Overall markets are rather steady in Asian session today. Even the free falling crytocurrencies are stabilizing slightly. Major Asian indexes, except Nikkei, are treading water. Dollar and Yen are softening slightly with Sterling. Aussie and Euro and mildly higher. But most major pairs and crosses are just stuck inside Friday's range. Sterling would be a focus this week with a string of economic data featured, including CPI, retail sales, and PMIs. Technically, Bitcoin broke through 20k handle over the weekend and stays below. It could now be heading back to pre pandemic high at 13855. In any case, firm break above 25083 resistance turned support is needed to be the first sign of bottoming. But even so, upside potential should be limited below 32368 resistance. In Asia, at the time of writing, Nikkei is down -1.11%. Hong Kong HSI is down -0.30%. China Shanghai SSE is down -0.20%. Singapore Strait Times is up 0.08%. 10-year JGB yield is down -0.0263 at 0.206. |
