Dollar edges lower today but there is no follow through selling so far, in quiet markets. Still, the greenback is set to end the week as the worst performer, followed by Canadian and Swiss Franc. Sterling dipped notably earlier today but quickly recovered. Australian and New Zealand Dollar are soft, consolidation this week's gains, as both are the strongest performers for the week. Technically, Gold's rally extends today and breaches 1780 handle. Rise from 1677.69 short term bottom is on track for 38.2% retracement of 2075.18 to 1676.65 at 1828.88. The question is, whether such rise in gold could help EUR/USD breaks through 1.1988 resistance and 1.2 handle decisively. In Europe, currently, FTSE is up 0.57%. DAX is up 1.14%. CAC is up 0.53%. Germany 10-year yield is up 0.023 at -0.266. Earlier in Asia, Nikkei rose 0.14%. Hong Kong HSI rose 0.61%. China Shanghai SSE rose 0.81%. Singapore Strait Times rose 0.53%. 10-year JGB yield dropped -0.0004 to 0.090. |