower EURCHF effect, today US MBA Mortgage Application and stock/bond market move will have some intraday impact, support at 0.9965 and resistance at 1.0030; still prefer buying on dips with tight stop strategy.
EUR/JPY lower slightly on some pullback of USDJPY earlier but overall steady move with stock and yield more stable overnight and lack of key risk event for the day as well, ECB non-policy meeting will have nothing much impact, later US MBA Mortgage Application and stock/bond market move will have small intraday impact, support at 131.80-90 and resistance at 133.00-10; today prefer keeping buy on dips with tight stop strategy.
EUR/GBP higher gradually after fails to going further lower overnight and technical rebound underway on broad GBP cross long liquidation effect, today ECB non-policy meeting have nothing much impact on market remain some worry for Brexit negotiation talks ahead, today US MBA Mortgage Application and stock/bond market move might have small Intraday impact and the cross were mainly driven by technical and short-term jobbing action, support at 0.8800-10 and resistance at 0.8900-10; today prefer to buy on dips with tight stop strategy.
GOLD rise gradually with broad USD weakness on slightly lower US stock and UST yield effect, also Trump continue warning with N Korea and geopolitical tension remains will still support GOLD on lower side, technical GOLD remain in broad range of 1260-1300 move and in recent hold on downside and risk for retest the top end of the range, today US MBA Mortgage Application and stock/bond market move will have some intraday impact, support at 1273 and resistance at 1290; still prefer buying on dips with tight stop strategy.
SILVER higher in the same direction of GOLD and broad USD retracement also driven more support on silver, lack of risk event and US data might see more trend continuation pattern and today US MBA Mortgage Application, stock/bond market move might have small intraday impact, support at 16.85-90 and resistance at 17.40-45; still prefer keeping buy on dips with tight stop strategy.