9.27 Monday, for the past 24 hours:
• EURUSD has dropped 21 pips against the previous day close;
• ↓ 47 pips High & Low extreme move, vs. 47.6 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.8 -> 6.2 MEDIUM of late session
• EUR in early session MEDIUM 5.5 -> 5.4 MEDIUM of late session
Market Focus & Moods:
• The US Bond 10 year yield moved to an intraday high at 1.466%. That was the highest since early July. The CAD and the USD is ending the day as the strongest of the major currencies as the flow of funds into the CAD were by higher oil prices, and the US dollar continues to be supported by higher yields.
• Monday, morning, LDN 11am FR Unemployment Benefit Claims, German Bundesbank Monthly Report
Afternoon, 1:30pm US Durable Goods Orders; 3:30pm US Dallas Fed Manufacturing Index; 5-6pm US Fed Officials Williams and Brainard Speeches.
Next Step:
• Due to lack of liquidity, I expect a test:
- Resistances 1st 1.1725, 2nd 1.1737, 3rd 1.1750 (Strong);
- Support at 1st 1.1712, 2nd 1.1700(Strong), 3rd 1.1685-1.1690 zone
- Close around 1.1730~ 1.1705 area.
• EURUSD has dropped 21 pips against the previous day close;
• ↓ 47 pips High & Low extreme move, vs. 47.6 pips of 22 day Average Range.
Strength (0~10) Comparison:
• USD in early session STRONG 7.8 -> 6.2 MEDIUM of late session
• EUR in early session MEDIUM 5.5 -> 5.4 MEDIUM of late session
Market Focus & Moods:
• The US Bond 10 year yield moved to an intraday high at 1.466%. That was the highest since early July. The CAD and the USD is ending the day as the strongest of the major currencies as the flow of funds into the CAD were by higher oil prices, and the US dollar continues to be supported by higher yields.
• Monday, morning, LDN 11am FR Unemployment Benefit Claims, German Bundesbank Monthly Report
Afternoon, 1:30pm US Durable Goods Orders; 3:30pm US Dallas Fed Manufacturing Index; 5-6pm US Fed Officials Williams and Brainard Speeches.
Next Step:
• Due to lack of liquidity, I expect a test:
- Resistances 1st 1.1725, 2nd 1.1737, 3rd 1.1750 (Strong);
- Support at 1st 1.1712, 2nd 1.1700(Strong), 3rd 1.1685-1.1690 zone
- Close around 1.1730~ 1.1705 area.
