 Asian markets trade broadly lower today, extending the risk-selloff late last week. Dollar, Yen and Swiss Franc are trading higher on risk-aversion, as usual. Aussie is currently worst performer, while Kiwi and Sterling are trailing. Euro is mixed for now, but looks vulnerable too. Technically, one focus is whether EUR/USD would finally make up its mind and break through 0.9734 minor support firmly, and head back to 0.9534 low. To confirm Dollar's strength against Europeans, GBP/USD will have to break through 1.1023 minor support while USD/CHF should break through 0.9964 resistance. Or, to confirm Euro's weakness, EUR/JPY has to break through 140.77 minor support while EUR/CHF should break through 0.9641 minor support. Let's see. In Asia, Hong Kong HSI is down -3.03%. China Shanghai SSE is down -1.13%. Singapore Strait Times is down -1.12%. Japan is on holiday. |
