Overall markets lack clear direction today. Major European indexes are mixed in tight range. DOW future is down over -100 pts at the time of writing, but NASDAQ futures are up. Dollar recover mildly together with Yen and commodity currencies are the softer ones. But overall, major pairs and crosses are bounded inside Friday's range. Breakout is still awaited. New Zealand Dollar turns softer as markets await RBNZ rate decision. Speculation of a November rate hike intensified last week. Yet, RBNZ will need to say something to affirm such speculations, or the Kiwi could face some pressure. NZD/USD softens mildly after rejection by 4 hour 55 EMA. But it's staying in range above 0.6921. A breakout from range of 0.6921/7104 could hint on the next move this week. In Europe, at the time of writing, FTSE is down -0.54%. DAX is flat. CAC is down -0.18%. Germany 10-year yield is down -0.0147 at -0.304. Earlier in Asia, Nikkei rose 2.25%. Hong Kong HSI rose 0.62%. China Shanghai SSE rose 0.67%. Singapore Strait Times rose 0.50%. Japan 10-year JGB yield dropped -0.0012 to 0.030. |