Yen rebounds strongly in early US session on talks that China is pessimistic on US trade deal. But still, at this point, Sterling remains the strongest one for today as lifted by hope of a Conservative win in the upcoming election in December. For now, Euro is also firm after central bank officials talked down chance of recession. On the other hand, commodity currencies are the weakest, as led by Australian Dollar. Technically, GBP/JPY breached 141.50 support but couldn't sustain above yet. Decisive break of 141.50 will confirm resumption of whole rise from 126.54. GBP/USD is still heading to 1.3012 resistance and break will also confirm rise resumption. EUR/USD is still held below 1.1073 support turned resistance and near term outlook stays bearish for another fall through 1.0989 temporary low. In Europe, FTSE is up 0.34%. DAX is down -0.17%. CAC is down -0.13%. German 10-year yield is up -0.0067 at -0.338. Earlier in Asia, Nikkei rose 0.49%. Hong Kong HSI rose 1.35%. China Shanghai SSE rose 0.62%. Singapore Strait Times rose 0.61%. Japan 10-year JGB yield dropped -0.0151 to -0.085. |
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