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USD/CHF retrace slightly in the same direction of USDJPY and some slight replacement for USD effect


EUR/USD stay in similar level with yesterday and overall slow move with some consolidation ahead of month end and Eurozone data still show a good sign of recovery, Catalonia’s Independence movement unravels as Rajoy prevails and little impact to EUR as well, today Eurozone Q2 GDP, CPI, and unemployment rate, as well as US data and stock/bond market move, will have some intraday impact, support at 1.1570 and resistance at 1.1670; still prefer in range trading with tight stop strategy.

USD/JPY lower after BOJ keep interest rate at -0.1% and 10-year yield targets at 0% unchanged with Kuroda reinforce powerful easing will not change that mostly as market expectations, BOJ also trims inflation outlook and divergence policy from Japan to the US and Europe will still support USDJPY and EURJPY in the short term, today US data and stock/bond market move will have some intraday impact, support at 112.90-00 and resistance at 114.00-10; today prefer keeping buy on dips with tight stop strategy.

GBP/USD grid higher gradually with market expect Thursday BOE will hike rate 0.25% effect, some buy on rumor sell on fact pattern running and month end flow will still support the pair apparently, today US data and stock/bond market move will have some intraday impact, support at 1.3180 and resistance at 1.3260; still prefer in range trading with tight stop strategy.

USD/CHF retrace slightly in the same direction of USDJPY and some slight replacement for USD effect, SNB 2017 first nine months profits to CHF33.7 Billion have little impact for the pair, overall steady EURCHF still indirectly support the pair, today US data and stock/bond market move will have some intraday impact, support at 0.9915-20 and resistance at 0.9990-00; today prefer to buy on dips with tight stop strategy.

EUR/JPY lower slightly on USDJPY lower after no surprise for BOJ meeting effect but overall trend for risk sentiment remains constructive and stock steady, central bank policy and yield differential remain to support the cross on lower side, today Eurozone Q2 GDP, CPI, and unemployment rate, as well as US data and stock/bond market move, will have some Intraday impact, support at 131.50 and resistance at 132.70; today prefer keeping buy on dips with tight stop strategy.

EUR/GBP consolidation around lower end of 0.88 support with some months end demand remain to support the cross, today Eurozone Q2 GDP, CPI, and unemployment data will have some intraday impact, support at 0.8800 and resistance at 0.8860; today prefer in range trading with tight stop strategy.

GOLD higher on broad USD replacement and lower USDJPY effect, today US data and stock/bond market move will have some intraday impact, overall GOLD remain in the broad range of 1260-1300 and still a risk for some upside correction, support at 1273 and resistance at 1285; still, prefer buy on dips with tight stop strategy.

SILVER slightly up on the same direction of GOLD and overall uptrend remains intact, today US data and stock/bond market move will have some intraday impact, support at 16.65-70 and resistance at 17.45; today prefer to buy on dips with tight stop strategy.


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