Overall markets are mixed today, as Dollar is digesting some of last week's gains, awaiting more guidance from FOMC members regarding tapering. New Zealand and Canadian Dollar are the stronger ones for now. But Australian Dollar is among the weakest together with Euro and Swiss France. Yen and Sterling is slightly firmer. Gold and silver recovered after initial selloff, but stays below last week's low. Technically, recovery in EUR/CHF is helping EUR/USD stabilizing around 1.1751 low. But EUR/CHF would face near term resistance at 1.0802, which should hold to resume recent fall. The decline in EUR/USD could take up momentum again when EUR/CHF's recovery finishes. However, break of 1.0802 in EUR/CHF could prompt stronger rebound in itself, as well as in EUR/USD too. In Europe, at the time of writing, FTSE is down -0.12%. DAX is down -0.06%. CAC is up 0.01%. Germany 10-year yield is down -0.0147 at -0.467. Earlier in Asia, Hong Kong HSI rose 0.40%. China Shanghai rose 1.05%. Japan and Singapore were on holiday. |