The markets are relatively quiet in Asian session today. Major Asian indexes are mixed despite steep selloff last Friday. Currencies are bounded inside tight range, with Swiss Franc and Yen consolidation some of recent gains. Aussie and other commodity currencies also recover mildly. Gold and oil prices are also staying in tight range. Nonetheless, big selloff was seen in cryptocurrencies during the weekend. Technically, we're still paying attention to EUR/USD. For now downside breakout through 1.1185 support is in favor. But considering bullish convergence condition in 4 hour MACD, break of 1.1382 resistance should confirm short term bottoming and bring stronger rebound. In that case, we might see USD/CHF breaking through 0.9156 minor support to confirm weakness in Dollar. In Asia, Nikkei closed down -0.26%. Hong Kong HSI is down -1.23%. China Shanghai SSE is up 0.13%. Singapore Strait Times is up 0.88%. Japan10-year JGB yield is down -0.0122 at 0.045. |