Trading continues to be subdued in Asia as markets are in holiday mood. Yen is trading mildly higher overall, but remains the worst performing one for the week. Dollar's selloff slowed somewhat, but remains the second worst for the week. Commodity currencies are set to close the week as strongest, led by New Zealand Dollar. Technically, while Gold is still holding on to 1800 handle, a break through is just a matter of time. Price actions from 1800.35 are clearly. Break of 1800.35 will resume the larger fall from 2075.18, to 55 week EMA (now at 1749.72). In any case, outlook will stay bearish as long as 1850.50 support turned resistance holds. In Asia, currently, Nikkei is down -0.11%. Hong Kong HSI is down -0.18%. China Shanghai SSE is up 0.50%. Singapore Strait Times is down -0.24%. |