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USD consolidates losses after falling on soft ADP jobs numbers
• USD/JPY 119.32-60, crosses quiet, mostly bid, big players still on holiday.
• With large exporters out, importers rule Tokyo roost, dip-buy interest.
• Option expiries bracket– 1.5B 119.00, 750M 119.75, 380 85-90, 1.7B 120.00.
• Post US-NFP direction up in air, some recommend USD/JPY sales, some buys.
• EUR/JPY 135.19-59, short-covering over? GBP/JPY 181.75-182.24, steady.
• AUD/JPY 94.66 to 95.62 despite weak jobs data, NZD/JPY bid too, 89.30-88.
• EUR/USD opens Asia at 1.1348, outperformed overnight, +1.45%.
• Blow out in EZ sovereign bonds continued, massive EUR short-covering.
• Asia in consolidation mode, 1.1325-49 range.
• Some EUR/JPY sales but EUR/USD holds just below last night’s 1.1371 high.
• EUR broadly bid vs AXJ bloc, EUR consolidation likely till post-US NFP.
• Asia sees consolidation after so-so gains overnight, range 1.5230-47.
• Some on tenterhooks pre-general elections today, most blasé on outcome.
• Techs better, above descending 1.5147 100-DMA, 200-DMA 1.5643 above.
• EUR/GBP consolidates too between 0.7438-43 after rally to 0.7449 overnight.
• USD/CHF quiet between 0.9157-72 in Asia, pause in recent USD weakness.
• EUR/CHF steady between 1.0384-1.0401, little interest currently.
• AUD/USD open 0.7973, tight 0.7946-77 range pre-jobs.
• Headlines weakish but gist not, head-fake to 0.7924 then surge to 0.8005.
• Stops 0.8000+ tripped but no follow-through, focus shifts to US NFP tom.
• AUD/JPY buys also noted, frustrated shorts squeezed, more stops 96.00+.
• NZD/USD opens 0.7497, trades 0.7484-0.7528 in sympathy with AUD/USD.
• Support pre-0.7566 spike low yesterday, support till US NFP Friday?
• AUD/NZD 1.0570-1.0644 see-saw, better bid post-Aussie jobs report.
• Bids return on dip just after weak Aussie headlines.
• More position adjustments eyed into US NFP tomorrow.
• EUR shorts still being squeezed, EUR/NZD up 9% since April 21.
The post USD consolidates losses after falling on soft ADP jobs numbers appeared first on Forex Circles.
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