Trading in the forex markets is rather subdued today. Major pairs and crosses are staying inside yesterday's range for now. Dollar and Yen turn softer. Sterling is in a weak recovery, but lacks follow through buying. It's too hard for traders to commit to a bet on a trade deal between UK and EU, or not. Swiss Franc is currently the strong one, together with Euro. Technically, as Dollar's recovery falters, focus is back 1.2177 minor resistance in EUR/USD. Besides, EUR/JPY might also have a take on 126.68 temporary top too. We'll see if any one of the two pairs could have an upside breakout first, or both together. But for that to happen, stocks could have to turn stronger today. In particular, DOW has to stay firm above 30k handle first, and challenge yesterday's high at 30233. In Europe, currently, FTSE is down -0.35%. DAX is down -0.07%. CAC is down -0.50%. Germany 10-year JGB yield is down -0.0144 at -0.593. Earlier in Asia, Nikkei dropped -0.30%. Hong Kong HSI dropped -0.76%. China Shanghai SSE dropped -0.19%. Singapore Strait Times ended flat. Japan 10-year JGB yield dropped -0.0068 to 0.020. |