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EUR/USD with firm EUR cross demand goes higher


EURUSD

EUR/USD gradually goes higher with firm EUR cross demand and market remain continue pricing for ECB taper move very soon.

Today France PMI better than expected and later German and Eurozone PMI data will have small impact, Draghi speech also have some daily influence, support at 1.1920 and resistance at 1.2020.

Today prefer buy on dips with tight stop strategy.

USDJPY

USD/JPY goes lower on risk off selling after North Korea intend to test H-Bomb over Pacific Ocean and that response to Trump recent warning. Market faces some position liquidation of risk trade especially ahead of weekend.

USDJPY and JPY cross selling persistence in Asian session and London cautious move so far, Nikkei low slightly and news for Abe’s Monday press conference may announce of snap election also driven some uncertainty for USDJPY, support at 111.65 and 111.20 with resistance at 112.30 and 112.70

Today prefer sell on rallies with tight stop strategy.

GBPUSD

GBP/USD grid up overnight after it hold’s well above 1.3450 support and GBP cross short covering effect.

Today, Theresa May will give important speech on Brexit – regarding bills, Irish border, EU citizen rights, law etc. and will add more volatilizes for GBP and GBP cross. UK CBI Industrial trends survey (expect 13) will have small impact, support at 13450 and resistance at 1.3620.

Today prefer in choppy range trading pattern.

USDCHF

USD/CHF goes lower gradually on EUR strength and broad USD retrace after some risk off selling on North Korea may consider nuclear test on the pacific ocean of an unprecedented scale news but EURCHF remain around 1.16 region will still indirectly support the pair.

Today US PMI data and eurozone PMI data will have some intraday impacts. Sock/bond market-move also have small influence to the pair as well, support at 0.9620 and resistance at 0.9740.

Today prefer in range trading with tight stop strategy.

EURJPY

EUR/JPY around similar level with yesterday despite of some gains overnight but all rein after North Korea may consider H-bomb test news and that driven some selling of YEN cross.

Today US PMI data and stock/bond market-move will have some intraday impact, support at 133.50 and resistance at 134.50.

Today prefer in range trading with tight stop strategy.

EURGBP

EUR/GBP goes lower gradually with GBP strength effect. Today Eurzone PMI data, UK CBI trade survey as well as Draghi and Theresa May speech will dominate the intraday action, support at 0.8775 and resistance at 0.8890.

Today prefer in choppy move pattern.

GOLD goes up gradually after news of North Korea consider testing H-Bomb over Pacific Ocean and that driven more risk off selling in Asian session. USD retrace and Nikkei lower also driven some support for GOLD.

Today US PMI data and Draghi/Theresa May speech might have some intraday impact, support at 1290 and resistance at 1310.

Today prefer buy on dips with tight stop strategy.

Silver Currency

Silver goes higher slightly in the same direction of GOLD and overnight good demand of silver below 17 handles will see short term stabilize sign. North Korea consider H-Bomb testing news will also support silver on the day with weekend position adjustment also helping silver recovery.

Today US PMI data and stock/bond market-move will also have small intraday impact, support at 16.90-00 and resistance at 17.45.

Today prefer buy on dips with tight stop strategy.


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