 Dollar and Yen rise following slightly negative risk sentiment. Major Asian indexes are generally lower, following the mild pull back in US overnight. Australian Dollar is leading commodity currencies lower. European majors are mixed with Euro trading a bit firmer than the others. Focuses will firstly turn to UK employment data and US PPI today. But there are main events of five central bank meetings ahead, starting with Fed tomorrow. Technically, NZD/USD is making downside progress and is now eyeing 0.6735 minor support. Break there will resume the fall from 0.7217, as well as larger pattern from 0.7463 high. At the same time, we'll also monitor USD/CAD and AUD?USD. Break of 1.2852 resistance in USD/CAD will resume the rise from 1.2286. AUD/USD is still far away from 0.6992 low, but break there will resume larger fall from 0.8006. These developments, if happen together, could signal a turn in overall market sentiments. In Asia, at the time of writing, Nikkei is down -0.80%. Hong Kong HSI is down -1.26%. China Shanghai SSE is down -0.31%. Singapore Strait Times is up 0.12%. Japan 10-year JGB yield is down -0.0010 at 0.049. Overnight, DOW dropped -0.89%. S&P 500 dropped -0.91%. NASDAQ dropped -1.39%. 10-year yield dropped -.065 to 1.424. |
