Euro drops broadly today on some dovish comments from ECB officials. Also, it's believed that surge in oil prices could hurt Eurozone's balance of payment. Sterling stays weak as meeting between Prime Minster Boris Johnson and EU Jean-Claude Juncker ended without any noticeable progress. Generally weaker sentiments also keep Australian Dollar soft. On the other hand, Canadian Dollar remains the strongest one as oil prices surged after attack on Saudi Arabia's production facilities. Yen is the second strongest on mild risk aversion, followed by Dollar. Technically, EUR/USD was rejected by near term falling channel resistance and focus could be back to 1.0926 low. Though, as long as this support holds, near term consolidations could still expected. Recovery in USD/CHF also puts focus back to 0.9946 temporary top. Break will resume the choppy rebound from 0.9569. USD/CAD recovered after initial dip today. With 1.3177 minor support intact, rebound from 1.3133 is still in favor to extend to 1.3382 resistance. In Europe, FTSE is down -0.26%. DAX is down -0.55%. CAC is down -0.63%. German 10-year yield is down -0.0253 at -0.471, but staying comfortably above -0.5. Earlier in Asia, Japan was on holiday. Hong Kong HSI dropped -0.83%. China Shanghai SSE dropped -0.02%. Singapore Strait Times dropped -0.24%. |
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