Euro is lifted slightly by hawkish comments from ECB officials, as well as the meeting accounts. But overall, it's risk-on sentiment that matters more for now, supporting Yen and Dollar too. Commodity currencies are so far the worst performers, with Aussie also weighed down by poor job data. Sterling and Swiss Franc are currently mixed. Technically, EUR/CAD finally breaks through 1.4591 resistance to resume larger up trend from 1.2867. Further rally is now expected as long as 1.4406 support holds. Next target is 61.8% projection of 1.3270 to 1.4591 from 1.4232 at 1.5048. Let's see if USD/CAD could also pick up momentum towards 1.3704 resistance. In Europe, at the time of writing, FTSE is down -1.20%. DAX is down -1.69%. CAC is down -1.81%. Germany 10-year yield is up 0.063 at 2.088. Earlier in Asia, Nikkei dropped -1.44%. Hong Kong HSI dropped -0.12%. China Shanghai SSE rose 0.49%. Singapore Strait Times dropped -0.41%. Japan 10-year JGB yield dropped -0.0184 to 0.404. |