 The forex markets are very quiet in Asian session today, and could remain so for the day with an ultra light economic calendar. Australian Dollar and Swiss Franc are currently the stronger ones for the week, followed by Canadian and Kiwi. On the other hand, Dollar and Yen are both on the softer side, together with Sterling and Euro. Traders are probably still awaiting the bigger bets until US CPI release on Wednesday. Technically, Swiss Franc is worth a watch today. GBP/CHF is now pressing 1.1525 low. Firm break there will resume larger down trend from 1.3070. And in any case, outlook will stay bearish as long as 1.1774 resistance, even in case of another recovery. At the same time, EUR/CHF is heading back to 0.9697 low, and break will resume long term down trend too. In Asia, at the time of writing, Nikkei is down -0.92%. Hong Kong HSI is up 0.40%. China Shanghai SSE is up 0.25%. Singapore Strait Times is down -0.36%. Japan 10-year JGB yield is down -0.008 at 0.170. Overnight, DOW rose 0.09%. S&P 500 dropped -0.12%. NASDAQ dropped -0.10%. 10-year yield dropped -0.075 to 2.765. |
