Australian Dollar rides on solid risk-on sentiment and rallies broadly today. US futures point to higher open while S&P 500 would extend record run. Swiss Franc is surprisingly firm too but it's helped by selloff against Euro, together with Sterling. Dollar is currently the worst performing, together with Canadian and Yen while Euro is not too far away. Technically, we'll keep an eye on EUR/CHF as it's about time for consolidation from 1.0365 to finish. Break of 1.0365 will resume larger down trend from 1.1149 to 161.8% projection of 1.1149 to 1.0694 from 1.0936 at 1.0200 next. Such development could sign more downside in Euro elsewhere. In Europe, at the time of writing, DAX is up 0.79%. CAC is up 0.54%. UK is on holiday. Earlier in Asia, Nikkei rose 1.37%. Hong Kong HSI rose 0.24%. China Shanghai SSE rose 0.39%. Singapore Strait Times rose 0.78%. Japan 10-year JGB yield rose 0.0002 to 0.064. |