 Yen rises generally today, together with Swiss Franc, in rather subdued consolidative markets. Stocks are trading mildly lower but there is hardly any following selloff for now. Much volatility is seen in Gold and Silver, while retreat notably after initial spike. But both are contained above near term support level so far. Back in the currency markets, commodity currencies are trading lower together with Euro, with New Zealand Dollar leading the way. Dollar is mixed, awaiting tomorrow's FOMC rate decision and press conference. Technically, current retreats in gold and silver are viewed as near term consolidations only. Though, break of 1899.51 support in gold and 22.24 support in silver will suggest deeper correction is underway. AUD/NZD is a pair to watch with Australian CPI featured in the upcoming Asian session. The rebound from 1.0565 looks resume today resume after drawing support form 4 hour 55 EMA. Break of 1.0754 resistance will target a test on 1.0880 high. In Europe, currently, FTSE is down -0.05%. DAX is down -0.37%. CAC is down -0.76%. German 10-year yield is down -0.0121 at -0.502. Earlier in Asia, Nikkei dropped -0.26%. Hong Kong HSI rose 0.69%. China Shanghai SSE rose 0.71%. Singapore Strait Times rose 0.28%. Japan 10-year JGB yield rose 0.0053 to 0.026. |
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