Risk appetite continues in Asian session, with help from positive data from China. China's economy appears to be on track for recovery even though the road would remain bumpy. In the currency markets, New Zealand Dollar is leading Australian Dollar higher, followed by Euro. Dollar, Yen, Swiss Franc continue to be the weakest ones on current market sentiments. Technically, AUD/NZD is pressing 1.0865 near term resistance but struggles to break through clearly so far. Reaction to this resistance level will decide which of Aussie or Kiwi would lead the next risk rally move. Meanwhile, EUR/GBP is also pressing 0.8880 support now and break will suggest completion of near term rebound from 0.8670. This development would also decide who'd be the stronger European major in the next move. In Asia, Nikkei closed up 1.29%. Hong Kong HSI is up 1.34%. China Shanghai SSE is up 0.21%. Singapore Strait Times is up 2.12%. Japan 10-year JGB yield is up 0.0038%. Overnight, DOW rose 1.05%. S&P 500 rose 0.82%. NASDAQ rose 0.59%. 10-year yield rose 0.0018 to 0.680. |
No comments:
Post a Comment