Dollar rises broadly again risk sentiment turned sour again. While Yen and Swiss Franc are still firm elsewhere, the greenback has overtaken their top position for the week. Meanwhile, commodity currencies remain the worst performing ones, as led by New Zealand Dollar, closely followed by Australian Dollar. Euro and Sterling are mixed for the moment. Technically, EUR/USD is finally moving away from 1.1705 support as selling accelerates. Focus is turned to 1.1602 support next and bring there will carry larger bearish implications. We'd also pay attention to the development in Gold. Break of 1770.68 support will suggest rejection by 1800 handle, and bring deeper fall. That would be another signal of Dollar's strength if happens. In Asia, at the time of writing, Nikkei is down -0.73%. Hong Kong HSI is down -1.80%. China Shanghai SSE is down -0.71%. Singapore Strait Times is down -1.00%. Japan 10-year JGB yield is up 0.0023 at 0.019. Overnight, DOW dropped -1.08%. S&P 500 dropped -1.07%. NASDAQ dropped -0.89%. 10-year yield rose 0.015 to 1.273. |