 Sterling made a massive come back and is trading as the strongest one for today, as boosted by breakthrough in Brexit. At least, UK Prime Minister Theresa May believe she got important legally binding changes that's adequate to satisfy the parliament. The Pound could be given further lift ahead if more positive comments come in. For now, New Zealand Dollar is trading as the second strongest, followed by Euro. Meanwhile, Yen is now the weakest one as risk appetite staged in strong come back. But Loonie and Australian are the second and third weakest. Technically, EUR/GBP's break of 0.8529 support confirms resumption of fall from 0.9101 as well as medium term down trend from 0.9305. GBP/USD and GBP/JPY would likely have a take on 1.3350 and 148.57 resistance respectively with current rebound. EUR/JPY's break of 125.34 minor resistance suggests that it's defended 124.23 key support and more upside would likely be seen, even though it's too early to call for rally resumption. Dollar is staying in near term consolidation against others, including Euro, Swiss, Yen, Aussie and Loonnie. The corrective retreats could end any time, together or separately. That could depend on CPI reading from the US. In other markets, currently, Nikkei is trading up 1.94%. Hong Kong HSI is up 0.45%. China Shanghai SSE is up 1.99%. Singapore Strait Times is up 1.02%. Japan 10-year JGB yield is up 0.001 at -0.034. Overnight, DOW rose 0.79%. S&P 500 rose 1.47%. NASDAQ rose 2.02%. 10-year yield rose 0.028 to 2.643. |
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