Dollar is back under pressure again as risk-on sentiments seem to be back as indicated by US futures. Swiss Franc and Euro are not too far away, as both turn softer, while Yen is following. On the other hand, New Zealand Dollar continues to lead the way after RBNZ's halt of asset purchase program. Canadian Dollar is also firm as focus turns to BoC policy decision, at which further tapering should be announced. Technically, Gold's upside breakout suggests that rebound from 1750.49 has resumed. Notable support was seen from 4 hour 55 EMA, which is a near term bullish sign. Further rise is expected as long as 1798.44 support holds, targeting 61.8% retracement of 1916.30 to 1750.49 at 1852.96. Sustained break there will pave the way to 1916.30 key structural resistance. Such development could be an indication of more downside in Dollar ahead. In Europe, at the time of writing, FTSE is down -0.38%. DAX is up 0.04%. CAC is down -0.07%. Germany 10-year yield is down -0.0145 at -0.308. Earlier in Asia, Nikkei dropped -0.38%. Hong Kong HSI dropped -0.63%. China Shanghai SSE dropped -1.07%. Singapore Strait Times dropped -0.43%. Japan 10-year JGB yield dropped -0.0047 to 0.021. |