 Euro is sold off broadly, together with Sterling, after Russia announced partial military mobilization. Reactions in European stock markets are muted, nevertheless. For now, Swiss Franc is the strongest one for today, followed by Dollar, Canadian and Yen. Aussie and Kiwi are mixed. Focuses will now turn to FOMC rate decision first, followed by BoJ, SNB and BoE tomorrow. Technically, EURUSD is looking vulnerable for further selloff. Firm break of 0.9863 will resume larger down trend to 100% projection of 1.0368 to 0.9863 from 1.0197 at 0.9296 next. Such development, if happens, could also help push EUR/CHF through 0.9530 temporary low. In Europe, at the time of writing, FTSE is up 0.58%. DAX is up 0.14%. CAC is up 0.29%. Germany 10-year yield is down -0.039 at 1.899. Earlier in Asia, Nikkei dropped -1.36%. Hong Kong HSI dropped -1.79%. China Shanghai SSE dropped -0.17%. Singapore Strait Times dropped -0.16%. Japan 10-year JGB yield rose 0.0015 to 0.261. |
