Overall, the markets are pretty quiet as focuses turns to Fed's rate hike and guidance today. Dollar is consolidating in tight range, preparing for the next move. For now, Aussie and Loonie are the stronger ones for the week, but they only have a slim advantage over the greenback. Sterling is the worst, followed by Swiss Franc and Kiwi. Yen is mixed, also awaiting the next move in treasury yields. Technically, main focuses will be on Dollar pairs today. In particular, break of 1.0470 support in EUR/USD, 1.2410 support in GBP/USD, 0.7029 support in AUD/USD, and 131.24 resistance in USD/JPY would confirm that Dollar buying is back. It would be a strong sign of underlying strength in Dollar if these levels are taken out simultaneously. In Asia, at the time of writing, Hong Kong HSI is down -1.23%. Singapore Strait Times is down -0.05%. Japan and China are on holiday. Overnight, DOW rose 0.20%. S&P 500 rose 0.48%. NASDAQ rose 0.22%. 10-year yield dropped -0.036 to 2.960. |
