 Yen is trading broadly higher today as buying rushes in after weaker than expected US economic data. Nevertheless US stocks open mildly higher while 10-year yield is also trading up. Australian Dollar is currently the second strongest for today, still feeling the support from employment data. On the other hand, Sterling is trading as the weakest one as traders seem to be making up their mind after rather uneventful BoE rate decision. Technically, GBP/USD 's break of 1.3050 should suggest that fall from 1.3514 is a near term correction that's heading back to 1.2827 support. EUR/GBP should also be rebounding further to 55 day EMA (now at 0.8594). 142.47 support in GBP/JPY will now be a focus and break will alight the outlook with other Sterling pairs. In other market, DOW is up more than 0.1% in initial trading. FTSE is up 0.22%. DAX is down -0.36%. CAC is down -0.06%. German 10-year yield is up 0.0320 at -0.218. Earlier in Asia, Nikkei dropped -0.29%. Hong Kong HSI dropped -0.30%. China Shanghai SSE rose 0.00%. Singapore Strait Times dropped -0.07%. Japan 10-year JGB yield rose 0.0094 to -0.005. | 
No comments:
Post a Comment