Sterling rises broadly after BoE surprised the markets by raising interest rates and maintains a hawkish tone. Solid risk-on sentiment as well as strong job data boosts Aussie as the second strongest. Euro is not performing badly after ECB announces to end PEPP net purchases in March. Indeed, the common currency is trying to catch up with the Pound. On the other hand, Dollar is trading broadly lower despite Fed's hawkish turn yesterday. Yen is even weaker while Swiss Franc is not too far behind. Technically, near term bullishness in Sterling and Aussie is rather apparent with break of resistance levels against Dollar. We'll now see if EUR/USD would break through 1.1382 resistance to give Dollar another punch. 0.9156 support in USD/CHF is another level to watch. In Europe, at the time of writing, FTSE is up 0.95%. DAX is up 1.54%. CAC is up 1.33%. Germany 10-year yield is up 0.0469 at -0.312. Earlier in Asia, Nikkei rose 2.13%. Hong Kong HSI rose 0.23%. China Shanghai SSE rose 0.75%. Singapore Strait Times rose 0.45%. Japan 10-year JGB yield dropped -0.0048 to 0.045. |