Markets continue to be very quiet in Asian session today. Investors are clearly holding their bets ahead of tomorrow's FOMC rate hike. Dollar is a softer one together with Yen and Swiss Franc. On the other hand, Canadian Dollar is firmer together with Aussie. Euro and Sterling are mixed. Generally speaking, most major pairs and crosses are still stuck inside last week's range. Technically, some attention remains on whether Sterling could build up more upside momentum. Levels to watch include 0.8456 minor support in EUR/GBP and 165.13 minor resistance in GBP/JPY. Additionally, 1.1774 minor resistance in GBP/CHF would be used as a gauge to determine buying in the Pound. Break there will complete a double bottom pattern, and set the stage for a stronger near term rebound at least. In Asia, at the time of writing, Nikkei is down -0.22%. Hong Kong HSI is up 1.43%. China Shanghai SSE is up 0.60%. Singapore Strait Times is up 0.25%. Japan 10-year JGB yield is up 0.0077 at 0.214. Overnight, DOW rose 0.28%. S&P 500 rose 0.13%. NASDAQ dropped -0.43%. 10-year yield rose 0.037 to 2.820. |