 Overall, market sentiment is rather stable today, with major European indexes just slightly lower, while US futures point to recovery. Benchmark treasury yields are also ticking slightly higher. WTI crude oil is retreating slightly after breaking 115 handle. Gold is gyrating in tight range above 1900. In the currency markets, Euro remains the weakest one for today, followed by Sterling. Yen also softens on recovery yields. Aussie, Swiss Franc and Dollar are the stronger ones. Technically, CHF/JPY is breaking out from near term range, resuming the rebound from 124.53. Further rise is mildly in favor to retest 127.05 high. With solid support from 55 day EMA too, the larger up trend could be ready to resume through 127.05. Swiss Franc might have an upper hand in safe haven flows, with help from Euro selloff. In Europe, at the time of writing, FTSE is down -0.88%. DAX is down -0.57%. CAC is up 0.05%. Germany 10-year yield is up 0.037 at 0.066. Earlier in Asia, Nikkei rose 0.70%. Hong Kong HSI rose 0.55%. China Shanghai SSE dropped -0.09%. Singapore Strait Times rose 0.29%. Japan 10-year JGB yield rose 0.352 to 0.169. |
