Live Chat
Live Chat

Official Global Partner of
West Ham United FC

Spain Catalan event-driven some pressure for EUR


EUR/USD in narrow range overnight with broad USD steady move and EUR cross remain in sideways consolidation, Spain Catalan event-driven some pressure for EUR but market digest quick with focus turn to US tax plan and higher US stock and stable UST yield will see some support for USD overall, today Eur ozone PPI and US ISM New York Index, as well as Fed’s Powell speech together with stock/bond market move, will direct the intraday action, support at 1.1690-00 and resistance at 1.1765-70; still prefer in range trading with tight stop strategy.

USD/JPY grid higher gradually in both US and Japan stock higher and further risk on sentiment boosting YEN cross effect, today US ISM New York Index and stock/bond market move will have some intraday impact, exporters selling interest above 113.50 will expect to slow down the upside gains, support at 112.60 and resistance at 113.50; still prefer to buy on dips with tight stop strategy.

GBP/USD slow move overnight with market still more neutral for awaiting any news on Conservative party annual conference and with the GBP cross-selling will drive some pressure for GBP on top but overall tone remain in sideways consolidation pattern, today UK Construction PMI, US ISM New York Index and stock/bond market move will direct the intraday action, support at 1.3250 and resistance at 1.3300-10; still prefer in range trading with tight stop strategy.

USD/CHF higher on broad USD strength and lower EURUSD effect and steady EURCHF cross still linked with more correlation move with EURUSD in short-term, today US ISM New York and stock/bond market move will dominate the intraday action, support at 0.9750 and resistance at 0.9800; today prefer keeping buy on dips with tight stop strategy.

EUR/JPY still around similar level with yesterday and overall stable risk sentiment remain constructive for the cross but market focus on direct USD dealing and cross will be lagged in short-term, US and Japan stock higher and higher USDJPY will expect to push up the cross gradually, support at 132.20 and resistance at 133.50; today prefer keeping buy on dips with tight stop strategy.

EUR/GBP grid higher gradually on weakness of GBPUSD leg leading and market still worry about Brexit uncertainty and awaiting any further news from Conservative Annual Conference as well, today UK Construction PMI and Eur ozone PPI data will have some intraday impact, support at 0.8800-10 and resistance at 0.8870-80; today prefer keeping buy on dips with tight stop strategy.

GOLD lower slightly on broad USD strength and higher US stock effect, steady UST yield and lack of physical demand due to China golden week holiday also add slight pressure for GOLD, technical support at 1270 and then 1260 with topside resistance at 1280; Catalan event without any big impact for GOLD as well as Las Vegas shooting event, and gold remain in base building process, today US ISM New York index and stock/bond market move will direct the intraday action, current level prefer in range consolidation pattern.

Silver lower slightly in the same direction of GOLD and broad USD strength still adding some pressure for Silver, today US data and stock/bond market move will dominate the intraday action, support at 16.45 and resistance at 16.85; today prefer in range trading with tight stop strategy.


Hantec Global

Ready to start trading?

Open an Account Try Demo

  • Archive

  • Topics

Why Hantec Global?

Become a partner