Friday, February 3, 2017

US payrolls tonight (930pm SG/KL time) will be a key focus especially after a massive ADP upside surprise and ma





FX Tech Weekly
by Saktiandi Supaat


FX Research





US payrolls tonight (930pm SG/KL time) will be a key focus especially after a massive ADP upside surprise and may set the tone for USD Consensus is expecting 180k increase for Jan NFP. A stronger print above 200-200k may reignite USD strength. Meanwhile we caution that several USD/Asia FX are sitting at key support levels: USDSGD 1.4090, USDJPY 112; a push beyond see 1.3950, 110. USD/Asian may trade lower but pace of decline is likely to slow. Bias to buy dips targeting 1.4280, 114.50.

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