 Swiss Franc is clearly the weakest one for today so far. In particular selloff intensifies somewhat in European session. Weakness of the Franc also drags down Euro, which is trading as the second weakest. On the other hand, Sterling is taking turn to be the strongest with New Zealand Dollar today. There are a lot of rumors and noise flying around on Brexit, but the Pound generally shrugs them off. EU chief Brexit Michel Barnier's speech on the topic could probably give Sterling a decisive direction. Dollar is so far mixed, failing to ride on Friday's late rebound. Mid-term election is likely a factor delaying movements in the greenback. The global stock markets are rather mixed today. Major European indices are trading higher at the time of writing. FTSE is up 0.40%, DAX up 0.12%, CAC up 0.26%. But major Asian indices ended all in red. Nikkei closed down -1.55%, Hong Kong HSI down -2.08%, China Shanghai SSE dropped -0.41%. Singapore Strait Times fell -1.79%. German 10 year yield is up 0.002 at 0.434. Italian 10 year yield is up 0.0407 at 3.346. German-Italian spread remains below 300. Technically, 113.38 in USD/JPY remains a focus, same as 0.8722 in EUR/GBP. GBP/CHF is now a pair note too with today's rise. Break of 1.3115 will resume whole rebound from 1.2457. Otherwise, the forex markets lag decisive movements for now. Most pairs are just consolidation in familiar range. |
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