Return of risk-appetite pushed DOW to new record overnight while Asian markets also firm up. Dollar was under some selling pressure, but it's still kept in range against except versus Swiss Franc and Canadian Dollar. Focus will turn to non-farm payroll report from today. A strong set of data would prompt more risk-on sentiments and give additional pressure to the greenback. On the other hand, commodity currencies would look into overall sentiments to help secure their positions as the best performers for the week. Technically, USD/CHF's break of 0.9079 temporary low suggests down trend resumption. USD/CAD is also extending recent decline to as low as 1.2140. Break of 1.2075 minor resistance in EUR/USD would argue that up trend is ready to resume through 1.2149 resistance. That might spillover to other Dollar pairs, in particular GBP/USD and AUD/USD. Meanwhile, Gold has already taken out 1797.71 resistance, accompanying Dollar's selloff. Focus will now turn to 1828 fibonacci level. In Asia, at the time of writing, Nikkei is up 0.19%. Hong Kong HSI is up 0.52%. China Shanghai SSE is up 0.42%. Singapore Strait Times is up 0.68%. Japan 10-year JGB yield is down -0.0001 at 0.090. Overnight, DOW rose 0.93%. S&P 500 rose 0.82%. NASDAQ rose 0.37%. 10-year yield dropped -0.023 to 1.561. |