Dollar's retreat continues in Asian session, but it remains one of the strongest for the week, just next to Sterling. On the other hand, while Euro is recovering, it's still the worst performing one followed by Aussie. Overall, the markets are staying in a near term consolidative phase with mixed performance in stocks and yield, while gold and silver are range bound. As week end approaches, we'll see if NASDAQ could ride on yesterday's buying pace to make new record, and set the risk sentiment tone for next week. Technically, Euro continues to pare back recent losses against other major currencies. We'll keep an eye on 1.1384 minor resistance in EUR/USD and 130.58 minor resistance in EUR/JPY. Break of these levels could trigger some short covering ahead of the weekend and lift Euro generally higher. On the other hand, intensified selling in EUR/CHF through 1.0505 key support could hammer Euro down elsewhere too. In Asia, at the time of writing, Nikkei is up 0.41%. Hong Kong HSI is down -1.71%. China Shanghai SSE is up 0.43%. Singapore Strait Times is down -0.13%. Japan 10-year JGB yield is down -0.0030 at 0.081. Overnight, DOW dropped -0.17%. S&P 500 rose 0.34%. NASDAQ rose 0.45%. 10-year yield dropped -0.015 to 1.589. |
