EUR/USD slides further to 1.0650, still above weekly lows
The euro extended losses against the US dollar during the American session amid a stronger US dollar. The greenback jumped in the market following comments about a tax reform from Donald Trump, that would be announced over the next weeks.EUR/USD fell to 1.0649, hitting a fresh daily low and currently is hovering around 1.0655, down 0.32% for the day so far. In Wall Street, the Dow Jones soared to new record highs after Trump?s comments and it was up 0.69%. US bond yields rose further and the 10-year climbed from 2.33% to 2.39%. Despite the decline, the euro managed to held above yesterday?s lows but still remains under pressure. The pair is headed toward the lowest daily close in three weeks. Resistance levels might be seen at 1.0665/70 (European session low), 1.0690 (downtrend line from February highs) and 1.0710/15 (Feb 8 high). On the opposite direction, support could be located at 1.0650 (daily low), 1.0640 (weekly low), 1.0617 (Jan 30 low) and 1.0585 (Jan 19 low).

GBP/USD erases gains as US dollar soars
The US dollar rose sharply in the market after comments from US President Trump regarding taxes. GBP/USD fell from 1.2570 to 1.2515 in a few minutes. The decline found support above Asian session lows. Cable erased gains and currently is trading at 1.2530, around the same level it closed yesterday. The tone of the pair turned bearish but so far it has been able to hold above a 2-day uptrend line that stands at 1.2510. Trump said that his administration will be announcing changes in taxes over the next weeks. Around the same time, Fed?s Bullard mentioned that fiscal uncertainty won?t be resolved by March and said that one rate hike in 2017 is necessary. The greenback rose sharply in the market during the last hour, particularly against the yen as equity prices jumped in Wall Street and US yields turned higher. To the upside, resistance levels might be seen at 1.2545 (Feb 7 & 8 high), 1.2580 (daily high) and 1.2610. To the downside, support could be located at 1.2505/10 (uptrend line), 1.2495 (daily low), 1.2475 (Feb 8 low) and 1.2425 (Feb 6 low).

USD/JPY: Bullish bias ahead of Trump-Abe meeting and Yellen speech
Analysts from The Bank of Tokyo-Mitsubishi UFJ, hold a bullish bias on the USD/JPY pair and expect it to trade between 111.00 and 114.50 over the next week. ?USD/JPY has traded in a narrow range at the 112 level this week, ahead of the US-Japan summit Friday. USD/JPY has been under downward pressure from seasonal JPY cash repatriations and fewer JPY short positions by speculators. Still, the lower bound for USD/JPY has been confirmed to be around 111.??USD?s momentum will depend on any statements by President Trump or Fed Chair Yellen, who will speak before Congress next week (Feb 14-15). This could be a key trigger for USD strengthening.??The US-Japan summit may not support JPY strengthening much. Some policy proposals could encourage Nikkei stock purchases, which would support a higher USD/JPY. Japan releases GDP figures for 2016 on Feb 13, and we expect positive growth driven by capital expenditures. Seasonal JPY purchases could weigh heavily on USD/JPY, with topside around 114.50. BoJ Governor Kuroda has struggled with managing expectations for his yield control operations and this could fuel volatility for USD/JPY, along with JGB purchases. The BoJ has made frequent purchases of 5Yr-10Yr tenure JGBs recently, which were not in the original purchase plans for February.?

AUD/USD rejected near 0.7660; Trump 'wait and see' capped further upside
Currently, AUD/USD is trading at 0.7628, down -0.21% or (16)-pips on the day, having posted a daily high at 0.7663 and low at 0.7609.Today's US economic docket was expected to have the same 'old tunes' as market participants had priced Initial Jobless Claims that printed 'a better than expected' 234K figure. As usual, when US dollar short-sellers felt in control, Trump fired words signaling 'near spending and something related to taxes' which immediately energized long-dollar positions. Furthermore, the Australian dollar lacked further support from the RBA as the central bank failed to strike down the greenback due to a lack of direction or understanding 'if' the exchange is too high or not because of the country's reasonable growth outlook.Historical data available for traders and investors indicates during the last 6-weeks that AUD/USD pair, a commodity-linked currency, had the best trading day at +1.18% (Jan.17) or 89-pips, and the worst at -0.81% (Jan.18) or (61)-pips.In terms of technical levels, upside barriers are aligned at 0.7695 (high Feb.2), then at 0.7777 (high Nov.8) and above that at 0.7834 (high April.21). While supports are aligned at 0.7576 (low Feb.2), later at 0.7507 (100-DMA) and below that at 0.7436 (50-DMA). On the other hand, Stochastic Oscillator (5,3,3) seems to have a strong conviction to head south. Therefore, there is evidence to expect further Aussie losses in the near term.

USD/CHF attempting a fresh move towards conquering parity mark
After yesterday's reversal move, the USD/CHF pair regained traction on Thursday and was seen attempting a fresh move towards reclaiming parity mark.Currently trading around 0.9990 region, the pair has repeatedly failed to conquer 1.00 psychological mark amid lack of follow through greenback buying interest, with the key US Dollar Index confined in a range between 100.00 psychological mark and mid-100.00s.However, improving investor risk-appetite, as depicted by positive trading sentiment around equity markets is denting the Swiss Franc's safe-haven appeal, helping the pair to erase previous session's reversal move. From technical perspective, the pair remains confined in a broader trading range between 100-day SMA resistance and support at the very important 200-day SMA. Hence, it would be prudent to wait for a decisive break through this recent trading range before confirming the pair's next leg of directional move.Next on tap would be the US weekly jobless claims data, which would be looked upon for momentum to lift the pair beyond parity mark and confirm a near-term bullish breakout.A follow through buying interest above parity mark is likely to lift the pair towards 1.0020-25 horizontal resistance ahead of 1.0045 resistance level (Jan. 30 high). Conversely, reversal from current resistance level and a subsequent weakness below 0.9950 support is likely to accelerate the slide towards 0.9925 horizontal support, en-route 0.9900 round figure mark.

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