 Dollar, Euro and Sterling are trading as the stronger ones today while commodity currencies are generally weaker. Dollar somewhat shrugs offer weaker treasury yields as markets await the next move in US-China trade war. Euro is underpinned by possible political resolution in Italy. Meanwhile, Sterling is lifted as UK lawmakers are moving to avert no-deal Brexit. Meanwhile, weaker sentiments generally weigh on Australian and New Zealand Dollars. Technically, there is no clear change in outlook for now as market remains generally consolidative. Despite today's weakness, AUD and CAD are staying in range against the greenback and more sideway trading could be seen. Break of 0.6677 in AUD/USD is needed to indicate decline resumption. Similarly, break of 1.3345 resistance is needed to indicate rally resumption. Also, USD/JPY, EUR/JPY and GBP/JPY are staying in consolidations, which might extend further. In Asia, Nikkei is currently up 0.21%. Hong Kong HSI is up 0.09%. China Shanghai SSE is down -0.23%. Singapore Strait Times is down -0.01%. Japan 10-year JGB yield is down -0.0034 at -0.27. Overnight, DOW dropped -0.47%. S&P 500 dropped -0.32%. NASDAQ dropped -0.34%. 10-year yield dropped -0.055 to 1.490. 30-year yield dropped -0.071 to 1.969. |
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