US dollar Index-
The US dollar index showed a minor sell-off due to profit booking. It hit a low of 105.37 and is currently trading around 105.424.
Markets eye US economic data and Fed official's speech for further direction
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 61.10% from 56.70% a week ago.
US economic data for the day
S&P/CS composite -20 HPI y/y (1 pm GMT)
US CB Consumer Confidence (2 pm GMT)
Major resistance- 106/107
Major support- 103.80/103
EURUSD-
EURUSD has been trading in a narrow range between 1.0660 and 1.07650 for the past two days. It hit a low of 1.06705 and is currently trading around 1.07372.
Dallas Fed manufacturing Business index improved to -15.10 in June from -19.40.
Major resistance-1.0760,1.0835
Major support- 1.0650,1.0600
Yen-
The yen gained slightly after verbal intervention by Japan’s Hayashi. Any close above 160.20 confirms further bullishness.
Major Resistance- 160.20,162
Major support- 158,156
Canadian Dollar
The Canadian dollar gained momentum ahead of the Canadian CPI. Any break below 1.3600 confirms further bullishness.
Resistance- 1.3730, 1.3800
Major support- 1.3660,1.3600


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