 Sterling strengthens generally today after BoE stands pat. Even though investments remained weak, the central offered some optimism in the way that spending recovered significantly. At this point, Euro is the second strongest, followed by Yen. New Zealand Dollar and Canadian are the weaker ones. For the week, however, Dollar stays as the worst performing one, which is reflected also in the powerful rally in Gold. The greenback will need some extra-ordinary lift from non-farm payrolls report tomorrow to turn the corner. Technically, GBP/USD's breach of 1.3170 suggests rally resumption for 1.3303 projection level. EUR/GBP is a pair to watch today as it main head back to 0.8930 support. Meanwhile, GBP/JPY is eyeing 139.20/73 resistance and break will resume larger rise from 123.94. AUD/NZD is challenging 1.0865/80 resistance zone again. Decisive break there will resume whole rebound from 0.9994. That might translate into stronger rise in AUD/USD. In Asia, Nikkei closed down -0.43%. Hong Kong HSI is down -0.43%. China Shanghai SSE is up 0.26%. Singapore Strait Times is up 1.07%. Japan 10-year JGB yield is up 0.0080 at 0.019. Overnight, DOW rose 1.39%. S&P 500 rose 0.64%. NASDAQ rose 0.52% to 110002.11, another record. 10-year yield rose 0.028 to 0.543. |
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