Dollar rises notably in early US session with help from strong headline non-farm payroll job growth, even though wages disappoint. But still, the overwhelming theme is Euro selloff on Russia invasion of Ukraine. The common currency is actually suffering a fresh round of heavy selling, just after NFP risk is cleared. Technically, it shouldn't be over the top by now, saying that EUR/CHF could even break parity before weekly close, considering the downside momentum. EUR/JPY has also taken out an important long term fibonacci support level at 126.58. EUR/GBP has taken out long term support at 0.8276. Things are getting from bad to worse for Euro. In Europe, at the time of writing, FTSE is down -2.81%. DAX is down -2.94%. CAC is down -3.24%. Germany 10-year yield is down -0.069 at -0.048. Earlier in Asia, Nikkei dropped -2.23%. Hong Kong HSI dropped -2.50%. China Shanghai SSE dropped -0.96%. Singapore Strait Times dropped -0.83%. Japan 10-year JGB yield dropped -0.0168 to 0.152. |