Monday 7/17/2017 Sydney open levels  (Friday close)

  • $JPY 112.46   (112.50)
  • EUR$ 1.1472   (1.1466)
  • GBP$ 1.3102   (1.3104)
  • $CHF 0.9631   (0.9635)
  • $CAD 1.2648   (1.2650)
  • AUD$ 0.7824   (0.7822)
  • NZD$ 0.7342   (0.7347)

News over the weekend

  • -Germany PM Merkel vows to fight for EU in campaign drive against populism.
  • -China Xi Jinping said the central bank will play a stronger role in defending against risks, calling for a more work on safeguarding the financial system.

Looking ahead:

2200 EDT China Q2 GDP, June IP and Retail sales

The Greenback opening for the week at the lowest levels across the board following last Friday’s weak US CPI and retail sales number. Odds for Dec Fed rate hike decreased to below 40% now.

AUD$ in the meantime approaching 0.7835 highest level seen in April 2016.

Plenty of option gamma supply so far capping the EUR$ near 1.1500, but the level can be taken out before ECB monetary policy meeting this Thursday.