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Higher EUR and GBP led the USD technical correction

USD index lower with some technical correction with higher EUR and GBP leading the way. Some relief on Italian situation after both parties try not to worsen the situation which driven some short covering of EUR.US may have decide for whether to impose Copper and Aluminum products tariff to EU and also with Spain’s Rajoy no-confidence vote situation also have some impact to the market.

USDJPY lower despite of higher DJI and Nikkei with YEN cross remains under some pressure with broad USD correction and also adding more selling pressure for the pair.

Today US Personal Income/Spending and jobless claims, stock/bond market move as well as month end flow will dominate the intraday action. Overall USD remains under correction pressure ahead of tomorrow NFP data.

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    At Hantec Global Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.