Forex: USD, more choppiness ahead of NFP

FXstreet.com (Barcelona) - Another slightly positive day for USD across the board, as it touched 3-day highs in USD index at 80.14 few moments ago, in an intraday double high, last at 80.09, just where it was 2 months ago. USD has been stronger since previous Asia-Pacific open yesterday against Pound, Euro, Swiss Franc, and specially Yen, while it's been weaker against the commodity currencies such as Aussie or Kiwi.

Also weak gold and oil have favored the USD strong case, with gold at session lows $1712, and Brent oil near weekly lows at $108.54. Local share markets show a positive tone overall, which plays against USD strength, following good results in US markets, ahead of key US NFP data later on at 12:30 GMT, with SP500 closing Thursday with a +1.09% gain, bringing Japan's Nikkei higher by +1.31%, and Hong-Kong's Hang-Seng by +1.05%.

US 10 year bond yields keep finding strong resistance at the 1.9% level, last at 1.74%, with key NFP data later on as key for future USD development, given US presidential elections are around the corner as well, and presumably no big positions will be taken with so much uncertainty going on. As of last COT, commercials were taking the net long side of US index, just by a small ratio long/short, while the net short side was held by speculators, as of past Tuesday Oct 23.