USD index remains gradually lower despite of slightly hawkish FOMC minutes that showed some support for USD on the lower side. Geopolitics risk remain higher with the tension on USA and Russia over the Syria issue which is boosting Oil and GOLD to go higher. A lower stock market and some risk off sentiment continues, USDJPY suffers and pulls back below 107 with Nikkei gradually grids lower and with the effect of JPY cross profit taking on top.
EUR running up to 1.2396 before slightly turning back. And the overall hawkish sign from ECB member will see more constructive for EUR in short term. As break 1.24 will be adding more momentum on the upside.
GBP follows the weak USD tone and grids up to 1.4221 overnight before following the EUR retrace. Overall price action remains constructive and hold above 1.4120-30 will see retesting higher level in short term.
Commodity currencies goes higher with the trend still reacting to broad USD movement.
Today the Eurozone Industrial Production, ECB minutes, US initial jobless claims, Import Price Index and ECB’s Coeure and Weidmann speech as well as stock/bond market move will direct the intraday action.