Australian Dollar leads commodity currencies mildly higher as week starts, following rebound in Asian markets. On the other hand, Yen, Dollar and Swiss Fran turn softer. Nevertheless, Chinese stock lack behind other hand Asian indices and struggle to gain. There's a risk of a turn in market sentiment later in the day. Sterling and Euro are mixed for the moment. EU's formal endorsement of the Brexit withdrawal agreement provides little support to both currencies. In other markets, Japan Nikkei closed up 0.76% at 21812.00. Hong Kong HSI is up 1.56% at the time of writing. Singapore Strait Times is up 0.81%. But China Shanghai SSE is down -0.14%. WTI crude oil is back above 51 as it's trying to defend 50 psychological level. gold continues to consolidate around 1225. Technically, USD/JPY's break of 113.21 minor resistance today suggests more upside for 114.20 resistance. EUR/USD recovers mildly, but fall from 1.1472 should still be in progress for 1.1215 support. However, Dollar's strength is not that apparent elsewhere. USD/CHF is held below 1.0006 resistance. GBP/USD is kept above 1.2764 minor support and AUD/USD above 0.7164 support. These are the levels to watch today. In addition, Euro will have to defend minor support at 0.8825 in EUR/GBP and 1.5643 in EUR/AUD too. |
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