 Accelerating rally in iron ore prices pushes Australian broadly higher today, on the back of steadily firm risk sentiment. The Aussie is currently the strongest one for the week, followed by New Zealand Dollar, while Canadian is not far away, with help from oil prices. Sterling remains the worst one, on the "strong possibility" of no-deal Brexit and that somewhat helps support the Swiss Franc too. Dollar is currently the second weakest for the week, with rebound in jobless claims and deadlock in fresh fiscal stimulus. Technically, Euro would be an interesting one as the post ECB rally lacked follow through momentum. EUR/USD has yet to break through 1.2177 temporary top. EUR/JPY and EUR/GBP are also held below 0.9142 and 126.68 resistance. EUR/CAD looks vulnerable after the brief break of 1.5447 support, and more decline is likely for 1.5313 low. EUR/AUD is also heading back to 1.6033 low after breaking 1.6122 support. Firm break of 1.6033 will resume whole fall from 1.9799. In Asia, currently, Nikkei is down -0.41%. Hong Kong HSI is up 0.45%. China Shanghai SSE is down -0.67%. Singapore Strait Times is up 0.39%. Japan 10-year JGB yield is down -0.0018 at 0.014. Overnight, DOW dropped -0.23%. S&P 500 dropped -0.13%. NASDAQ rose 0.54%. 10-year yield dropped -0.033 to 0.908. |
