 Dollar jumps sharply in early US session after stronger than expected non-farm payroll data. If job growth could sustain at current page in August, more FOMC members would be ready to call for tapering in Q4. Euro, Swiss Franc and Yen are the most responsive to Dollar buying so far. Sterling is staying resilient. Meanwhile, Canadian Dollar also drops slightly, along with Aussie, against the greenback. Technically, gold's break of 1789.42 support indicate that rebound from 1750.49 has completed already. Deeper fall would be seen back to retest this low, as Dollar strengthens in general. We'll not look at when EUR/USD will break through 1.1751 low to resume recent decline. Also, USD/CHF and USD/JPY should also break through 0.9116 and 110.58 resistance respectively if Dollar buying is to sustain. In Europe, at the time of writing, FTSE is up 0.09%. DAX is up 0.18%. CAC is up 0.45%. Germany 10-year yield is up 0.044 at -0.455. Earlier in Asia, Nikkei rose 0.33%. Hong Kong HSI dropped -0.10%. China Shanghai SSE dropped -0.24%. Singapore Strait Times rose 0.07%. Japan 10-year JGB yield rose 0.0024 to 0.015. |
