 Dollar and Yen dropped sharply overnight on strong risk-on market, as NASDAQ finally caught up and made new record high. The greenback is additionally pressured by the delayed buying in Euro after ECB post-meeting press conference. For now, Canadian Dollar is the third weakest, following the retreat in oil price. On the other hand, Aussie is the strongest one for the week on speculation that RBA would pull ahead rate hikes, while Swiss Franc and Kiwi follow. Technically, we're not too convinced by Euro's buying yet, even though EUR/USD did resumed near term rebound. There is no sign in bottoming in EUR/CHF as recent fall from 1.0936 is extending. EUR/AUD is kept below 1.5598 minor resistance. Nevertheless, EUR/GBP is now pressing 0.8467 minor resistance while EUR/CAD is pressing 1.4439. Break of these two levels could sign that Euro's rebound is more broad based. But, we'll see. In Asia, Nikkei closed up 0.03%. Hong Kong HSI is down -0.52%. China Shanghai SSE is up 0.64%. Singapore Strait Times is up 0.52%. Japan 10-year JGB yield is up 0.0072 at 0.095. Overnight, DOW rose 0.68%. S&P 500 rose 0.98%. NASDAQ rose 1.39% to new record at 15448.11. 10-year yield rose 0.039 to 1.568. |
