The forex markets open the week in quiet mode, which Asian stocks are mixed. Australian and New Zealand Dollars are mildly higher. Dollar, Yen and Canadian are softer. But major pairs and crosses are generally stuck inside Friday's range. The economic calendar is rather light today. Traders could probably wait for the wave of PMI data to featured on Tuesday before taking a move. Technically, Gold's rally is a point to note today as it's now heading to 1765.25 resistance. Firm break there will resume larger up trend for 61.8% projection of 1451.16 to 1765.25 from 1670.66 at 1864.76. Dollar's move in accordance will be an interesting point to watch. In particular, USD/JPY remains resilient above 106.57 temporary low so far. But break will resume fall from 109.85 to 105.98 support next. In Asia, Nikkei is currently down -0.08%. Hong Kong HSI is down 0.53%. China Shanghai SSE is up 0.30%. Singapore Strait Times is up 0.28%. Japan 10-year JGB yield is up 0.0033 at 0.016. |
No comments:
Post a Comment