Even though the US markets were in deep selloff overnight, Asian markets are just mixed. Investors are still waiting for come clarity on the Russia-Ukraine situation before taking a committed move. Trading is also subdued ahead of a long weekend in the US, with a holiday on Monday. In the currency markets, Aussie and Kiwi are currently the strongest ones for the week. Dollar, Euro and Yen are the worst performing. But the picture could easily change if something dramatic happens. Technically, GBP/USD would be a focus today, with retail sales data featured. Break of 1.3642 will resume the rise from 1.3356 to 1.3748 resistance further break there will revive the case of bullish reversal, and could set the stage for retesting 1.4248 high at a later stage. Meanwhile, GBP/JPY is also rather resilient in spite of geopolitical uncertainties. Break of 158.04/19 resistance zone will confirm even confirm resumption of medium term up trend for next. In Asia, at the time of writing, Nikkei is down -0.18%. Hong Kong HSI is down -0.48%. China Shanghai SSE is up 0.02%. Singapore Strait Times is up 0.05%. Japan 10-year JGB yield is down -0.0016 at 0.222. Overnight, DOW dropped -1.78%. S&P 500 dropped -2.12%. NASDAQ dropped -2.88%. 10-year yield dropped -0.075 to 1.972. |
