 The forex markets turn relatively mixed today and markets lack a general direction. Risk appetite appeared to be firm earlier in Asian session but quickly faded. Major US indices open the day mildly lower. While German 10-year yield is trading up at the time of writing, US 10-year yield is trading down mildly. In the currency markets, Sterling is the strongest one for the moment but it's still staying well inside recently established range. Canadian Dollar follows as the second strongest., then Euro. Swiss Franc is the weakest one, followed by Australian Dollar. Markets will need more inspiration from the upcoming economic data in the week. Technically, 112.13 resistance in USD/JPY remains a focus for the rest of the session. Break will confirm resumption of larger rally from 104.69. EUR/JPY is still on track to test equivalent resistance at 127.50. USD/CHF is looking at 1.0040 temporary top and break will resume rebound from 0.9879. GBP/USD, EUR/GBP, GBP/JPY, USD/CAD and EUR/AUD are all bounded in familiar range. In other markets, DOW is down -0.14%. S&P 500 is down -0.11%. NASDAQ is down -0.13%. US 10-year yield is down -0.002 at 2.558, comfortably above 2.5 handle. In Europe, FTSE is down -0.14%. DAX is up 0.11%. CAC is down -0.01%. German 10-year bund yield is up 0.011 at 0.067. Earlier in Asia, Nikkei closed up 1.37%. Hong Kong HSI dropped -0.33%. China Shanghai SSE dropped -0.34%. Singapore Strait Times dropped -0.18%. Japan 10-year JGB yield rose -0.017 to -0.031. |
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