 Markets are generally quiet in a typical Monday. Sterling is trading generally lower. Prime Minister Boris Johnson's push for general election ahead of Brexit deadline will likely be voted down today. But it's reported that he's planning to block the parliament's attempts at enforcing Brexit extension. At this point, Swiss Franc is the second weakest followed by Canadian Dollar. Australian Dollar is the strongest one, followed by Yen, suggesting rather calm risk sentiments. Technically, further rises are in favor Yen crosses in general. But rebounds since last week are generally seen as corrective. Thus, we'd look for sign of loss of momentum ahead. Similarly, EUR/USD, GBP/USD and AUD/USD could extend current rebound. But such rises are also seen as corrective, as Dollar is pulling back. Hence, we'd also look for loss of momentum ahead. In Asia, Nikkei rose 0.57%. Hong Kong HSI is down -0.04%. China Shanghai SSE rose 0.62%. Singapore Strait Times is up 0.10%. Japan 10-year JGB yield is down -0.0113 at -0.256. |
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