 Yen and Swiss Franc turn mildly softer today as risk aversions receded. Asian stocks recover generally even though upside is limited. Traders remain cautious on coronavirus outbreak in China, which has already spread to the US. Sterling, Euro and Dollar are currently the stronger ones. Canadian Dollar is mixed, awaiting BoC rate decision and Canadian CPI. Technically, AUD/USD seems to be building up downside momentum after taking out 0.6849 support. Corrective rebound from 0.6670 should have completed with three waves up to 0.7031. Deeper fall should be seen to 0.6754 support for confirmation. EUR/USD's recovery was weak overnight. Focus is immediately back on 1.1066/76 support zone. Firm break there will add to the case that corrective rebound from 1.0879 has completed with three waves up to 1.1239. Deeper fall should then be seen to 1.0981 support for confirmation. In Asia, Nikkei closed up 0.70%. Hong Kong HSI is up 1.22%. China Shanghai SSE closed up 0.28%. Singapore Strait Times is up 0.25%. Japan 10-year JGB yield is up 0.0032 at -0.003. Overnight, DOW dropped -0.52%. S&P 500 dropped -0.27%. NASDAQ dropped -0.19%. 10-year yield dropped -0.067 to 1.769. | 
No comments:
Post a Comment