US Dollar Index rece...from Ricktran111

US Dollar Index recedes from tops, back near 98.20 The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rivals, is struggling for direction in the 98.25/30 band ahead of the opening bell in Euroland.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

EUR/JPY keeps focused on trade jitters The cross is down for the second consecutive session at the end of the week, coming under renewed downside pressure in response to the improved sentiment in the safe-haven space. In fact, the US-China trade scenario has deteriorated as of late along with rising social unrest in Hong Kong, all morphing into extra upside pressure in the Japanese yen and global bonds. Moving forward, the final print of the November Consumer Sentiment is due later in the NA session along with advanced Manufacturing and Services PMIs measured by Markit. Earlier in the session, flash Manufacturing PMIs in core Euroland have surprised to the upside for the month of November despite another downtick in the services sector, noting some contagion of the generalized slowdown.

Ricktran111

USD/JPY remains bearish/neutral near-term – UOB USD/JPY is seen grinding lower in the next weeks, with the next target at the 108.00 handle, noted FX Strategists at UOB Group.

Ricktran111