The forex markets are mixed in rather quiet trading today. Swiss Franc apparently stronger but there isn't much follow through buying yet. Euro could be turning weaker again but it has to dip more to confirm downside momentum. Other major pairs and crosses are still stuck inside Friday's range. Global benchmark treasury yields are on the rise again but there is much movement in Yen. Technically, attentions stays in some Euro crosses including 0.8358 minor support in EUR/GBP. Break there will suggest completion of rebound from 0.8201, and bring deeper fall back to retest this low. The question is, if that happens, whether EUR/USD would be dragged through 1.0899 minor support, or, GBP/USD would be pushed through 1.3210 minor resistance. Let's see. In Europe, at the time of writing, FTSE is up 0.44%. DAX is down -0.01%. CAC is down -0.14%. Germany 10-year yield is up 0.0718 at 0.443. Earlier in Asia, Hong Kong HSI dropped -0.89%. China Shanghai SSE rose 0.08%. Singapore Strait Times rose 0.75%. Japan was on holiday. |