Dollar and Yen trade mildly higher in Asian session as markets turned into mild risk avers mode. Sterling remains the weakest one on concern of another Brexit cliff-edge at the end of transition period. The Pound will face another test from UK inflation data today, before heading to BoE rate decision tomorrow. New Zealand Dollar is currently the second weakest, followed by Euro. Swiss Franc has been attempting to extend recent rise but lacks follow through buying so far. The Franc could be another one to watch for today. Technically, there is no change in GBP/USD's and GBP/JPY's bullish outlook, with 1.3050 support and 142.47 support intact. EUR/GBP breached 0.8508 minor resistance but couldn't sustain above there yet, keeping near term outlook bearish. We'll keep an eye on EUR/GBP as early signal of more selloff in Sterling. Recoveries in EUR/USD and EUR/JPY lost momentum ahead of 1.1199 and 122.65 respectively. Another fall would be seen in both pairs before near term consolidations complete. In Asia, Nikkei closed down -0.55%. Hong Kong HSI is down -0.16%. China Shanghai SSE is down -0.17%. Singapore Strait Times is up 0.29%. Japan 10-year JGB yield is down -0.0029 at -0.016. Overnight, DOW rose 0.11%. S&P 500 rose 0.03%. NASDAQ rose 0.10%. 10-year yield dropped -0.003 to 1.889. |
No comments:
Post a Comment