Dollar recovers mildly today as markets start to digest recent broad-based losses. Gold and silver are also in retreats after initial spikes. But the movements are so far rather limited. While some consolidations might be seen, there is no sign for sustainable rebound in the greenback yet. As of now, Canadian Dollar is following Dollar, and then Euro. New Zealand Dollar is the weakest for today, followed by Yen and Swiss Franc. Technically, here are the levels to watch for indicating that stronger rebound in underway for Dollar. They are1.1640 minor support in EUR/USD, 1.2768 minor support tin GBP/USD. 0.7063 support in AUD/USD. 0.9260 minor resistance in USD/CHF and 1.3445 minor resistance in USD/CAD. In Asia, Nikkei closed down slightly by -0.26%. Hong Kong HSI is up 0.29%. China Shanghai SSE is up 0.31%. Singapore Strait Times is up 0.38%. Japan 10-year JGB yield is up 0.0035 at 0.023. Overnight, DOW rose 0.43%. S&P 500 rose 0.74%. NASDAQ rose 1.67%. 10-year yield rose 0.020 to 0.609. |
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