EURUSD in consolidation around Friday NYC level (1.2251) with narrow move as no US data and of Japan and Canada in holiday today. The DJI downs to 5.2% on this week still hurting the fragile risk sentiment and EUR cross will remain directing the EUR move in short term. Earlier from ECB’s Nowotny saying the ECB concerns about the US political influence on exchange rates as well as see ECB will raise the interest rate after the bond purchase program to finish that will have small support for EUR. Overall bullish trend remains on EUR above 1.2 and to prefer on keep buying dips with tight stop strategy.
USDJPY in lower move with the concern for fragile risk sentiment and stock market in near term. Also technical failing to sustain above 110 will add more bearish pressure. Today Japan’s holiday and no US data to expect a rather orderly move with YEN cross remains the key driven factors with support at 108 and resistance at 109.25 still to prefer selling on rallies with tight stop strategy.
GBPUSD stays around NYC level (1.3828) swinging in tight range with GBP cross remaining in defensive mood after the DJI down to 5.2% last week. Today with no US and UK data to expect more trend continuation pattern in support at 1.3800 and resistance at 1.392 as current level prefer in range trading with tight stop strategy.
USDCHF tob in steady move as EURCHF continues to recover which indirectly support the pair despite risk sentiment remains fragile. Today no US data but still to expect stock/bond market move will dominate the intraday action with support at 0.9350 and resistance at 0.9420 still preferring in range trading with tight stop strategy.
EURJPY lowers on weak stock performance with last week’s DJI going down to 5.2% and Nikkei lowering as well. Today Japan in holiday having a little action in earlier Asian session but overall trend still depend for the risk sentiment move. And today no US data to be expecting more trend continuation pattern with support at 132 and resistance at 133.70-90 region to prefer the selling on rallies with tight stop strategy.
EURGBP grids up gradually with support holding well around 0.88 handle. And technical pointing for more upside risk in near term especially on current weak risk-sentiment. Today the no US data, Eurozone and UK data but some speech from BOE might have small intraday impact with support at 0.8835 and resistance at 0.8920 still to prefer to keep buying on dips with tight stop strategy.
GOLD higher gradually on broad USD weakness from the Asian session with weak stock market and risk-off sentiment to remain supporting the GOLD despite higher UST yield. Today no US data and expecting a more trend continuation effect with support at 1315 and resistance at 1328 and 1335 still current level prefer to buy on dips with tight stop strategy.
Silver higher slightly with the same direction with GOLD. And broad USD weakening slightly in Asian session also support the silver in short term. Today no US data and stock/bond market move will still have some intraday impact with support at 16.35 and resistance at 17.00 preferring still the buying on dips with tight stop strategy.