Dollar remains firm after some Fed officials' upbeat talks about the second half but buying appears to be slowing slightly in Asian session. Gold is also setting in range for now, reflecting some hesitation to push the greenback further higher. Yen and commodity currencies turned mixed, together with the stock markets. While US stocks closed lower overnight, they're just in normal consolidations after last week's strong rally. Technically, Dollar could be now in a near term juncture. USD/CHF is pressing 0.8918 near term resistance, while USD/JPY is pressing a falling channel resistance. More importantly, 10-year yield is also pressing a near term channel resistance. Support for Dollar could wane if yield retreats from the resistance, ending its near term rebound. Let's see. In Asia, currently, Nikkei is up 0.07%. Hong Kong HSI is up 0.46%. China Shanghai SSE is up 0.80%. Singapore Strait Times is down -0.29%. Overnight, DOW dropped -0.29%. S&P 500 dropped -0.66%. NASDAQ dropped -1.25%. 10-year yield rose 0.027 to 1.132. |