The U.S. dollar hovered below a four-and-a-half-month high against a basket of major currencies in the Asian session on Friday (May 11) after sluggish U.S. inflation data prompted traders to reduce bets that the U.S. will raise interest rates at a faster pace.

Non-US currencies are currently mixed, and the overall volatility is still limited to a range. Intraday markets focused on ECB President Mario Draghi's speech at 21:15 in Florence, Italy.

The euro has so far weathered a jump in Italian government bond yields. Italy's two major anti-establishment parties are likely to come to power as both sides move toward forming a government

"One big step". While this would end the nearly 10-week political stalemate that lasted after the March 4 election, investors are wary of the 5-Star Movement forming a coalition with the far-right Northern League.

Both parties oppose EU budget constraints. Against this backdrop, UOB's FX Strategy Research team has written a brief analysis and forecast of the outlook for EUR/USD, GBP/USD, AUD/USD, NZD/USD and USD/JPY.

The main content of the bank's views is as follows: EUR/USD: bearish, the likelihood of further weakening is reduced, which we stressed last day

"The next level of concern for the euro is 1.1800", added

"The December low of 1.1715 may not be touched". Then the euro rebounded strongly in Europe and the United States, hitting a high of 1.1946 at one point, up 0.53% from the previous day, recording its biggest gain since the end of March.

While our bearish stops at 1.1960 remain intact, the move suggests that the possibility of further EUR weakness disappears.

That is, if the euro is to resume its sharp downward momentum, it will have to move and stay below 1.1845 in the next 1-2 days, otherwise there will be no surprise in the upside break of 1.1960.

GBP/USD: Still bearish, but further weakening to 1.3458 is unlikely, we noted later on Tuesday

"The pound remains bearish, but further weakening to 1.3458 is unlikely" and remains unchanged for now.

The pound traded sideways last day, and the short-term momentum was further weakened. For now, we continue to see the odds of further GBP weakness not very high.

However, only a break above 1.3630 would signal the end of the current bearish phase. AUD/USD: Bearish to neutral, AUD has entered a corrective/consolidation phase, which we highlighted last day

"A further decline in the Australian dollar to 0.7400 is not ruled out, but the odds are not high", added

"The Aussie is looking for a short-term bottom". Nonetheless, the extent and strength of the subsequent rally in the Aussie was surprising, hitting a high of 0.7540 overnight, its biggest one-day gain since late March.

While our bearish stop loss at 0.7550 remains intact for now, price action is enough to suggest that the Aussie has found a short-term bottom at Tuesday's low of 0.7413.

The current move in the Australian dollar is seen as an early stage of a consolidation correction. In the short term, the Aussie is biased to the upside, although any upside in the Aussie at this stage is seen as part of a consolidation in the 0.7440/0.7600 range rather than the start of a bullish reversal.

NZD/USD: Bearish, or challenging 0.6900 support We highlighted on Tuesday

"The risk of the formation of short-term lows rises", added

"To maintain the current downward momentum, the NZD must remain below 0.7005 in the coming days."

The New Zealand dollar closed below 0.7005 on Tuesday, having extended its decline earlier in the day and touched a low of 0.6929 at one point.

For now, we expect the NZD to challenge the next support at 0.6900, a break below which will shift the focus to 0.6885.

USD/JPY: Neutral, pressure turns to the upside, a test of 110.45/50 is not surprising USD/JPY tried last day but failed to break above the 110.00 mark decisively.

Despite the retreat from the highs, there is still a possibility for the dollar to test strong resistance at 110.40/45.

Only a break below 109.00 would suggest that the current modest upside pressure has eased.

。

"I'll be honest with you, just because the cake is so delicious, I've always missed it. You better promise me. ”

"Since you've said so, well. I'll take you on a tour of our department store and pick up a cake by the way. ”

"Okay." Department store? What's the novelty? Nightshade and Mora walked out of the mansion, and the men wanted to go with them, but Nightshade signaled them to retreat.

"The Rise of the Underworld" Chapter 284 The strangely shaped cake is being beaten in your hands, please wait a moment, content.

。。 The battle between El and Thanos is no longer limited to Earth, and space has become the main battlefield for the two.

"Leave my homeland!" The battle between the two finally angers someone who has made their home on the moon, and a sudden sound wave blasts Thanos, who is in a stalemate with El.

The powerful shockwave instantly blasted Thanos out of the solar system, and it was the king of the Inhumans - the Black Bolt King!

Because of anger, Black Bolt doesn't just attack. The game between the Warriors and the Rockets is locked in at 7:30 a.m. on May 15.

Compared with the Cavaliers, who have always been favored in the East, Thanos led the team to sweep with a single core, and the confrontation on the Western side is a little unpredictable.

Because the two teams are so similar, there are many similarities in the style of play, including the team's tactics.

It is difficult to distinguish between the two teams even if they pull out all the players for comparison, and it can be seen that the competition between the two teams must be a wonderful performance, and the excitement may be more interesting than the finals later.

Why can the Rockets inflict such horrific damage on the giants of the Warriors? Although the current Warriors look very strong, and the death of the five is also a winning streak.

A lot of teams don't know how to continue playing. But relative to other teams, the Rockets may be the best team to fight the Death Five.

Because the overall tactic of the Death Five is to highlight an offensive score. There will be a little lack on the defensive end, but it will directly pull the offensive ability to the full, but the Rockets' Capela has grown into a defensive monster now, with a good blocking ability in every game on average, and even compared to the Warriors.

The output of the Rockets is not bad, whether it is Paul Harden or Round-faced Deng, everyone has excellent outside projection, compared to the Warriors' Thompson, Curry and Durant, these three are not inferior.

And from a lot of data, we can see that the Rockets are the top three teams among the opponents of the Warriors in the past four years, whether it is offensive efficiency, defensive efficiency, and net efficiency.

This is something that even the Cavaliers who won the championship against the Warriors that year. So whether it is from the data or the analysis on the court, it is not difficult for us to find that such a rocket should be the most terrifying opponent the Warriors have encountered since they ascended to the altar.

Of course, the main charm of basketball is its unpredictability, and no one knows which player might burst into the fighting power of the ancient beast in which game.

These are all things that we can't predict, but we just need to know that this time the battle between the Warriors and the Rockets must not be missed.

"Na! How are you going to deal with me now? The scythe tentacles of the flying section slashed at Tsunade one after another, and Tsunade lifted the boulder and threw it over, expecting that the tentacles of the flying section would chop the boulder to pieces.

This is how much you can fight.