Consolidations continue generally in the forex markets today, with the exception of notable strength in Canadian Dollar. The Loonie is so far the strongest one follow the week as helped by rebound in oil price. Dollar is currently following as second strongest but there is no committed follow through buying yet. On the other hand, Sterling is trading as the weakest one, taking other European majors lower. Technically, there is still no convincing sign of Dollar rally yet. USD/CHF does finally break 0.9905 minor resistance firmly, and should be heading back to 1.0027. However, AUD/USD recovers after brief breach of 0.6810 minor support. EUR/USD is also held well above 1.1062 minor support. USD/JPY is held inside tight range below 108.93 temporary top. Traders may only make a decision next week. In Asia, Nikkei closed up 0.22%. Hong Kong HSI is down -0.26%. China Shanghai SSE is up 0.42%. Singapore Strait Times is up 0.50%. Japan 10-year JGB yield is up 0.0063 at -0.140. Overnight, DOW dropped -0.11%. S&P 500 rose 0.19%. NASDAQ rose 0.81%. 10-year yield rose 0.007 to 1.766. |
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