The forex markets are pretty steady in Asian session even though others trade with a slight risk-off tone. Major pairs and crosses are stuck inside Friday's range for now. But volatility is guaranteed ahead, with Fed and BoC featured, as well as a large batch of important economic data. As for today, main focuses will be on PMIs from Eurozone and UK, indicating the states activities and inflation. Technically, Dollar is rather mixed for now. EUR/USD didn't break through 1.1284 support to indicate completion of rebound from 1.1185. USD/JPY is holding above 113.47 temporary low, without resuming the fall from 116.34. USD/CHF is also holding above 0.9090 support, without resuming the fall from 0.9372. These pairs could probably need more guidance from Fed. In Asia, at the time of writing, Nikkei is down -0.55%. Hong Kong HSI is down -1.07%. China Shanghai SSE is up 0.07%. Singapore Strait Times is down -0.16%. Japan 10-year JGB yield is up 0.0002 at 0.137. |