Australian Dollar rises broadly after a hawkish twist in RBA statement, which hints at earlier rate hike. New Zealand Dollar is following closely as second strongest for now. On the other hand, Dollar and Euro are under some selling pressure. Yen and Swiss Franc are mixed, awaiting more guidance from overall risk sentiment. Technically, focus will remain on Euro as the selling has somewhat picked up. We'd reiterate that break of 1.0943 support in EUR/USD, and 0.8394 support in EUR/GBP will indicate completion of near term rebound. The development will also revive bearishness for resuming larger down trend through 1.0805 and 0.8201 at a later stage. We'll see. In Asia, Nikkei closed up 0.19%. Hong Kong HSI is up 2.10%. China Shanghai is still on holiday. Singapore Strait Times is up 0.45%. Japan 10-year JGB yield is up 0.0039 at 0.220. Overnight, DOW rose 0.30%. S&P 500 rose 0.81%. NASDAQ rose 1.90%. 10-year yield rose 0.035 to 2.412. |