Overall market sentiment is mildly positive with the strong rebound in DOW overnight, followed by slight gain in Nikkei. European majors are having a small edge over the others but Swiss Franc is still clearly lagging behind. Australia Dollar is leading commodity currencies lower for now, after some cautious comments from RBA Governor. Dollar is mixed and awaiting CPI data from the US for some inspirations. Technically, EUR/CHF is now eye 1.0899 resistance and break will resume the rebound from 1.0694. EUR/JPY is also recovery after drawing support from 129.57 support. Stronger could be seen back to retest 130.73 temporary top. EUR/USD also lost some downside momentum. While deeper fall could be seen as long as 1.1850 minor resistance holds. Break of this resistance will put focus back to last week's high at 1.1908. We'll see if Euro could stage a rally from here. In Asia, at the time of writing, Nikkei is up 0.48%. Hong Kong HSI is down -0.05%. China Shanghai SSE is up 0.05%. Singapore Strait Times is up 0.48%. Japan 10-year JGB yield is up 0.0045 to 0.051. Overnight, DOW rose 0.76%. S&P 500 rose 0.23%. NASDAQ dropped -0.07%. 10-year yield dropped -0.017 to 1.324. |