 The financial markets are generally quiet in Asian session today, with stock indices stuck in tight range. Sterling turned mixed after knee-jerk reactions to new Brexit chaos overnight. The Pound is probably as clueless the UK government on what's next for Brexit. Australian Dollar pares back some of this week's gain as Q4 house price dropped more than expected. Overall, Aussie is the weakest one for now, followed by Dollar. Yen is the strongest, followed by Kiwi. Technically, there isn't any critical development yet. EUR/USD continues to lose upside momentum there is no indication of completion of rebound from 1.1176 yet. Yesterday's rally resumption in oil prices provided no lift to Canadian Dollar. USD/CAD is stuck in tight range above 1.3289 even though more downside in in favor. AUD/USD, despite yesterday's rebound, is held below 1.7121 minor resistance, thus maintains near term bearishness. Sterling remains non-committal, range-bound in GBP/USD, EUR/GBP and GBP/JPY. In Asia, Nikkei closed down -0.10%. Hong Kong HSI is down -0.07%. China Shanghai SSE is down -0.03%. Singapore Strait Times is up 0.01%. Japan 10-year JGB yield is down -0.004 at -0.04. Overnight, DOW rose 0.25%. S&P 500 rose 0.37%. NASDAQ rose 0.34%. 10-year yield rose 0.009 to 2.602, back above 2.6 handle. But 30-year yield dropped -0.009 to 3.011. |
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