Despite another rally attempt overnight, Dollar failed to break through near term range against others except versus Yen. The Japanese currency was licking wounds in Asian session but remains the worst performer for the week, following extended rebound in US and European benchmark yields. Canadian is the next weakest followed by Sterling. On the other hand, Euro is the currently strongest one, followed by Swiss Franc and then Aussie. The greenback is mixed for now. Technically, Bitcoin broke through 24245 resistance to resume the whole rebound from 15452. Notably support was seen above 55 day EMA during prior pull back, which is a bullish signal. Immediate focus is now on 25198 resistance. Firm break there will be another bullish sign and should pave the way to 61.8% projection of 15452 to 24256 from 21357 at 26791. The move could be followed by break of 12269 resistance in NASDAQ to resume the rise from 10069. Such risk-on sentiment could continue to cap Dollar's rally. In Asia, at the time of writing, Nikkei is up 0.77%. Hong Kong HSI is up 2.29%. China Shanghai SSE is up 0.84%. Singapore Strait Times is up 1.20%. Japan 10-year JGB yield is down -0.0001 at 0.506. Overnight, Dow rose 0.11%. S&P 500 rose 0.28%. NASDAQ rose 0.92%. 10-year yield rose 0.048 to 3.809. |