Selling of Swiss Franc is somewhat the biggest theme in a very quiet day so far, with UK on holiday. On the other hand, some buying is picking up in Canadian Dollar. But overall, markets are mixed without a clear direction yet. Main focus will firstly be on whether US stocks could extend last week's record runs. Also, eyes are on whether Dollar would extend the post-Powell decline. It may take a bit more time to unveil the trend. Technically, as noted before, we'd look at 1.1804 resistance in EUR/USD, 1.3785 resistance in GBP/USD, 0.9098 support in USD/CHF, 109.10 support in USD/JPY and 1.2577 support in USD/CAD. Break of these level would affirm Dollar's underlying weakness. Also, Gold's reaction to 1832.47 resistance would also double confirm Dollar's move. In Europe, at the time of writing, FTSE is up 0.32%. DAX is up 0.18%. CAC is up 0.21%. Germany 10-year yield is up 0.0125 at -0.408. Earlier in Asia, Nikkei rose 0.54%. Hong Kong HSI rose 0.52%. China Shanghai SSE rose 0.17%. Singapore Strait Times rose 0.69%. Japan 10-year JGB yield dropped -0.0048 to 0.020. |
