$DXY, $EUR, $JPY, $GBP, $AUD
Commentary: Good gains overnight by the USD after a stronger than expected US retail sales. PE
Good gains overnight by the US Dollar (.DXY) Index at 93.82 after a stronger than expected US retail sales (+0.6%, against expectation of +0.4%) and a comment by Bill Dudley of the New York Fed that he would like 1 more rate hike. Be careful of important USD resistance in the 94.00-94.50 area.
EUR (Euro) at 1.1740 may dip to 1.164 this week or next. Unless there is a strong bounce from that mark, there could be a deeper fall to 1.1540 or lower.
USD/JPY at 110.67 rose above 109.70 looks seems to be breaking out of the near-term downtrend that in place from 114.50 since mid-July. We may have to give more time to a sideways trend in USD/JPY.
EUR/JPY at 129.86 remains above the Key support at 128, a rise above 130 could rekindle the risk-on trade.
Sterling (GBP) 1.2863 bears watching in here as it trades below 1.29 support, but on a trendline support coming up from the March low at 1.2106. A bounce from here is more likely than a break of support.
AUD (Aussie) at 0.7830 marked a low at 0.7807 Tuesday instead of building on its bounce from 0.7830. So, may see a test of 0.7790, while trading below 0.7870-90.
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