Euro rises slightly as market sentiments are flip-flopping today. Sterling and Swiss Franc are also trading higher. On the other hand, commodity currencies turn soft with Aussie paring most of recent gains. Dollar and Yen are mixed for now. IN other markets, Silver is trading firmer but Gold is still range bound. WTI crude oil is recovering while cryto-currencies turn south. Stocks are mixed with US futures pointing to a flat open. Technically, the condition is there for WTI crude oil to stage a sustainable rebound considering bullish convergence condition in 4 hour MACD. Yet, it will have to overcome 4 hour 55 EMA (now at 93.81) first. Then ideally, there should be some up side acceleration through 98.04 resistance. Otherwise, chances are for another dip through 88.20 low before WTI forms a solid bottom. In Asia, at the time of writing, FTSE is up 0.09%. DAX is down -0.96%. CAC is down -0.34%. Germany 10-year yield is up 0.051 at 0.949. Earlier in Asia, Nikkei dropped -0.88%. Hong Kong HSI dropped -0.21%. China Shanghai SSE rose 0.32%. Singapore Strait Times dropped -0.36%. Japan 10-year JGB yield dropped -0.0111 at 0.167. |