 Canadian Dollar is currently the weakest one for today, following the pull back in oil prices. Japanese Yen is following as European and US yields are apparently trying to outpace benchmark JGB yield again. On the other hand, Aussie is trading slightly firmer, together with Kiwi and Dollar. Euro is paring some of the post-ECB gains, but the retreats are relatively shallow so far. Technically, WTI crude oil is now pressing 4 hour 55 EMA (now at 89.20), which is close to the short term channel support. Sustained break there will argue that it's already in correction to rise from 66.46 or even that from 62.90. In such case, deeper pull back would be seen back to 82.42/87.70 to set up the base for rebound. If happens, Canadian Dollar could be dragged further down. In Europe, at the time of writing, FTSE is up 0.10%. DAX is down -0.03%. CAC is up 0.23%. Germany 10-year yield is up 0.022 at 0.249. Earlier in Asia, Nikkei rose 0.13%. Hong Kong HSI dropped -1.02%. China Shanghai SSE rose 0.67%. Singapore Strait Times rose 1.05%. Japan 10-year JGB yield rose 0.0079 to 0.208. |
