Dollar and Yen are both trading as the weakest ones for the week for now. FOMC minutes released overnight gave little support to the greenback, nor that ADP job number and ISM manufacturing. Focus is turning to non-farm payrolls report to be released today. Sterling's roller coaster ride continues and it's now the strongest one for the week, followed by Kiwi and Aussie. Technically, Sterling could steal the show from Dollar today. GBP/JPY's break of 133.98 minor resistance suggests short term bottoming at 131.68 and hints on further rebound. EUR/GBP is eying 0.9001 support and break will indicate near term bearish reversal for 0.8864 support and below. GBP/USD is also eyeing 1.2542 resistance and break will indicate completion of recent correction and target 1.2813 resistance again. In Asia, Nikkei closed up 0.11%. Hong Kong is up 1.85%. China Shanghai SSE is up 1.85%. Singapore Strait Times is up 0.33%. Japan 10-year JGB yield is down -0.010 at 0.041. Overnight, DOW dropped -0.30%. S&P 500 rose 0.50%. NASDAQ rose 0.95%. 10-year yield rose 0.029 to 0.682. |
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