 Dollar was sold off broadly overnight after Fed's dovish FOMC statement. And it remains the weakest one for today. US equities also surged sharply and risk appetite was carried through to Asian session. Riding on this, commodity currencies are generally higher, as led by Australian Dollar. However Yen also remains resilient for now, as helped by deep decline in USD/JPY. Meanwhile, Sterling is the second weakest following Dollar on Brexit uncertainty. Swiss Franc is the third weakest. Technically, EUR/USD resumed the rebound from 1.1289 and breached 1.15 handle. It's targeting 1.1569 resistance and above. USD/JPY's break of 109.14 suggests completion of recent rebound from 104.69 and 107.77 support is next downside target. AUD/USD's break of 0.7235 indicate resumption of rebound from 0.6722, for 0.7393 resistance. USD/CAD also resumed the fall from 1.3664 by taking out 1.3180 support. Dollar will look into tomorrow's NFP as savior, or some positive news from US-China trade talks. In other markets, Nikkei closed up 1.06% at 20773.49. Hong Kong HSI is currently up 0.92%. China Shanghai SSE is up 0.17%. Singapore Strati Times is up 0.42%. Japan 10-year JGB yield is down -0.0018 at 0.002. Overnight, DOW rose 1.77% or 434.9pts to 25014.86, reclaimed 25k handle. S&P 500 rose 1.55% to 2681.05. NASDAQ rose 2.20% to 7183.08. 10-year yield dropped -0.017 to 2.695, back below 2.7. |
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