Euro rebounds notably today as Germany 10-year yield turns positive. Nevertheless, Australian Dollar is even stronger as markets await RBA rate decision. On the other hand, Dollar and Yen are paring some recent gains. Sterling and Canadian Dollar are mixed. Technically, EUR/GBP appears to be drawing support from 0.8304. Rebound from current level, followed by break of 0.8366 resistance, would bring stronger rise to 0.8421 resistance. That could be a hint on some rise in Euro elsewhere. In particular, while a break of 1.0510 resistance in EUR/CHF is not expected, stronger rise in EUR/GBP could at least pull EUR/CHF closer to this 1.0510 resistance level. In Europe, at the time of writing, FTSE is up 0.17%. DAX is up 0.61%. CAC is down -0.06%. Germany 10-year yield is up 0.063 at 0.020, turned positive. Earlier in Asia, Nikkei rose 1.07%. Hong Kong HSI rose 1.07%. China Shanghai SSE dropped -0.97%. Singapore Strait Times rose 0.10%. Japan 10-year JGB yield rose 0.0070 to 0.176. |
