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Wider broader base lows for the Dollar into the EU session

CROSS ASSET
  • There's some early downside continuation for the Dollar going into the European session, Risk On tone is on, and the Greenback prints lows against the PLN, EUR, GBP, SEK, MYR, TWD, CAD, MXN, KRW, NOK, IDR, ZAR, CNH, CNY and DXY is in turn hovering at its lows.
  • NZD is the best performer in G10, up 0.53%, but early focus should be on Cable, and the next resistance coming at 1.2899 61.8% retracement of the Jul 17 - Aug 8 bear leg.
  • For Equities, Emini targets 5592.21, where it was trading pre US ISM Mfg on the 1st of August, and 5600.75, the August high.
  • Nasdaq Futures and Cash had already reached pre US ISM Mfg level Yesterday, and NQA now eye 19,717.00, the August high.

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