 Dollar rises broadly in early US session with help from rebound in treasury yields. 10-year yield is now trying to regain 2.4 handle. Poor Q4 GDP is ignored while traders could be hopeful on some progress in US-China trade talks in Beijing. The development drags down the Japanese to one of the weakest. Nevertheless, Sterling is the worst performing one on Brexit impasse. There will be another debate in the parliament tomorrow. But there is no sign of finally approving the deal to push the Brexit date from April 12 to May 22. Euro is also among the weakest after poor Eurozone sentiments indicators and Germany CPI miss. Technically, with today's decline, EUR/USD is heading to 1.1176 key support and break will resume medium term down trend. USD/JPY's rebound now turn focus to 110.95 minor resistance and bring will bring stronger rise back to 112.13 resistance. EUR/JPY breached 123.82 temporary low but there is no follow through selling yet. Though, more downside is mildly in favor in EUR/JPY. In Europe, FTSE is currently up 0.90%. DAX is up 0.48%. CAC is up 0.34%. German 10-year yield is up 0.0131 at -0.065. Earlier in Asia, Nikkei dropped -1.61%. Hong Kong HSI rose 0.16%. China Shanghai SSE dropped -0.92%, lost 3000 handle. Singapore Strait Times rose 0.16%. Japan 10-year JGB yield dropped -0.0263 to -0.092, heading towards -0.1 handle. | 
No comments:
Post a Comment