Markets sentiment took another dive on reports of Russia's attack on a nuclear complex in Ukraine. Euro is extending recent decline, together will steep selloff in Asian stocks. Meanwhile, Australian Dollar is solidifying upside momentum, taking New Zealand Dollar higher too. Dollar remains mixed and will look into non-farm payroll report from the US. But the data would likely be overwhelmed by any developments in Russia's invasion of Ukraine. Technically, EUR/CAD took out initial target of 61.8% projection of 1.5096 to 1.4162 from 1.4633 at 1.4056, without much hesitation. Deeper fall should be seen to 100% projection at 1.3699. EUR/AUD broke 100% projection of 1.6343 to 1.5354 from 1.6223 at 1.5143, and it's on track to 161.8% projection at 1.4476. EUR/CHF is also on the way to 100% projection of 1.0936 to 1.0298 from 1.0610 at 0.9972. Things are not looking good for the common currency. In Asia, Nikkei closed down -2.32%. Hong Kong HSI is down -2.38%. China Shanghai SSE is down -0.96%. Singapore Strait Times is down -0.14%. Japan 10-year JGB yield is down -0.0148 at 0.154. Overnight, DOW dropped -0.29%. S&P 500 dropped -0.53%. NASDAQ dropped -1.56%. 10-year yield dropped -0.021 to 1.844. |