 Dollar jumps in early US session as lifted by a set of strong non-farm payroll data. But it remains to be seen if buying could sustain. Still, Canadian Dollar looks even stronger for its own robust employment data too. For now, Swiss Franc is the worst performer for the day, very much thanks to the reversal in cross against Euro. Yen is the second worst, followed by Euro. The Looking is the strongest one, followed by Aussie. Let's see if the greenback to reclaim more of the ground lost earlier in the week. Technically, USD/CHF is heading back to 0.8993 resistance quickly. Decisive break there will be a signal of near term bullish reversal, on bullish convergence condition in daily MACD, ahead of 0.8756 long term support (2020 low). That, if realized, could be an early sign of turn around in Dollar in general. In particular, Both EUR/USD and GBP/USD could follow with deeper pull back. In Europe, at the time of writing, FTSE is up 0.48%. DAX is up 0.73%. CAC is up 0.66%. Germany 10-year yield is up 0.0105 at 2.295. Earlier in Asia, Japan was still on holiday. Hong Kong HSI rose 0.50%. China Shanghai SSE dropped -0.48%. Singapore Strait Times dropped -0.08%. |
