The forex markets turned mixed ahead of weekend as there is a lack of theme driving the moves. Swiss France turned weakest global stock markets jump mildly. Canadian Dollar is the second weakest as WTI crude oil retreats sharply ahead of 60 handle. Sterling is the third weakest as the length of Brexit extension, be it three months or much longer, will not be known before the third meaningful vote on the Brexit deal next week. On the other hand, New Zealand and Australian Dollar are the strongest ones. For the week, Sterling remains the strongest one. No-deal Brexit is now politically ruled out even though it's still technically possible. Euro follows as the second strongest, and then New Zealand Dollar. Yen remains the weakest one, followed by Dollar. It's now highly unlikely for US and China to seal a trade agreement this month. Trump said there will be news on the topic in three to four weeks. But it's actually getting more unlikely for a Trump-Xi summit to happen even in April. In other markets, FTSE is currently up 0.61%. DAX is up 0.93%. CAC is up 0.89%. German 10-year yield is down -0.0102 at 0.078. Earlier in the Asia, Nikkei rose 0.77%. Hong Kong HSI rose 0.56%. China Shanghai SSE rose 1.04%. Singapore Strait Times rose 0.07%. Japan 10-year JGB yield rose 0.0044 to -0.036. |
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