Overall, the forex markets are rather mixed as we're heading towards the weekend. Euro is staying weak in European crosses, but selling slowed against Dollar and Yen. Meanwhile, commodity currencies are trading mildly higher, but remain the worst performers for the week. Dollar turned weaker against Swiss Franc and Yen, but there is no range breakout yet. Focuses will turn to UK GDP and Canada job data, and we'll see if these data could trigger some sustainable moves. Technically, we're keep an eye on some Sterling pairs for European session today. EUR/GBP's fall yesterday argues that rebound from 0.8448 has completed and that's a sign of underlying strength of the Pound. GBP/USD displayed some resilience in rebounding quickly after dipping to 1.3725. GBP/JPY is also holding above 151.32 minor support in sideway consolidation. Break of 1.3890 resistance in GBP/USD and 152.27 resistance will GBP/JPY will resume the near term rebound in both pairs. That could be accompanied by steep fall in EUR/GBP. In Asia, at the time of writing, Nikkei is up 1.13%. Hong Kong HSI is up 1.47%. China Shanghai SSE is up 0.06%. Singapore Strait Times is up 0.66%. Japan 10-year JGB yield is up 0.0008 at 0.041. Overnight, DOW dropped -0.43%. S&P 500 dropped -0.46%. NASDAQ dropped -0.25%. 10-year yield dropped -0.035 to 1.299. |