Dollar retreats mildly in early US session after weaker than expected job data. Also, treasury yield is retreating mildly while stocks point to higher open, in particular NASDAQ. Pre-holiday trading in the currency markets is generally mixed. Aussie tumbled earlier today but has recovered a large part of the losses quickly. Sterling is trying hard to extend this week's rise against Euro and Yen, but struggles to accomplish it yet. Technically, Gold defended 1676.65 support in the first attempt this week and recovered. Still, it's just started the third leg of the consolidation pattern from 1676.65. Outlook will stay bearish as long as 1760.46 resistance holds, and downside breakout is still in favor. The development could correspond to some consolidations in Dollar, before extending recent rises, probably late next week. In Europe, currently FTSE is up 0.54%. DAX is up 0.50%. CAC is up 0.44%. Germany 10-year yield is down -0.0318 at -0.322. Earlier in Asia, Nikkei rose 0.72%. Hong Kong HSI rose 1.97%. China Shanghai SSE rose 0.71%. Singapore Strait Times rose 0.52%. Japan 10-year JGB yield closed flat at 0.116. |