Australian Dollar leads other commodity currencies higher today, as supported by solid risk appetite. US futures indicate a much higher open and extended rally could push major indices to new record highs later this week. Dollar and Euro are currently the weakest ones for the day, followed by Yen. Sterling and Swiss Franc are mixed. In other markets, gold is trying to extend near term rally but upside momentum is weak. WTI crude oil is still defending 80 handle. Technically, EUR/AUD's break of 1.5585 minor support suggests that rebound from 1.5354 is complete at 1.5743. Deeper fall would be seen back to 1.5354 low. When that happens, we'll see if it's accompanied by break of 0.7431 minor resistance in AUD/USD, or deeper down trend extension in EUR/USD. The latter case is favored. In Europe, at the time of writing, FTSE is down -0.04%. DAX is up 0.31%. CAC is up 0.31%. Germany 10-year yield is up 0.0070 at -0.250. Earlier in Asia, Nikkei rose 0.56%. Hong Kong HSI rose 0.25%. China Shanghai SSE dropped -0.16%. Singapore Strait Times rose 0.38%. Japan 10-year JGB yield dropped -0.0078 to 0.068. |