EUR/USD re-attempts 1.1000 on cross-driven demand
EUR/USD maintains the bid tone in the European session and gathers pace for a decisive break above 1.10 handle, in response to broad USD weakness and cross-driven strength.Currently, EUR/USD trades +0.14% higher at fresh eight-day highs of 1.0995, eyeing a break above 1.1000. The main currency pair?s recovery from 1.0960 region gains traction post-European open, largely on the back of cross-driven demand for the common currency. Both the EUR/JPY and EUR/GBP cross trade on a firmer footing, providing much-needed support to the EUR bulls.Additionally, resumption of USD selling across the board, after a brief phase of consolidation seen during the Asian hours, also collaborates to the upbeat sentiment seen behind the EUR/USD pair.Later today, the major is likely to get influenced significantly by the US ISM manufacturing PMI gauge, which will be published later in the NA session. While the Fed?s interest rates decision due tomorrow is also expected to remain on the investors? minds. In terms of technicals, the pair finds the immediate resistance 1.1000 (key psychological barrier). A break beyond the last, doors will open for a test of 1.1050 (psychological levels) and from there to 1.1100 (key resistance). On the flip side, the immediate support is placed at 1.0926 (10-DMA) below which 1.0900 (round figure) and 1.0886 (daily S3) could be tested.

GBP/USD around 1.2250 post-PMI
The British pound keeps the firm note on Tuesday, with GBP/USD hovering over 1.2250 after climbing as highs as 1.2280 in early trade.The pair has given away some pips after UK?s Manufacturing PMI tracked by Markit has come in a tad below estimates at 54.3 for the month of October, retreating as well from September?s 55.4.In the meantime, the upside momentum in GBP remains underpinned by the selling pressure around the greenback and the recent decision by M.Carney to remain the Governor of the Bank of England until June 2019.It is worth mentioning that GBP speculative net shorts remained at record levels during the week ended on October 25, although they have been trimmed to 5-week lows. Furthermore, open Interest has climbed to the highest level since mid-March. As of writing the pair is up 0.03% at 1.2243 and a breakdown of 1.2251 (high Oct.31) would aim for 1.2327 (high Oct.18) and finally 1.2377 (high Oct.11). On the other hand, the immediate support aligns at 1.2086 (low Oct.11) followed by 1.1450 (low post-?flash crash? Oct.7).

USD/CHF struggling to recover back above 0.9900 handle
The USD/CHF pair was seen struggling to build on Monday's tepid recovery gains and remained confined below 0.9900 handle ahead of Swiss data.Currently trading around 0.9890-85 band, the pair has failed to gain any traction and has been confined within a narrow range as traders look forward to Swiss monthly retail sales and manufacturing PMI data. Later during NA session, the release of ISM manufacturing PMI might provide some short-term trading opportunities. Investors, however, will remain focused on Wednesday's FOMC decision and Friday's key monthly jobs report in order to gauge possibilities and timing of next Fed rate-hike action and would eventually determine the pair's near-term trajectory.On a sustained move above 0.9900 handle, the pair is likely to immediately dart towards 0.9930-35 resistance area above which the momentum could further get extended towards 0.9955 resistance area. On the downside, weakness below 0.9870 level seems to drag the pair towards 0.9845-40 support area before the pair eventually drops back to 0.9800 handle.

USD/JPY targets 107.49 longer term Commerzbank
In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a visit of the mid-107.00 in the longer run.?USD/JPY has rallied to and so far halted at the May low at 105.55, we note a TD perfected set up on the 240 minute chart and the divergence of the daily RSI and we would allow for this to hold the initial test. Longer term we suspect that the market is basing and target the 107.49 July high and the 200 day ma at 107.13 at this stage. The base would offer an additional upside measured target to approximately 109.50?. ?We have a 20 day ma at 104.05 and should find initial support at 103.16 ahead of the 101.92 base of the cloud?.

NZD/USD darting towards 100-DMA
Following Monday's range-bound price action, with mild negative bias, the NZD/USD pair gained some traction and is now building on Friday's strong up-move. Currently trading at a fresh session peak around 0.7180 region, a slight improvement in investor risk appetite is benefitting risk-associated assets, including higher-yielding currencies - like Kiwi. Today's better-than-expected Chinese manufacturing PMI eased concerns of economic slowdown in the world's second largest economy and is supportive of the prevalent risk-on mood in financial markets.Moving ahead, today's release of US ISM manufacturing PMI would be looked upon for short-term momentum play ahead of this week's key event risks - Fed monetary policy decision and US monthly jobs report (NFP), which would help investors to determine the next leg of directional move for the pair.From current levels, 100-day SMA near 0.7195-0.7200 region seems to act as immediate hurdle above which a fresh leg of up-move should boost the pair immediately towards 0.7225-30 resistance. On the downside, 0.7150 (session low) now becomes immediate support to watch, which if broken might accelerate the slide immediately towards 0.7115 horizontal support.

WTI up smalls, retakes $47.00 ahead of API
Crude oil prices are posting meagre gains so far on Tuesday, taking the barrel of West Texas Intermediate to the boundaries of the $47.00 mark.Prices for the barrel of WTI keep the area of 2-month lows around the $47.00 handle after briefly testing the area of $46.70 on Monday.Increasing scepticism over the ability of OPEC and non-OPEC countries to clinch a final deal on an output freeze in Vienna later in the month continues to drive the sentiment among traders, dragging prices more than $5 since fresh 2016 tops near the $52.00 mark (October 19).Later in the NA session, US ISM Manufacturing and Markit?s Manufacturing PMI are due ahead of the weekly report on US stockpiles by the API. Recall that crude oil prices have found support in recent weeks following substantial draws in crude oil supplies.Regarding positioning and according to the latest CFTC report, WTI speculative net longs remained in levels last seen in June 2014 above 400K contracts, when the American benchmark for the light sweet oil was trading around $100 per barrel.At the moment the barrel of WTI is up 0.15% at $46.93 and a breakout of $47.39 (55-day sma) would expose $49.84 (55-day sma) and finally $51.93 (2016 high Oct.19). On the other hand, the immediate support lines up at $46.63 (low Oct.31) followed by $46.44 (100-day sma) and finally $43.51 (200-day sma).

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