The financial markets are generally quiet today. Major European indexes are mixed while US futures are treading water. Gold is still trying to defend 1800 handle, despite dipping earlier. Silver is also recovering ahead of 20 handle. Bitcoin and Ethereum are also staying in sideway trading. Euro is firmer in general with Dollar and Yen. Swiss Franc is trading lower, followed by Aussie and Canadian. Technically, one focus in the week is whether overall risk sentiment would stabilize and rebound further. AUD/JPY could provide a guide to the development While it recovered ahead of 86.24 key medium term support, upside is capped by 55 day EMA (now at 89.99), around 90 handle. Sustained break of 90 handle will be a sign that overall risk sentiment is turning positive again. In Europe, at the time of writing, FTSE is up 0.27%. DAX is down -0.65%. CAC is down -0.26%. Germany 10-year yield is up 0.0048 at 0.999. Earlier in Asia, Nikkei rose 0.45%. Hong Kong HSI rose 0.26%. China Shanghai SSE dropped -0.34%. Singapore Strait Times is up 0.82%. Japan 10-year JGB yield dropped -0.0014 at 0.244. |