 Overall, the markets are relative quite today, in month end trading. Stocks are struggling in tight range, indifferent to news of Modern's plan to see US and EU clearance for their vaccine. In the currency markets, Sterling is currently the strongest one, awaiting news on Brexit trade talks. Canadian is the next strongest, then Kiwi. Australian Dollar, on the other hand, is the worst performing, followed by Yen and then Dollar. Gold broke 1800 handle earlier today to resume down trend and stays weak too. Technically, Euro could be interesting to watch today. EUR/USD is still heading towards 1.2011high while EUR/JPY is heading to 123.13 resistance. Meanwhile, EUR/GBP struggles to rise through 0.9004 resistance to confirm short term bottoming yet. We could find out soon, whether Euro would power through these levels, or be rejected by them. In Europe, currently, FTSE is down -0.08%> DAX is up 0.71%. CAC is down -0.13%. German 10-year yield is up 0.014 at -0.571. Earlier in Asia, Nikkei dropped -0.79%. Hong Kong HSI dropped -2.06%. China Shanghai SSE dropped -0.49%. Singapore Strait Times dropped -1.75%. Japan 10-year JGB yield rose 0.0005 to 0.030. |
