Dollar traded with an undertone in Asian session together with Yen and Swiss Franc. The pull back in US stocks overnight turned out to be shallow and brief. Major indexes managed to pare back much of earlier losses to close just slightly lower. Investors seemed to be just cautious ahead of Friday's job report. Meanwhile, commodity currencies are strengthening in Asian session, while Euro and Sterling are mixed. Technically, in addition to Dollar's next move, development in Sterling is also worth a note. After two volatile weeks, both EUR/GBP and GBP/CHF are now pressing 55 day EMA (from opposite sides of course). The Pound appears to be finding it difficult to break through the EMAs decisively. Rejection from there could prompt sellers to come back and push it back towards the near term spike low. As for GBP/CHF, break of 1.0811 minor support will argue that rebound from 1.0183 has completed, and bring deeper fall back towards there. In Asia, at the time of writing, Nikkei is up 1.01%. Hong Kong HSI is down -0.17%. Singapore Strait Times is up 0.32%. Japan 10-year JGB yield is up 0.004 at 0.254. Overnight, DOW dropped -0.14%. S&P 500 dropped -0.20%. NASDAQ dropped -0.25%. 10-year yield rose 0.142 to 3.759 |