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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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