EUR/USD wipes-out gains, flirts with 1.1100
The shared currency shaved-off gains and trades almost unchanged against its American rival in the European session, with EUR/USD now hovering around 1.11 handle ahead of the Eurozone jobs data.Currently, EUR/USD trades modestly flat at 1.1099, moving back and forth within a striking distance of session lows struck at 1.1094. The retreat in the EUR/USD pair from three-week peaks is largely in response to a tepid-bounce staged by the US dollar against its major peers, as risk-off cools-off a bit amid higher stocks and oil prices. Meanwhile, the USD index trades -0.10% lower at 97.29, recovering sharply from multi-week lows reached at 97.08.Attention now turns towards the Euro zone labor market report due later this session, while High court Brexit ruling and BOE events will be also closely eyed for any cross-driven impact on the major. While the US calendar offers a bunch of macro releases, including the weekly jobless claims, factory orders and ISM non-manufacturing PMI.In terms of technicals, the pair finds the immediate resistance 1.1129 (100-DMA). A break beyond the last, doors will open for a test of 1.1167 (daily S2) and from there to 1.1195 (200-DMA). On the flip side, the immediate support is placed at 1.1090 (daily pivot) below which 1.1047 (5-DMA) and 1.1000 (psychological levels) could be tested.

GBP/USD climbs to 1.2450 on High Court ruling
GBP/USD has quickly tested fresh highs in the mid-1.2400s following the decision by the High Court on the role of the Parliament regarding Article 50.GBP has climbed to fresh multi-day highs vs. the greenback after the High Court said that UK government must get the Parliament?s approval to trigger Article 50. In addition, the High Court said Brexit question is purely legal while added that the government accepts the irrevocability of Article 50.Spot remains well bid just below the 1.2400 handle following the decision of the High Court and ahead of the BoE?s interest rate decision, the Quarterly Inflation Report and the press conference by Governor M.Carney.As of writing the pair is gaining 0.60% at 1.2380 facing the next resistance at 1.2450 (high Nov.3) followed by 1.2585 (2-month resistance line) and finally 1.2791 (55-day sma). On the other hand, a breach of 1.2086 (low Oct.11) would open the door for a test of 1.1450 (low post-?flash crash? Oct.7).

USD/JPY could slip towards 101.81 Commerzbank
In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could grind lower to the 101.80 area.?USD/JPY has continued to sell off from the May low at 105.55, it is easing back from here and has already reached the 55 day ma at 102.60, this may prompt a very small rebound. We look for the market sell off to the base of the cloud at 101.81.Could the sell off reach lower towards the 100.40 5 month support line? We cannot rule this out at this point. Intraday rallies are indicated to terminate circa 103.75?.?Longer term we suspect that the market is basing and target the 107.49 July high and the 200 day ma at 106.97 at this stage. The base would offer an additional upside measured target to approximately 109.50?.

AUD/USD keeps the 0.7540/0.7705 range UOB
FX Strategists at UOB Group has suggested AUD/USD points to further consolidation between 0.7540 and 0.7705.?While the pull-back in AUD touched 0.7620/25 as expected (low of 0.7613), the subsequent rapid rebound from the low was unexpected. From here, the undertone is tilted to the downside as long as 0.7690/95 is intact but at this stage, any down-move is expected to struggle to move below the now rather strong support of 0.7615/20?.?AUD registered and ?inside day? yesterday and there is no change to the current neutral outlook. Indicators are showing mixed signals and it does not appear that this pair is about to embark on af sustained directional move. In other words, we continue to expect a 0.7540/0.7705 consolidation range for now.

US Dollar finds support near 97.00 ahead of US data
The greenback, gauged by the US Dollar Index, has trimmed earlier losses and is now managing to retake the 97.30 area.In spite of the ongoing rebound from daily lows, the sentiment around the buck has taken a hit following the events on the US political arena, where the scenario pre-elections remains everything but clear.The index has been in almost a free-fall since last week?s 9-month peaks just above the 99.00 limestone, as the Clinton-FBI issue and the subsequent pick up in the vote intention around Republican candidate D.Trump has been undermining the upside potential around USD.In addition, the FOMC has reiterated yesterday its ?data-dependent? stance regarding the timing of a potential rate hike, while the Committee stressed that the case for higher rates ?has continued to strengthen?. Markets? bets keep pointing to a ?dovish hike? by the Federal Reserve by year-end, with markets already pricing in such event at around 70%.On the US data front, the Service sector will be in the limelight as Markit and the ISM will publish their gauges along with Initial Claims and September?s Factory Orders.The index is losing 0.08% at 97.31 facing the next support at 96.37 (55-day sma) followed by 95.83 (200-day sma) and finally 95.56 (6-month support line). On the upside, a breakout of 99.09 (high Oct.25) would aim for 99.95 (high Jan.21) and then 100.60 (high Dec.3).


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