Canadian Dollar rises broadly in early US session, with the help from better than expected GDP data. Euro is also firmer on German and French GDP data. While markets are back in risk-off mode, Yen, and to a lesser extent Dollar and Swiss Franc, turn softer. As for the week, Sterling and Kiwi are currently the strongest, while Yen and Aussie are the weakest. Technically, Gold would be a focus before weekly close. Today's rise argues that rebound from 1810.07 might be resuming. Break of 1874.88 would confirm and could hint on Dollar weakness elsewhere. Though, as such rise is seen as a corrective move, upside should be limited by 61.8% retracement of 1959.16 to 1810.07 at 1902.02. In Europe, currently, FTSE is down -1.66%. DAX is down -1.19%. CAC is down -1.34%. Germany 10-year yield is up 0.0417 at -0.496. Earlier in Asia, Nikkei dropped -1.89%. Hong Kong HSI dropped -0.94%. China Shanghai SSE dropped -0.63%. Singapore Strait Times dropped -0.61%. |
