Overall markets are mixed for now, except the clear strength in New Zealand Dollar this week. While Aussie is also trading higher against others, it's lagging Kiwi by a mile. Dollar recovered overnight but once again lost momentum quickly. Canadian Dollar has also found some footing after yesterday's pull back. In other markets, Asia markets are mixed in tight range, after US stocks tread water. Gold is now trying to defend 1900 handle while WTI oil struggles around 65. Technically, we'll keep an eye on Canadian Dollar pairs for now. Near term support levels are still intact despite this week's pull back. The levels to watch include 1.2201 resistance in USD/CAD, 1.4815 resistance in EUR/CAD, 1.7176 resistance in GBP/CAD, and 89.34 minor support in CAD/JPY. As long as these levels hold, Canadian Dollar is still in mild favor to resume recent rally next. In Asia, at the time of writing, Nikkei is down -0.38%. Hong Kong HSI is down -0.25%. China Shanghai SSE is up 0.18%. Singapore Strait Times is up 0.39%. Japan 10-year JGB yield is down -0.001 at 0.074. Overnight, DOW rose 0.03%. S&P 500 rose 0.19%. NASDAQ rose 0.59%. 10-year yield rose 0.010 to 1.574. |
