 Overall market sentiment is steady today. Major European indexes are trading slightly in black, together with US futures. WTI oil rebounds on news that US President Joe Biden is set to announce ban of Russian oil imports as soon as today. Gold is extending recent rise after brief consolidation, with aim to have a test on record high. In the markets, Euro is continuing to recover, digesting recent losses. Dollar is also firm, except versus Euro and Kiwi. On the other hand, Aussie is in deep pull back while Yen also turns softer. Technically, Gold is back above 2000 handle it's on track to retest 2074.84 high made in 2020. Decisive break there will resume long term up trend. In any case, further rise is expected as long as 1960.83 support holds. At the same time, we'll keep an eye on when WTI crude oil would break through 131.82 temporary top, to extend recent powerful rally towards 147 record high too. In Europe, at the time of writing, FTSE is up 0.04%. DAX is up 0.50%. CAC is up 0.43%. Germany 10-year yield is up 0.1307 at 0.115. Earlier in Asia, Nikkei dropped -1.71%. Hong Kong HSI dropped -1.39%. China Shanghai SSE dropped -2.35%. Singapore Strait Times dropped -1.22%. Japan 10-year JGB yield rose 0.0082 to 0.155. |
