Asia Morning Forex Update

The US dollar was mixed overnight, with EURUSD chopping around either side of 1.28 for most of the US session, while USDJPY was more volatile but also little changed on net.

EUR/USD currently trades at 1.2742 coming down from its high levels1.2833 levels at Asia Forex Trading hours, People are mostly in sidelines due to ECB rate decision coming out today.
We see People closing there positions.

The US ADP employment estimate for July came in less than market expected at a rise of 99k in private payrolls. We did see a Little strength in Dollar for Short-Term as mentioned earlier, But this was largely ignored by the market, as earlier a false signal was sent by the ADP report in previous month. We didnt see any changes in US yields.

The developing crisis in the Middle East may also be playing a role in USD downside.

Look ahead for Various Data coming today

BOE Rate Decision. - 11:00 GMT
ECB Rate Decision. - 11:45 GMT
US Intial Jobless claims. - 12:30 GMT
US Continuing Claims - 12:30 GMT
US Factory Orders - 14:00 GMT
US ISM Non-Manufacturing - 14:00 GMT