FOREX INSIGHT: EURGBP GBPJPY EURO CABLE & YEN

Taking a cue from the US market last week, the spill over effects of the US Dollar can be felt even at the opening levels of the Asian & Euroepan markets. In the absense of some US traders celebrating the Labor Day holiday have made the market susceptible to wide price swings even to this writing.

The main focus would still be the Syrian crisis and particularly the Non-farm Payrolls data within the week's trading. A more positive tone can be attributed to fresh incentives driving the USD Index higher working above the 82.05/10 basis point made mention in our most recent market view report. Aiming the next probable resistance @83.50bp would take some serious volume and momentum towards the week which may take some time to build-up. Daily corrective moves on a session-to-session turnovers between the three major markets can be expected.

Asian, European & US Sessions - FOREX INSIGHT