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USD in steady consolidation with a small upside run

USD in steady consolidation with a small upside run in despite of remaining risk off sentiment and with Nikkei and Chinese stock going down. The month end demand will have much impact to the currencies move today. USDJPY lock in tight range consolidation as mix sentiment and YEN cross remain heavy under current risk off sentiment. Overall USD remain in sideway consolidation and stock market together with risk sentiment remain the key driven factors.

EUR lock in tight range and downside bid at 1.1635-40 and 1.1600-10 with topside offers at 1.1700-10 region and might cover the daily move.

GBP remain in lower end consolidation and today UK Financial Stability Report as well as BOE’s Governor Carney speech might have some intraday impact for GBP and GBP cross.

Commodity currencies remain in defensive mood and in short term rebound still rather limit.

Today US MBA Mortgage Application, Wholesale inventories, Goods Trade Balance and Durable Goods Orders as well as stock/bond market move will direct the intraday action.

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