Dollar's selloff picked up again as year end approaches. While US stocks took a breath overnight, Asia markets ex-Japan is enjoying some solid buying for now. While Euro is strong against Dollar, it's mixed against other European majors. Meanwhile, Canadian Dollar is clearly lagging behind Aussie and Kiwi in the current risk-on buying. Gold and oil remain range bound too. Technically, EUR/USD's break of 1.2272 resistance confirms up trend resumption. AUD/USD is not far behind in breaking 0.7639 resistance. One focus is on when USD/CHF would break through 0.8822 support to resumes down trend too. Another focus in the developments in USD/JPY, which suggests that near term recovery from 102.87 has completed. We might see a test on this low again soon...maybe next year. In Asia, currently, Nikkei is down -0.57%. Hong Kong HSI is up 1.47%. China Shanghai SSE is up 0.80%. Singapore Strait Times is up 0.45%. Japan 10-year JGB yield is down -0.0032 at 0.023. Overnight, DOW dropped -0.22%. S&P 500 dropped -0.22%. NASDAQ dropped -0.38%. 10-year yield rose 0.002 to 0.935. |