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USD remain in technical driven and expects a slow start


USD index retraces slightly with technical driven move, US stock goes higher slightly leading more positive risk sentiment and Trump in reversal saying US to help China’s ZTE stay afloat news will be helping more risk sentiment and further encourage risk on sentiment in cautious step. USD remains in technical driven and expect more slow starts for the week. USDJPY higher gradually but Japan Corporate selling interest around 110 still capping the topside in short term with base around 108.60-80 region.

EUR in rebound move and try to basing above 1.19 with topside key pivot around 1.2020. GBP stays in lower side but gradually stabilize above 1.35 handle with tomorrow UK job data will have some impact for next direction.

AUD / NZD / CAD remains in lower side consolidation with grid up slightly on broad USD retracement effect. Today no US data and Fed’s Bullard, ECB’s Mester, Lautenschlager, Praet, Coeure speech as well as stock/bond market move will dominate the intraday action.


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