 The markets are relatively mixed so far. Dollar's rally attempt was brought to a halt overnight while Euro and Swiss Franc recovered. Commodity currencies also recovered, as led by Aussie, with support from better than expected GDP data. Yet, major pairs and crosses are kept in tight range. In other markets, Asian stocks rises broadly in range, following selloff in the US overnight. Gold recovered but lacks follow through buying. WTI crude oil weakened but holds on to near term support level. Overall, the movements are rather consolidative. Technically, a focus now is whether Dollar's selloff will gather momentum again. Levels to watch include 1.2100 minor resistance in EUR/USD, 1.3998 minor resistance in GBP/USD, 0.7844 minor resistance in AUD/USD and 1.2586 minor support in USD/CAD. Additional, break of 1759.72 minor resistance in Gold would also be a sign of return of Dollar weakness. In Asia, Nikkei closed up 0.51%. Hong Kong HSI is up 2.01%. China Shanghai SSE is up 1.66%. Singapore Strait Times is up 0.48%. Japan 10-year JGB yield is down -0.0106 at 0.120. Overnight, DOW dropped -0.46%. S&P 500 dropped -0.81%. NASDAQ dropped -1.69%. 10-year yield dropped -0.031 to 1.415. |
