Dollar rebounds mildly entering into US session, as supported by surprisingly good jobless claims report. Risk-on rallies in the stock markets also losing some momentum, helps lift Yen mildly. As for the week so far, Aussie remains the best performer, followed by other commodity currencies. Swiss Franc and Yen are the worst ones. There's still enough time to change the picture before weekly close tomorrow. Technically, it could be about time Gold completes the consolidation pattern from 1761.76 temporary low, after touching 4 hour 55 EMA. Break of 1716.76 will resume the decline form 1877.05 to 1721.46 support next. Such development, if happens, could be accompanied by a near term comeback in Dollar. In Europe, at the time of writing, FTSE is down -0.36%. DAX is down -0.39%. CAC is down -0.31%. Germany 10-year yield is down -0.042 at -0.353. Earlier in Asia, Nikkei dropped -0.47%. Hong Kong HSI rose 1.08%. China Shanghai SSE rose 0.98%. Singapore Strait Times rose 0.41%. Japan 10-year JGB yield rose 0.0008 to 0.050. |
