Overall markets remain steady in consolidative trading today. There is little reaction to lower than expected Eurozone CPI and US ADP job data. Fed Chair Jerome Powell's speech might trigger some volatility, or traders will have to wait for non-farm payrolls on Friday. For now, Dollar is the strongest for the week, followed by Yen and Euro. Canadian remains the weakest followed by Sterling and Swiss Franc. Aussie and Kiwi are mixed. Technically, WTI crude oil staged a notably rebound this week after dipping to 71.40 initially. But it has yet to break through 83.07 minor resistance. Thus, another fall is in favor to resume the larger down trend. However, firm break of 83.07 will firstly confirm short term bottoming, and secondly open up further rise towards 94.25 resistance. Canadian Dollar could be give a lift if that happens. In Europe, at the time of writing, FTSE is up 1.02%. DAX is up 0.26%. CAC is up 0.79%. Germany 10-year yield is up 0.030 at 1.954. Earlier in Asia, Nikkei dropped -0.21%. Hong Kong HSI rose 2.16%. China Shanghai SSE rose 0.05%. Singapore Strait Times rose 0.43%. Japan 10-year JGB yield dropped -0.0033 to 0.251. |