 Euro and Swiss Franc weaken mildly in mixed markets today. New Zealand Dollar firms up together with Yen and Dollar. Meanwhile, Canadian Dollar is also soft, awaiting BoC policy decision. Major European indices are trading in red, but losses are limited. US futures also point to slightly lower open. Gold is trying to reclaim 1800 handle after breaching it. WTI crude oil is slightly up, and could head to retest 70 handle. Technically, we'd continue to keep an eye on 1.2706 resistance in USD/CAD. Firm break above would revive near term bullishness, for resuming the larger rise form 1.2005 through 1.2947 high. Meanwhile, break of 86.53 support in CAD/JPY would indicate rejection by 55 day EMA again. In this case, correction from 91.16 would likely resume through 84.65 support. In Europe, at the time of writing, FTSE is down -0.40%. DAX is down -0.82%. CAC is down -0.32%. Germany 10-year yield is down -0.010 at -0.331. Earlier in Asia, Nikkei rose 0.89%. Hong Kong HSI dropped -0.12%. China Shanghai SSE dropped -0.04%. Singapore Strait Times dropped -1.27%. Japan 10-year JGB yield rose 0.0055 to 0.046. |
