The forex markets are rather steady in quiet Asian session today. Dollar is paring some gains while Euro and Yen are soft too. Sterling is leading the way higher, followed by commodity currencies. But overall, almost all major pairs and crosses are bounded inside Friday's range. The economic calendar is also rather light today. Traders might hold their bets for now, until the released of a batch of consumer inflation data from some major global economies. Technically, AUD/USD and USD/CAD appear to have stabilized well ahead of 0.6169 and 1.3976 respectively. It's a sign that Dollar is losing momentum again, despite persistent strength against Yen. Some attention is now on whether the greenback's pull back will return, in particular against Sterling. Break of 1.1494 resistance will resume GBP/USD's rebound from 1.0351, and lead EUR/USD higher too. In Asia, at the time of writing, Nikkei is down -1.37%. Hong Kong HSI is down -1.13%. China Shanghai SSE is down -0.10%. Singapore Strait Times is down -1.15%. Japan 10-year JGB yield is down -0.0035 at 0.250. |