EUR/USD muted post-EMU data, US PCE eyed
The common currency remained mostly apathetic following releases in the euro region today, with EUR/USD hovering over the mid-1.0900s.The pair kept the composure after inflation figures tracked by the CPI have matched expectations for the current month. In fact, headline consumer prices rose at an annualized 0.5%, while Core prices advanced 0.8% over the last twelve months.Regarding GDP, the economy in the region is seen expanding at an annual pace of 1.6% during the third quarter and 0.5% QoQ, matching prior surveys.In the meantime, the greenback remains well bid against a backdrop of the continuation of the initial risk-off sentiment, all ahead of US inflation figures gauged by the PCE and September?s Personal Income/Spending.Momentum around EUR has deflated after last week?s strong advance following a better mood around USD, while speculative positioning keeps collaborating with the downside, as EUR speculative net shorts have climbed to the highest level since late January during the week ended on October 25, according to the latest CFTC report.The pair is now retreating 0.28% at 1.0955 and a breakdown of 1.0820 (low Mar.10) would target 1.0709 (2016 low Jan.5) en route to 1.0538 (low Dec.3 2015). On the other hand, the next hurdle aligns at 1.0995 (high Oct.28) followed by 1.1018 (7-month resistance line) and then 1.1041 (post-ECB spike Oct.20)

GBP/USD slides further below 1.2200 handle
The GBP/USD pair ran through fresh offers above 1.2200 handle and has now dropped to a fresh session low. Currently trading around mid-1.2100s, the pair erased Friday's tepid recovery gains amid renewed greenback buying interest following Friday's slide on news of FBI probe on Clinton's email. Increasing bets of an eventual Fed rate-hike action before the end of this year continues to underpin the US Dollar and has been a key factor restricting any swift recovery for the major.Meanwhile, the ongoing worries of a potential 'hard Brexit' and uncertainty over Mark Carney's decision to continue servicing as BoE Governor has further contributed to the offered tone around the British Pound and confined the pair within a short-term trading range near multi-decade lows. Next in focus would be US economic docket, featuring the release of Core PCE Price Index (Fed's preferred inflation gauge), personal income / spending data and Chicago PMI. The week's key focus would be on BoE's super Thursday, which would help investors to determine the next leg of directional move for the pair.A follow through selling pressure below 1.2150 immediate support is likely to turn the pair vulnerable to aim back towards 1.2100 handle, which if broken decisively would drag the pair further towards flash-crash swing lows support near 1.2000 psychological mark. On the upside, sustained recovery back above 1.2200 handle should lift the pair immediately towards 1.2250 strong hurdle above which the pair is likely to surpass 1.2300 handle and head towards testing its next resistance near 1.2330 region.

USD/JPY retakes 105.00 ahead of US releases
The upside momentum in the greenback is now lifting USD/JPY to the 105.00 handle, or session peaks.After a brief test of daily lows in the vicinity of 104.40, the pair has managed to resume the upside and retake the 105.00 neighbourhood, posting moderate gains for the day.Later in the NA session, US inflation figures measured by the PCE (Fed?s preferred gauge) and September?sPersonal Income/Spending are all due, ahead of the key FOMC meeting (Wednesday) and Non-farm Payrolls (Friday).In the meantime, the bearish note remains intact around the Japanese safe haven via a sidelined performance of the Japanese yields, all amidst a so far effective ?yield control? by the BoJ.On the positioning side and according to the latest CFTC report, JPY speculative net longs reached fresh 2-week highs on the week to October 25.USD/JPY levels to considerAs of writing the pair is up 0.24% at 104.98 facing the immediate hurdle at 105.55 (high Oct.28) ahead of 106.85 (200-day sma) and finally 107.48 (high Jul.21). On the downside, a break below 104.05 (20-day sma) would open the door to 102.78 (low Oct.10) and then 102.51 (55-day sma).

EUR/GBP remains weak near 0.90 mark after EU CPI and GDP
The EUR/GBP cross had a muted reaction to in-line Euro-zone economic releases and maintained its bearish bias around 0.9000 psychological mark.The flash version of composite Euro-zone consumer inflation, as measured by CPI, showed headline inflation ticked higher in October and rose to 0.5%, while core CPI advanced at an annualized pace of 0.8%. Meanwhile, region economic growth (GDP) held stable and came-in at 0.3% for the third quarter of 2016. Today data failed to impress bulls and the shared currency maintained its offered tone across the board. Meanwhile, a fresh bout of selling pressure around the British Pound extended support and helped limit the downslide as market participants now look forward to BoE super Thursday for fresh near-term directional impetus.On a sustained weakness below 0.8985 session low support, the cross is likely to immediately drift to 0.8945 (Friday low) before aiming towards 0.8900 round figure mark. On the upside, a follow through buying interest above 0.9000 mark, leading to momentum through 0.9025 session high resistance, has the potential to continue boosting the pair further towards testing its next major resistance near 0.9100 handle.

Gold eases from Friday's 4-week high
Gold extended retracement from Friday's 4-week high and is now retesting the very important 200-day SMA region.Currently hovering around $1274 level, broad based greenback strength, as measured by the overall US Dollar Index, is weighing on dollar-denominated commodities. However, the prevalent cautious sentiment around European equity markets is boosting the metal's safe-haven appeal and limiting any sharp slide.From a broader perspective, the yellow metal lacks a firm near-term direction and remains confined within a trading range around 200-day SMA as markets anxiously await for further clarity on the timing of next Fed rate-hike action and US Presidential election results. Later during the day, the Fed's preferred inflation gauge, Core PCE Price Index, would be looked upon for short-term momentum play ahead of a slew of central bank monetary policy decisions, which might trigger a fresh bout of volatility across global financial markets and derive the precious metal's safe-haven demand.From current levels, weakness below 200-day SMA near $1273 is likely to drag the commodity towards $1267 before the metal eventually drops to $1261-60 support area. On the upside, sustained strength back above $1280, leading to a subsequent move through Friday's 4-week high resistance near $1284-85 region, seems to pave way for further near-term recovery for the metal back towards $1300 psychological mark.

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