The financial markets continue to be range bound today, as traders seem to be holding their bets before Friday's US job report. Dollar is recovering mildly but it's held below next term resistance levels. Sterling is currently the stronger one, while Swiss France is the weakest. Technically, we're still staying near term bearish on the Dollar in general despite today's recovery. Key levels to watch include 1.4090 support in GBP/USD, 0.7673 support in AUD/USD, 0.9046 resistance in USD/CHF and 1.2201 resistance in USD/CAD. As long as these levels whole, the next committed move in the greenback is more likely down than up. In Europe, at the time of writing, FTSE is up 0.14%. DAX is up 0.02%. CAC is up 0.27%. Germany 10-year yield is down -0.0112 at -0.189. Earlier in Asia, Nikkei rose 0.46%. Hong Kong HSI dropped -0.58%. China Shanghai SSE dropped -0.76%. Singapore Strait Times dropped -0.82%. Japan 10-year JGB yield dropped -0.0006 to 0.079. |