Price actions in forex markets are indecisive today. Dollar is trying to rise after better than expected durable goods orders. It's also support by recovery in treasury yields. But there is no follow through buying. Canadian Dollar is still the relatively firmer one while Euro is also up slightly. Yen and Aussie are the weakest ones for today but downside is limited for both. Technically, there is prospect of a deeper retreat in Swiss Franc for the near term. EUR/CHF has been losing some downside momentum and stronger recovery might be seen. Nevertheless, outlook will stay bearish as long as 1.0214 minor resistance holds. USD/CHF is trying to defend 0.9543 near term support, which could prompt recovery back to test on 0.9731 minor resistance too. In Europe, at the time of writing, FTSE is up 0.51%. DAX is up 0.66%. CAC is down -0.21%. Germany 10-year yield is up 0.094 at 1.540. Earlier in Asia, Nikkei rose 1.43%. Hong Kong HSI rose 2.35%. China Shanghai SSE rose 0.88%. Singapore Strait Times rose 0.83%. Japan 10-year JGB yield rose 0.0035 to 0.238. |