 The financial markets are generally steady today, with stock and bond markets bounded in tight range. Most major currency pairs and crosses are also staying inside yesterday's range. Swiss Franc is currently the firmer one, followed by Sterling is mildly firmer on solid employment data, but upside is capped. Meanwhile, New Zealand Dollar leads Australian lower, followed by Euro. The common currency is awaiting ECB rate decisions later this week, where new round of stimulus is widely expected. Technically, Yen crosses start to lose upside momentum but there is no clear sign of topping yet. As noted before, we're treating current rebound in USD/JPY, EUR/JPY and GBP/JPY as corrective. Thus, we'd continue to watch for topping signal ahead. Both Australian and Canadian Dollars are also losing some upside momentum. But further rise remains in favor in AUD/USD as long as 0.6807 minor support holds. Also, further decline is expected in USD/CAD as long as 1.3247 minor resistance holds. In Europe, currently, FTSE is down -0.16%. DAX is up 0.28%. CAC is down -0.09%. German 10-year yield is up 0.0163 at -0.568. Earlier in Asia, Nikkei rose 0.35%. Hong Kong HSI rose 0.01%. China Shanghai SSE dropped -0.12%. Singapore Strait Times rose 0.30%. Japan 10-year JGB yield rose 0.0308 to -0.225. |
No comments:
Post a Comment