 Market sentiments are generally lifted in Asia, by China's announcement to exempt some US imports from tariffs, ahead of next month's meeting. Also, while symbolic, investors also cheer China's move to remove quota for foreign institutional investors on the capital market. Yen and Swiss Franc are under selling pressure while Sterling stays weak too. On the other hand, Australian Dollar leads other commodity currencies higher. Technically, USD/JPY, EUR/JPY and GBP/JPY pick up upside momentum again today. Further rise remains in favor for the near term. AUD/USD is resuming recent rebound to 0.6910 support turned resistance. USD/CAD, with weak momentum, is also resuming fall from 1.3382 to retest 1.3016 low. EUR/GBP will remain a focus today as it's still struggling to break through 0.8891 key cluster support. In Asia, Nikkei closed up 0.96%. Hong Kong HSI is up 1.69%. China Shanghai SSE is down -0.34%. Singapore Strait Times is up 1.05%. Japan 10-year JGB yield is up 0.0236 at -0.201. Overnight, DOW rose 0.28%. S&P 500 rose 0.03%. NASDAQ dropped -0.04%> 10-year yield extends recent rebound and closed up 0.080 at 1.702. That's another factoring pressure the Yen too. |
No comments:
Post a Comment