Selloff in Euro against commodity currencies appear to be a main theme today, in otherwise mixed markets. Dollar seems not too bothered by the pull back in treasury yields overnight and stays generally inside last week's range. Sterling is struggling to extend gain despite staying as the strongest one for the week. Yen and Swiss Franc are generally mixed. Technically, EUR/AUD's down trend is picking up some downside momentum after getting through 1.5723 temporary low. 1.5315 projection level is the next downside target. EUR/CAD is also accelerating downwards after breaking near term channel support. Further break of 1.5402 support will solidify the case for resuming the pattern from 1.5978 through 1.5313 low. 0.8861 support in EUR/GBP will be a key to decide whether Euro's selloff would intensify. In Asia, Nikkei closed up 0.85%. Hong Kong HSI is up 0.75%. China Shanghai SSE is down -0.32%. Singapore Strait Times is up 0.56%. Japan 10-year JGB yield is up 0.0015 at 0.033. Overnight, DOW dropped -0.03%. S&P 500 rose 0.23%. NASDAQ rose 0.43%. 10-year yield dropped -0.050 to 1.088. |