Dollar's strong post-FOMC rally is given another boost in early US session by much better than expected Q4 GDP data. Latest jobless claims figures also suggest stabilization from the impact of Omicron. But for now, the strength is mainly centered against European majors and Yen. Canadian Dollar is indeed lifted slightly as oil prices extend recent up trend. In other markets, US future bent upward from earlier slump and now point to recovery. Gold is pressing 1800 handle while WTI oil at around 88.8. Technically, EUR/USD's break of 1.1185 support confirms resumption of down trend from 1.2348. USD/JPY's break of 115.05 minor resistance revives near term bullishness. Focuses are now on 1.3158 low in GBP/USD, 0.6692 low in AUD/USD and 115.05 high in USD/JPY to further confirm Dollar's underlying bullishness. In Europe, at the time of writing, FTSE is up 0.88%. DAX is up 0.04%. CAC is up 0.15%. Germany 10-year yield i up 0.025 at -0.048. Earlier in Asia, Nikkei dropped -3.11%. Hong Kong HSI dropped -1.99%. China Shanghai SSE dropped -1.78.% Singapore Strait Times dropped -0.35%. Japan 10-year JGB yield rose 0.0192 to 0.159. |