EUR/USD: The euro slumped to a 7-week low after the ECB Sept meeting minutes released yesterday showed that the monetary policy should be highly accommodative under all scenarios. The European currency traded 0.2 percent down at 1.1690, having touched a low of 1.1686 earlier, its lowest since Aug. 17. Investors’ attention will remain on series of data from the Eurozone economies, ahead of the U.S. non-farm payroll report, unemployment data, consumer credit figures, and speeches by FOMC members. Immediate resistance is located at 1.1753 (78.6% retracement of 1.2005 and 1.1686), a break above targets 1.1787 (10-DMA). On the downside, support is seen at 1.1680 (Aug. 18 Low), a break below could drag it near 1.1612 (July 26 Low).
USD/JPY: The dollar rose, extending previous session gains on strong U.S. economic data and higher Treasury yields. Data released on Thursday showed that orders for core capital goods in August were stronger than the previous reading, suggesting robust business spending could help offset some of the economic drag of the Hurricanes. The major was trading 0.2 percent up at 112.99, hovering towards a high of 113.25 hit last week, its highest since mid-Jul. Investors’ will continue to track broad-based market sentiment, ahead of U.S. non-farm payroll report, unemployment data, consumer credit figures and speeches by FOMC members for further momentum. Immediate resistance is located at 113.20, a break above targets 113.50. On the downside, support is seen at 112.41 (10- DMA), a break below could take it near 112.00.
GBP/USD: Sterling slumped to a fresh 1-month low as Conservatives Party members urged the UK PM Theresa May to step down from her position, as they raised doubts over her approach towards the Brexit deal. The major traded 0.2 percent down at 1.3088, having hit a low of 1.3073 earlier, its lowest since Sept. 7. Investors’ focus will remain on MPC member Haldane’s speech, ahead of U.S. fundamental drivers. Immediate resistance is located at 1.3200, a break above could take it near 1.3291. On the downside, support is seen at 1.3032 (Sept. 7 Low), a break below targets 1.3000. Against the euro, the pound was trading 0.1 percent low at 89.38 pence, having hit a low of 89.43 pence earlier in the day, its lowest since Sept. 14.
AUD/USD: The Australian dollar tumbled to a 2-1/2 month low after a report cited that RBA board member Ian Harper sees scope for a rate cut if consumption across the economy loses momentum entirely. The Aussie trades 0.5 percent down 0.7755, having hit a low of 0.7743 earlier, it’s lowest since Jul. 14. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7725 (Jul. 14 Low), a break below targets 0.7700. On the upside, resistance is located at 0.7800, a break above could take it near 0.7862 (10-DMA).
NZD/USD: The New dollar fell to 4-month lows as the U.S. dollar gained across the board following strong U.S. economic data releases. The Kiwi trades 0.2 percent down at 0.7098, having touched a low of 0.7091 earlier in the session, its lowest level since Sept. 4. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.7166 (5-DMA), a break above could take it near 0.7277 (Sept. 26 High). On the downside, support is seen at 0.7091 (Session Low), a break below could drag it till 0.7050.