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Silver higher gradually in the same direction of GOLD and regains over 17 driven some constructive of price action


EUR/USD very narrow move still despite grid lower slightly on trend continuation with ECB Praet slightly dovish speech overnight see inflation subdue despite solid growth and earlier German Industrial Production lower than expect (-1.6% vs cons. -0.9%) and cross remain under pressure for EUR, today Eurozone Retail sales and Draghi speech might have some intraday impact, support at 1.1570 and resistance at 1.1630; still prefer in range trading with tight stop strategy.

USD/JPY stalling above 114 handles with little reaction overnight with move follows the broad USD direction, Sompo Japan Insure mention will increase US Corp Bond investment with currency hedging are little impact for the currency, overall higher Nikkei (up +1.73% at 22937.60, the highest close since 1992 will add more supportive for the YEN cross and risk on sentiment in short-term, later the US JOLTs job openings data and stock/bond market move will also have some intraday impact, support at 114 and resistance at 114.50 and 114.75; today still prefer keeping buy on dips with tight stop strategy.

GBP/USD up overnight on continuing short covering on GBP cross as well as some bright expectation for progress on Brexit negotiation in Dec and overall remain steady and correction for last week BOE dovish hike effect might face some technical resistance around 1.3180-00 region, today UK house price index at 4.5% same as expected without any impact for GBP at all, upside momentum reducing and hints for turning back to test the 1.3100-20 region and break will see lower still, later US data and stock/bond market move will have some intraday impact, support at 1.3070 and 1.3120 and resistance at 1.3180 and 1.3220; still prefer to sell on rallies with tight stop strategy.

USD/CHF slightly lower on some retracement of EURCHF that back below 1.16 handle and with some broad USD consolidate move overnight, market remains bullish for USDCHF in short-term but lack of risk event and data will see more sluggish move in near term, today the US JOLTs jobs openings data and stock/bond market move will have some intraday impact, support at 1 and resistance at 1.01; still prefer keeping buy on dips with tight stop strategy.

EUR/JPY lower on EURUSD weakness and steady USDJPY effect, short-term EUR remain heavy with yield coming down but offset by USDJPY uptrend move still, and higher US and Japan stock market will also some support for risk trades and indirectly support the cross, today US JOLTs openings data and stock/bond market will have some intraday action, support at 132.00 and resistance at 133.10; today prefer keeping buy on dips with tight stop strategy.

EUR/GBP retrace lower overnight on the weakness of EUR and short covering on GBPUSD effect, today Eurozone retail sales will have some intraday impact and oversold technical will see more support around 0,.8800 handle, today prefer keeping buy on dips with tight stop strategy.

GOLD gradually higher overnight on short covering and more physical demand on lower side effect, Trump Asian trip and warn N Korea will still see some risk demand for GOLD on lower side as well, today US JOLTs job openings data and stock/bond market move will have some intraday impact, support at 1270 and resistance at 1285; still prefer buy on dips with tight stop strategy.

SILVER higher gradually in the same direction of GOLD and regains over 17 driven some constructive of price action, today the US JOLTs job openings and stock/bond market move will have some intraday impact, support at 17 and resistance at 17.45; still, prefer buy on dips with tight stop strategy.


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