 Dollar's decline continues in Asian session today, with mild risk-on markets in the background. FOMC rate decision overnight triggered little reactions in the markets, and the greenback holds on to the near term trajectory. Sterling is currently the strongest one, awaiting BoE rate decision, and more news regarding Brexit trade talks. New Zealand Dollar is the next strongest today, after better than expected GDP rebound. Technically, Sterling pairs could be a focus for the rest of the week. GBP/USD is having another attempt to break through 1.3539 resistance decisive, yet, there is no conviction. Attention will also be on 140.70 resistance in GBP/JPY and break will affirm underlying upside momentum of the Pound. EUR/GBP and GBP/CHF are staying around mid-point of recently established range. We'll are anticipating a breakout for now, until something firm about Brexit trade agreement happens. In Asia, Nikkei closed up 0.18%. Hong Kong HSI is up 0.32%. China Shanghai SSE is up 0.91%. Singapore Strait Times is down -0.36%. 10-year JGB yield is down -0.0006. Overnight, DOW dropped -0.15%. S&P 500 dropped -0.18%. NASDAQ rose 0.50%. 10-year yield dropped -0.003 to 0.920. |
