EURUSD slightly grids higher on earlier broad EUR cross demand and some risk on sentiment after the US-China trade talks which boosted the higher stock. Also helps the EUR indirectly talk with more inflow to Eurozone that also favors EUR in short to medium term. Today the Eurozone confidence data and US Richmond Fed Manufacturing Index will have small intraday impact. With support at 1.2440 and resistance at 1.2500, the current level still prefer the buy on dips with tight stop strategy.
USDJPY rebounded slightly from earlier on higher Nikkei and some risk on sentiment with the effect of YEN cross recovery, short term sideway consolidation after hitting low of 104.64 recently high likely. Today the US Case-Shiller house market and Richmond Fed Manufacturing Index might have some intraday impact. With support at 105 and resistance at 106, still to prefer in range trading with tight stop strategy.
GBPUSD retraces lower from Asian high 1.4244 with some weakening of GBP cross and profit taking after the recent run up on expectation for soft Brexit and hawkish BOE effect. Today USD rebounded some and will see more sideway consolidation for the pair. With support at 1.4120 and resistance at 1.4240-45, still preferring the in choppy range trading pattern continuation.
USDCHF stalling around NY close (0.9454) in tight move with basically following EUR movement. The steady EURCHF cross adds more correlation with EUR action and broad USD rebound might have some support for the pair on the lower side. Today the US data and stock/bond market move will have some intraday impact. With support at 0.9410 and resistance at 0.9470, still to prefer in range trading with tight stop strategy.
EURJPY slightly up on some risk on sentiment earlier with higher Nikkei and European stock still having some support. Today the US data and stock/bond market move will have some intraday impact. With support at 131.00-20 and resistance at 131.75-80, still prefer the buy on dips with tight stop strategy for more upside correction continuation.
EURGBP goes higher on broad GBP cross retracement earlier and firm EUR cross leading the way for more upside run. Today the Eurozone confidence data and US Richmond Fed Manufacturing as well as stock/bond market move will have some intraday impact, also month end demand will starts later of the week and seem to be supporting the cross as well. With support at 0.8750 and 0.8710 with resistance at 0.8800 and 0.8850, still to prefer buy on dips with tight stop strategy.
GOLD retraces slightly from earlier on broad USD rebound and higher stock market performance effect. Overall risk on sentiment earlier will capping the topside on GOLD but fragile risk sentiment still see very easily to reverse if anything happens, especially on global trade issue. Today the US house price index, Richmond Fed Manufacturing Index and stock/bond market move will have some intraday impact. With support at 1345 and resistance at 1357, still prefer in range trading with tight stop strategy.
Silver in tight move earlier (16.6165-16.7830) and basically following GOLD and broad USD direction. Today the less importance data and expect more sideway consolidation. With support at 16.60 and resistance at 16.90, still prefer range trading with tight stop strategy.