Dollar and Swiss Franc weaken broadly today on optimism that many countries are heading towards lockdown exit. New Zealanders will return to work on Tuesday as alert level is shifted down at midnight. Even Italy is talking about reopening factories and buildings sites from May 4. New York is already planning for phased reopening in May too. Though, some countries like UK remains very cautious. Global stocks are having mild gains for now, with DOW futures up more than 200 pts. Australia and New Zealand Dollars, two of the best in class in coronavirus containment, are the strongest ones. Yen is mixed after BoJ's stimulus expansion. Technically, development in Aussie pairs will be watch much attention. AUD/USD is heading to 0.6670 key support turned resistance with the current rebound from 0.5506. AUD/JPY's rebound is extending towards 69.95 medium term support turned resistance. EUR/AUD is also close to 1.6597 medium term resistance turned support too. Decisive break of these levels would be and early sign of medium term bullish reversal and Aussie. In Europe, currently, FTSE is up 1.52%. DAX is up 2.66%. CAC is up 1.90%. German 10-year yield is up 0.0119 at -0.459. Earlier in Asia, Nikkei rose 2.71%. Hong Kong HSI rose 1.88%. China Shanghai SSE rose 0.25%. Singapore Strait Times rose 1.24%. Japan 10-year JGB yield dropped -0.0152 to -0.037. |
No comments:
Post a Comment