 Sterling and Euro are trading as the weaker ones today, in otherwise mixed markets. Dollar appeared to be lifted by Trump's renewed threats to China on tariffs. He said it's "highly unlikely" to drop the planned tariff hike on Jan 1 and more could come if no deal is made with Xi this week. But there is no committed follow through buying the greenback yet. US futures now point to lower open, with European indices slightly in red. But Yen also got no sustainable momentum. Australian and New Zealand Dollar are the strongest ones but they're just stuck in familiar range. In other markets, at the time of writing, FTSE is down -0.31%, DAX down -0.37%, CAC down -0.32%. German-Italian spread is staying below 300. WTI crude oil is consolidating at around 51.3. Gold is consolidating around 1225. Earlier in Asia, Nikkei closed up 0.64%. But Hong Kong HSI, China SSE and Singapore Strait Times were down, by -0.17%, -0.04% and -0.10% respectively. Technically, GBP/USD's break of 1.2764 minor support would likely bring retest on 1.2661 low soon. GBP/JPY is having an eye on 144.02 minor support and break will resume recent decline from 149.48. While downside momentum is a bit unconvincing, EUR/AUD is still on track for 1.5519 low. |
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