EUR/USD drops further to 1.0880
The offered bias around the common currency is now picking up pace, sending EUR/USD to fresh lows in the 1.0885/80 band. The pair is extending its decline at the end of the week, quickly breaking below post-Brexit lows around 1.0900 the figure and now looking to challenge the key support region at 1.0820, where sits July?s low. The solid momentum surrounding the greenback has helped the US Dollar Index to climb to fresh multi-month peaks beyond 98.50, always backed by rising expectations of a Fed move by end 2016. On the data front, Consumer Confidence in the euro region measured by the European Commission is only due later, while FOMC?s D.Tarullo (permanent voter, hawkish) and San Francisco Fed J.Williams (2018 voter, neutral) are due to speak later in the NA session. The pair is now losing 0.42% at 1.0882 and a breakdown of 1.0820 (low Mar.10) would target 1.0709 (2016 low Jan.5) en route to 1.0538 (low Dec.3 2015). On the flip side, the initial hurdle aligns at 1.0994 (2014-2016 resistance line) followed by 1.1041 (post-ECB spike Oct.20) and then 1.1070 (4-month resistance line).

GBP/USD flirting with lows at 1.2230
The GBP/USD pair maintained it?s offered tone for the third straight session but has managed to hold above Thursday's swing low level of 1.2210.Currently trading around session low near 1.2230 region, a broad based US Dollar strength, led by post-ECB selling pressure around the EUR/USD major, added on to the pair's weakness led by Thursday's disappointing UK monthly retail sales figure. Moreover, Thursday's hawkish comments from Federal Reserve New York President William Dudley, which revived hopes of an imminent Fed rate-hike action by the end of this year, continues to underpin the greenback and attracting selling around the pair. Adding to that, the prevalent risk-off sentiment on Friday is further driving flows towards the perceived safety of the US Dollar and exerting pressure on the major. However, an offered tone around the EUR/GBP cross extended some support and has limited further slide for the major. Immediate support on the downside is pegged near 1.2200 handle, marking a short-term ascending trend-channel below which a fresh leg of weakness is likely to drag the pair immediately towards 1.2150 before heading towards 1.2100 round figure mark support. On the upside, 1.2270 level is likely to act as immediate resistance, which if cleared should now assist the pair beyond 1.2300 handle towards testing 1.2330 horizontal resistance en-route the ascending trend-channel resistance near 1.2350-55 region.

USD/JPY testing lows near 103.80, Fedspeak eyed
USD/JPY is seen consolidating in a 20-pips narrow range over the last hours, as the JPY bulls manage to retain control amid poor risk tone prevalent in the markets.The recovery in the USD/JPY pair remains capped by 104 handle, despite ongoing bullish momentum in the greenback against its main rivals, as persisting risk-averse market conditions continue to underpin the safe-haven yen.Moreover, the yen markets seem to have ignored BOJ Governor Kuroda?s latest comments, as he continues jawboning. Kuroda noted that the bank will continue implementation of extremely accommodative expansionary monetary policy.The USD/JPY pair is seen last exchanging hands at 103.84, hovering within a striking distance of daily lows struck earlier at 103.78, down -0.11% on the day. In terms of technicals , the immediate resistance is located at 104.26 (daily R1). A break above the last, the major could test 104.50 (psychological levels) and 104.63 (3-month high) beyond the last. While to the downside, the immediate support is seen at 103.85 (5-DMA) next at 103.22 (20-DMA) and below that at 103.00 (key support).

USD/CHF bullish above 0.9819 Commerzbank
The pair?s outlook remains on the bullish side while above 0.9819, suggested Karen Jones, Head of FICC Technical Analysis Research at Commerzbank. ?USD/CHF saw a brief spike lower but recovered and is poised to challenge the .9956 June high. This is now exposed given that the market has eroded the 11 month resistance line. This remains the break up point to parity and the 1.0256 2016 high. These levels will remain in focus while no daily chart close below the .9819 19th September high is seen. We do have a 13 count on the 60 minute chart and may see the market consolidate very near term?. ?Dips should hold between the .9941/19 below here lie the 200- and 55- day moving averages at .9789/61. Only unexpected failure at the latter level would alleviate the topside push?.

NZD/USD breaks below 100-DMA support
The NZD/USD pair extended Thursday's rejection from 50-day SMA and dropped further below 0.7200 handle to break below 100-day SMA. Currently trading near 0.7170 region, the pair traded lower for the second consecutive day amid broad based US Dollar strength primarily led by ECB-led selling pressure around the EUR/USD major. Moreover, hawkish speech from Federal Reserve New York President William Dudley revived hopes of an eventual Fed rate-hike action by the end of this year and is further weighing on higher-yielding currencies - like Kiwi.With an empty economic docket, broader sentiment surrounding the greenback would remain the sole driver of the pair's trajectory on Friday, while investor expectations of further rate-cut by RBNZ at its November meeting would also contribute towards determining the pair's next leg of directional move.From current levels, a follow through weakness below 0.7165 horizontal support is likely to accelerate the slide immediately towards 0.7135 support before eventually dropping to 0.7100 round figure mark. On the upside, recovery back above 0.7185 region (100-day SMA) might lift the pair beyond 0.7200 handle towards 0.7220 resistance. However, major upside hurdle remains at 50-day SMA near 0.7250 region.

Oil looks to stabilize on Russia Novak?s comments
Oil prices on both sides of the Atlantic stalled its downslide and now look to regain the bid tone as the bulls find support from the latest comments from the Russian oil minister Novak.Currently, both crude benchmarks trade modestly flat, with Brent at $ 51.32, while WTI hovers around $ 50.50 levels. Oil prices attempt a tepid-recovery after yesterday?s sell-off, as traders cheer fresh comments from Novak, noting that oil output freeze is needed and that he would put forth some proposals during his meeting with Saudi this weekend.However, it remains to be seen whether the black gold will be able to sustain the recovery, in wake of persistent broad based US dollar strength. A stronger USD makes dollar denominated commodity expensive for the holders in foreign currencies.Oil slumped yesterday after China reported another jump in the country?s diesel and gasoline exports, refueling supply glut concerns and hence, weighed heavily on the commodity amidst a broadly higher US dollar.Looking ahead, attention turns towards the rigs count report for fresh insights oil prices.

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