Overall risk sentiment is stable in Asian session today. Australian and New Zealand Dollar are trading mildly higher as recoveries extend, while Sterling is also slightly higher. On the other hand, Yen is softening together with Swiss Franc and Dollar, and that is in-line with risk trades. Euro and Canadian Dollar are mixed for now. Technically, there are some early signs of turn around in overall risk sentiment. Hence, some focuses will be on commodity currencies today. EUR/AUD's break of 1.4961 minor support raises the chance that corrective rise from 1.4318 has already completed with three waves up to 1.5277. Underlying strength of Aussie would be further affirmed if AUD/USD could break through 0.7029 support turned resistance. But of course, the fall in EUR/AUD could be accompanied by breakdown in EUR/USD through 1.0339 low, which signal Euro's weakness instead. Let's see. In Asia, at the time of writing, Nikkei is up 0.28%. Hong Kong HSI is up 2.23%. China Shanghai SSE is up 0.29%. Singapore Strait Times is up 0.39%. Japan 10-year JGB yield is up 0.0024 at 0.246. Overnight, DOW rose 0.08%. S&P 500 dropped -0.39%. NASDAQ dropped -1.20%. 10-year yield dropped -0.058 to 2.877. |