The markets remain generally quiet today, awaiting FOMC rate decision. Sterling regains much of the ground lost earlier in the week. Canadian Dollar is also firm, in particular against other commodity currencies. On the other hand, Swiss Franc is paring some of yesterday's gains, while Aussie and Kiwi turn week. Dollar and Euro mixed for the moment. Stocks are bounded in very tight range. Though, US 10-year yield appears to be a bit impatient, trading up 0.05 above 1.66 at the time of writing. Technically, Dollar pairs are the major focuses for the rest of the session. Ranges to pay attention to are 1.1834-1.1989 in EUR/USD, 1.3777-1.4016 in GBP/USD, 0.7620-0.7837 in AUD/USD, 0.9233-0.9323 in USD/CHF and 108.33-109.35 in USD/JPY. Some synchronized breakouts in these pairs are needed to confirm Dollar's movement. in Europe, currently, FTSE is down -0.49%. DAX is down -0.02%. CAC is down -0.12%. Germany 10-year yield is up 0.038 at -0.295, back above -0.3 handle. Earlier in Asia, Nikkei dropped -0.02%. Hong Kong HSI rose 0.02%. China Shanghai SSE dropped -0.01%. Singapore Strait Times rose 0.13%. Essentially, all major Asian indices ended flat. Japan 10-year JGB yield dropped -0.0058 to 0.93. |
