Dollar stays firm in rather quiet pre-weekend trading today. EUR/USD's break of 1.0926 support is a clear sign of greenback's strength. Yet, we'd still prefer to seen more buying in other Dollar pairs to confirm. For the week, European majors are generally the weakest as led by Sterling. Dollar and commodity currencies are mixed. Technically, as long as 1.0967 minor resistance holds, EUR/USD is extending medium term down trend to 1.0813 fibonacci level next. EUR/JPY is pressing 117.55 minor support. Break will confirm completion of rebound from 115.86 low and bring retest of this low. EUR/AUD is now eyeing 1.6128 minor support. Break will indicate completion of rebound from 1.5905 and bring retest of this support. GBP/JPY is also eyeing 132.17 minor support and break will bring retest of 126.54 low. In Asia, Nikkei is down -1.24%. Hong Kong HSI is down -0.27%. China Shanghai SSE is up 0.05%. Singapore Strait Times is down -0.27%. Japan 10-year JGB yield is up 0.009 at -0.238. Overnight, DOW dropped -0.30%. S&P 500 dropped -0.24%. NASDAQ dropped -0.58%. 10-year yield dropped -0.047 to 1.685. |
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