Markets take a pause after busy Central.......>

FOREX: Markets take a pause after busy Central Bank week

- Markets paused in Asia as the quiet theme spilled over into Europe with major

FX ccy pairs largely held to narrow range trade.

- The DXY extended its declines through the 100-dma to 94.35, targeting a break

of 94.00. Gold based ahead of $1200, improving on the session to $1208.61.

- EURUSD boosted by fresh demand interest breached the $1.1700 level, before

stalling around downtrend resistance. EURJPY briefly trade above Y131.00,

200-dma is the next key target at 131.12.

- GBP benefiting from improved risk, moved to six-week highs of $1.3138, but

remains at the fragility of a dovish Brexit headline to wipe out recent gains.

- NZD is the biggest outperformer in G10 following the overnight modest

acceleration in NZ Mfg PMI, and the ensuing AUD/NZD sales. While SEK is bottom

of the pile after a downside miss to Swedish CPI, EURSEK touched react highs of

Sek10.5438.

- Try lost touch following Pres Erdogan remarks that said the sudden Lira rise

was an assassination, and currently holds mid-range, last Try6.0990.