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USD index slowly reacting with the weekend Syria strike

USD index going steady with very orderly and slow reaction on weekend Syria strike. And market seen to be one off action that leads some stabilization on stock market and FX market so far in Aisan and earlier European session. Trump’s administration stepped up its criticism of China’s lack of progress in rectifying its trade imbalance with US. But US treasury didn’t name China or any other nation a currency manipulator in its semi-annual foreign-exchange policy report.

Trade war risk and geopolitical uncertainty remains to refrain investors or funds to hold large position in the market. Short term risk sentiment and cross movement will still dominate the all major currencies move.

Today US Retail Sales, NY Empire Manufacturing Index, NAHB Housing Market Index, Fed’s member Kaplan, Kashkari and Bostic speech as well as stock/bond market move will dominates the intraday action. Market remain cautious and overall position remain light in the market.

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