Yen and Dollar trade mildly lower in Asian session today. Hong Kong stocks lead Asian markets higher, as the landslide pro-democracy victory in Sunday's election would give China more pressure to end the city's unrest. Meanwhile, New Zealand and Australian Dollars are trading higher on easing risk aversion. Sterling is also lifted by Prime Minister Boris Johnson's pledged to get Brexit done. Though, technically, there is no change in overall outlook despite the moves. EUR/USD is on track to take on 1.0989 support. Break will resume fall from 1.1175 to retest 1.0879 low. AUD/USD is extending near term consolidation from 0.6769 but held well below 0.6841 resistance. Further decline is still expected through 0.6769 to 0.6670 low at a later stage. GBP/JPY recovers after hitting 139.36 minor support, but remains vulnerable. Firm break of 139.36 will extend the near term correction towards 135.74 resistance turned support. In Asia, currently, Nikkei is up 0.66%. Hong Kong HSI is up 1.76%. China Shanghai SSE is up 0.35%. Singapore Strait Times is up 0.30%. Japan 10-year JGB yield is down -0.0072 at -0.087. |
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