 Renewed buying emerges in early US session for Sterling and it's trading as the strongest for today so far. But for now, the Pound's strength is relatively limited against Yen and Dollar. Investors would need to know more about the Brexit plan B before committing. Yen is supported by mild risk aversion today but it's actually just staying in tight range. Dollar follows as the third strongest. On the other hand, New Zealand Dollar is the weakest one, followed by Canadian and then Swiss Franc. Talking about the Franc, it weakest notably against Dollar, Euro and Sterling today. Technically, USD/CHF's correction 1.0128 could have completed earlier than expected at 0.9716. Focus will be on 0.9963 for confirmation. For EUR/CHF, we continue to view the decline forum 1.1501 as completed at 1.1181. EUR/CHF's rebound today put 1.1340/8 resistance zone into focus. Decisive break there will confirm our bullish view. In other markets, major European indices are trading in red for now. FTSE is down -0.79%, DAX is down -0.58%, CAC is down -0.70%. German 10 year yield is up 0.009 at 0.235. Earlier in Asia, Nikkei dropped -0.2%, Hong Kong HSI dropped -0.54%, China Shanghai SSE dropped -0.42%, Singapore Strait Times dropped -0.45%. Japan 10-year JGB yield rose 0.0044 to 0.012. |
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