Yen and Swiss Franc weakened notably as imminent US-Iran war receded. Canadian Dollar also turned slightly softer as oil prices reversed this week's gains. Dollar is currently trying to ride on the development to extend recent rebound. But the real will probably lie in tomorrow's non-farm payroll report. For the week so far, Sterling is the strongest one, followed by Dollar. Australian Dollar is the weakest, followed by Yen and then Euro. Technically, WTI's break of 50.46 support should confirm short term topping at 65.38, inside 63.04/66.49 resistance zone. Sustained break of 55 day EMA (now at 58.80) should also confirm completion of whole rise 50.86 and pave the way back to this key level to extend medium term range trading. Gold should also formed a short term top at 1611.37, ahead of 1625 projection level. Some consolidations should be seen with risk on the downside for the near term. In Asia, Nikkei is currently up 2.32%. Hong Kong HSI is up 1.18%. China Shanghai SSE is up 0.66%. Singapore Strait Times is up 0.27%. Japan 10-year JGB yield is up 0.0085 at 0.001, turned positive. Overnight, DOW rose 0.56%. S&P 500 rose 0.49%. NASDAQ rose 0.67%. 10-year yield rose 0.047 to 1.874. |
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