Trading in forex markets is rather subdued today in overall mixed mood. Better than expected manufacturing data provides little lift to sentiments. Coronavirus curfew in Australia’s Victoria state is also shrugged off. Instead, traders are generally cautious ahead of a very busy week. RBA and BoE will meeting while tons of heavy weight data like US ISMs and non-farm payrolls will be featured.

Technically, an immediate focus would be on whether Dollar could finally turn around the corner and has a sustainable rebound. USD/JPY has already breached 106.07 resistance, so did USD/CHF on 0.9151 minor resistance. Eyes will now be on 1.1698 minor support in EUR/USD, 1.3013 minor support in GBP/USD, as well as 0.7063 minor support in AUD/USD. Additionally, 1939.20 support in Gold will also be watched.

In Asia, Nikkei closed up 2.24%. Hong Kong HSI is down -0.73%. China Shanghai SSE is up 1.36%. Singapore Strait Times is down -1.52%. Japan 10-year JGB yield is up 0.0108 at 0.026.

Source: www.actionforex.com