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USD index goes higher after unexpected better NFP data

USD index goes higher after a better than expected NFP data as well as on higher US stock market and rebound of UST yield effect. USD remains in technical move and some pullback still exists. Today Asian stock went higher and risk on sentiment will remain to support USDJPY and JPY cross but in slow pace. USDJPY lack of further upside momentum near 110 that talk with large option strike expiry today and downside support around 109.30-40 region.

EUR and GBP remains in correction rebound despite of broad USD strength and more technical correction upside in short term remain to exist.

Today Eurozone investor confidence, PPI, UK construction PMI, US ISM NY index, Factory Orders, Durable Goods orders and stock/bond market move will direct the intraday action. Tomorrow RBA meeting expect rate keeping unchanged at 1.5% and policy statement similar as previous one.

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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.