No important releases for today as most statistics boards are away on holidays.

Today’s Forecast for Important Trading Indicators

Market Movers

• EURUSD – EURUSD continued to rise in a slow but steady motion reaching 1.1958 during the Asian session.
• USDJPY – Found support at 112.70. USDJPY fell, however found support at 112.70.
• GBPUSD – Range Trading. The cable was trading in a range during the Asian session this morning ahead of a long holiday weekend.
• Gold continued to rally in Asia touching 1296 and just $4 shy from the 1300 USD handle.

It has been a good year for the Asian currencies against the greenback. Generally, in 2017 most of the currencies showed good return against the USD.

The year-end final week theme continues, as the dollar remains on the backfoot today.

CNY leads gains after the PBOC strengthened the Yuan at the fix to its highest point in 3 months.

Should USDCNY remain near current levels, this year would be the best performance in the Yuan against the Dollar since 2008.

We wish everyone a Happy New Year and we will back on the 2nd of January 2018!