Overall, the financial markets are steady in Asian session today. Russian invasion of Ukraine continues after the talks between two leaders yielded no breakthrough. Ukraine is holding on defending while isolation of Russia from the West intensified. In the currency markets, commodity currencies are attempting to break out from range. Aussie stays firm after non-eventful RBA while Loonie is awaiting tomorrow's BoC hike. Euro and Sterling remain the weakest ones, and look vulnerable. Dollar turned softer with falling treasury yields. But Yen and Swiss Franc are holding on to gains. Technically, a focus today is on whether selloff in Euro and Sterling against commodity currencies would pick up momentum. EUR/AUD is going to take on 1.5250/5354 medium term support zone soon and break will resume later down trend. EUR/CAD is also heading back to 1.4098 low. Meanwhile, GBP/CAD and GBP/AUD are both heading back to 1.6964 and 1.8123 supports respectively. Firm break of these levels will solidify near term bearishness. In Asia, at the time of writing, Nikkei is up 1.48%. Hong Kong HSI is down -0.37%. China Shanghai SSE is up 0.22%. Singapore Strait Times is up 0.88%. Japan 10-year JGB yield is down -0.006 at 0.179. Overnight, DOW dropped -0.49%. S&P 500 dropped -0.24%. NASDAQ rose 0.41%. 10-year yield dropped 0.147 to 1.839. |