Commodity currencies remain the strongest one for today with help from risk-on markets. Euro is also firm, shrugging off deterioration in business expectations as indicated by Ifo's data. Though, selling is focusing on Swiss Franc and Sterling for now. Dollar dropped notably earlier today but there is no clear follow through selling so far. The extended decline in Gold is somewhat limiting downside for the greenback. Technically, AUD/USD's break of 0.7339 puts focus on 0.7413 high. Firm break there will resume whole up trend from 0.5506 low. EUR/AUD's break of 1.6144 also put focus on 1.6033 low. Break there will resume larger fall from 1.9799. Eyes will be on whether AUD/JPY could break through 77.09 temporary top and then 78.46 high to resume the rise from March's low of 59.89. These would seal the case of up trend resumption in Aussie. In Europe, currently, FTSE is up 1.26%. DAX is up 1.14%. CAC is up 1.47%. Germany 10-yaer yield is up 0.0081 at -0.571. Earlier in Asia, Nikkei rose 2.50%. Hong Kong HSI rose 0.39%. China Shanghai SSE dropped -0.34%. Singapore Strait Times rose 1.50%. Japan 10-year JGB yield rose 0.0095 to 0.026. |