Price actions in Asian session remain indecisive. Euro is staying as the worst performer today, weighed down by cross selling against Swiss Franc and, to a lesser extent, Sterling. Aussie and Kiwi are the stronger ones but overwhelmed by the Franc. Dollar and Yen are mixed for now awaiting further guidance from risk sentiment. US stocks closed lower overnight as consolidations continued while major Asian indexes are mixed. Technically, overall price actions suggest that Dollar's near term rebound isn't over yet. But, to have more sustainable rally, USD/CHF will have to break through 0.9287/9 resistance zone decisively to confirm short term bottoming at 0.9058. USD/JPY will also have to break through 132.89 to resume the rebound from 127.20. Otherwise, rise in the greenback elsewhere could remain half-hearted. In Asia, at the time of writing, Nikkei is down -0.13%. Hong Kong HSI is up 1.00%. China Shanghai SSE is up 0.97%. Singapore Strait Times is down -0.78%. Japan 10-year JGB yield is up 0.0017 at 0.498. Overnight, DOW dropped -0.61%. S&P 500 dropped -1.11%. NASDSAQ dropped -1.68%. 10-year yield dropped -0.021 to 3.653. |