 The currency markets are generally quiet, without committed directions. Dollar is recovering broadly, ahead of near term support against European majors. Commodity currencies are softening while Yen is mixed. Some focuses be on US mid-term elections, as well as a Bundesbank symposium. But overall trading activities might remain subdued until US CPI release on Thursday. Technically, for now, Dollar-Europeans are staying in range. That is, EUR/USD is trading inside 0.9729/1.0092, GBP/USD inside 1.1145/1.1644, USD/CHF 0.9840/1.0146. Any movements inside these ranges are seen as near term volatility only. Concurrent breakouts in these pairs are needed to confirm the next direction of the greenback. In Asia, at the time of writing, Nikkei is up 1.31%. Hong Kong HSI is down -0.70%. China Shanghai SSE is down -0.69%. Singapore Strait Times is up 0.21%. Japan 10-year JGB yield is down -0.0078% 0.251. Overnight, DOW rose 1.31%. S&P 500 rose 0.96%. NASDAQ rose 0.85%. 10-year yield rose 0.058 to 4.214. |
