The markets are generally quiet in Asian session today. Dollar is mildly firmer together with Canadian. Sterling and Swiss Franc are soft. But major pairs and crosses are stuck inside Friday's range. Asian stocks are mixed, with Japan on Holiday, while others tread water. Gold is consolidating in tight range too. Crude oil is the more lively one, extending near term rebound. Markets could stay quiet with a very light calendar today. But volatility is expected with some important data featured later in the week. Technically, Euro has turned weaker late last week against commodity currencies. The question is whether such weakness would spread to other pairs. Attention will be on 1.0899 minor support in EUR/USD, 0.8358 minor support in EUR/GBP, and 1.0184 minor support in EUR/CHF. Break of these levels together will signal return of Euro selloff. In Asia, at the time of writing, Hong Kong HSI is down -0.08%. China Shanghai SSE is up 0.02%. Singapore Strait Times is up 0.18%. Japan is on holiday. |