 Both Euro and Swiss Franc are generally firm today after ECB and SNB rate decisions, as not much reactions are being triggered. Though, as for today, Australian Dollar is the strongest one so far. Sterling, on the other hand, pares back some of recent gains as traders lighten up position, awaiting UK election results. Dollar is a touch weaker after poor job data but loss is limited. US President Donald Trump is set to have a high-stake meeting with trade advisers to decide whether to go ahead with December 15 tranche of tariffs on China. The decision would likely sharp Dollar's next move. Technically, EUR/USD and AUD/USD are on track to test recent resistance at 1.1179 and 0.6929 respectively. 1.3158 support in USD/CAD would be a level to watch to gauge further weakness in the greenback. As for Sterling, 1.3012 resistance turned support in GBP/USD, 141.50 resistance turned support in GBP/JPY, and 55 day EMA (0.8621) in EUR/GBP are the levels to watch. As long as these level holds, more upside would remain in favor in the Pound even in case of volatility. In Europe, currently, FTSE is up 0.38%. DAX is down -0.13%. CAC is down -0.14%. German 10-year yield is up 0.014 at -0.306. Earlier in Asia, Nikkei rose 0.14%. Hong Kong HSI rose 1.31%. China Shanghai SSE dropped -0.30%. Singapore Strait Times rose 0.69%. Japan 10-year JGB yield dropped -0.014 to -0.017. |
