 Sentiments stabilized a lot after US President Donald Trump toned down his rhetoric on trade war with China. There appears to be some conversations going on for resolutions. But recovery in stock markets is so far refrained, as tensions could intensify again suddenly. In the currency markets, major pairs and crosses are back into Friday's range. Yen and Swiss Franc turned softer, followed by Sterling. Australian Dollar is the strongest for today so far followed by Dollar. Technically, further declines are expected in USD/JPY and EUR/JPY as long as 106.73 and 118.33 resistance levels hold. Also, with 0.6822 resistance intact, further fall is expected in AUD/USD through 0.6677 low sooner or later. USD/CAD could be a focus today to seen when 1.3345 resistance would be taken out to resume rebound from 1.3016. In US, currently, DOW future is up 0.87%. In Europe, DAX is up 0.4%. CAC is up 0.56%. FTSE is on holiday. German 10-year JGB yield is up 0.0082 at -0.664. Earlier in Asia, Nikkei dropped -2.17%. Hong Kong HSI dropped -1.91%. China Shanghai SSE dropped -1.17%. Japan 10-year JGB yield dropped -0.393 to -0.275. | 
No comments:
Post a Comment