 Trading is rather subdued in Asian session today as the markets are already in holiday mood. For now, Euro is trading generally higher, followed by Sterling. Australia and New Zealand turned soft again. But most pairs and crosses are just bounded inside yesterday's strength. For the week, Swiss Franc remains the strongest one, followed by Dollar and then Yen. Aussie and Kiwi are the worst performing ones. The rebound in US stocks overnight was rather disappointing. DOW hit day high at 24669.79 but eventually closed flat at 24464.69. S&P 500 rose 0.3% to 2649.93. NASDAQ closed up 0.92% at 6972.25. These three indices did nothing to indicate they're bottoming in near term and recent selloff will likely extend after the US markets are back from holiday. Treasury yields, closed slightly higher with 10 year yield rose 0.013 to 3.061. Asian markets are mixed. Nikkei is currently up 0.62%. Hong Kong HSI fluctuate between gains and losses in very tight range. China SSE is down -0.45%. Singapore Strait Times is up merely 0.10%. WTI crude oil is consolidating at around 54.4. Gold is in tight range around 1225. | 
No comments:
Post a Comment