Investors turned generally cautious again after Bloomberg came back with another report that US is on ways to further scrutinize index providers' decision to add Chinese firms that could be material risks for investors. The administration believed that Americans are harmed by channeling funds into Chinese companies which pose national security threats the US, and are involved in human-right violations. The news came a day after US blacklisted 28 Chinese companies, including surveillance technology company Hikvision, for they involvements in Xijiang. Atmosphere for top level trade negotiations later this week is tensing up. For now, Sterling is the weakest one for today after EU warned UK not to play stupid blame game on Brexit negotiations. Dollar is the second weakest, followed by Canadian. New Zealand Dollar is the strongest, followed by Swiss Franc and Yen. technically, GBP/USD's break of 1.2204 suggests resumption of fall from 1.2382 towards 1.1958 low. GPB/JPY is on track to 126.54 low too. USD/JPY is back under some selling pressure after rejection by 4 hour 55 EMA. Focus is back on 106.48 temporary low. In Europe, currently, FTSE is down -0.10%. DAX is down -0.89%. CAC is down -0.76%. Germany 10-year yield is down -0.018 at -0.590. Earlier in Asia, Nikkei rose 0.99%. Hong Kong HSI rose 0.28%. China Shanghai SSE rose 0.29%. Singapore Strait Times rose 0.37%. Japan 10-year JGB yield rose 0.0255 to -0.20. |
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