Canadian and New Zealand Dollar are both in the driving seats in the markets this week. Return of risk appetite is providing the base for rally. Meanwhile, Kiwi is lifted by stronger than expected job data while Loonie follows oil prices higher. Aussie is lagging behind on RBA, however. Euro and Swiss Franc continue to trade as the weakest ones, with more downside prospect for the near term. Dollar and Yen are mixed for now. Technically, Sterling is apparently struggling to extend recent rally with much loss in momentum too. 1.3608 support in GBP/USD is a level to watch and break will bring deeper near term pull back. If that happens, we'd also monitor the reaction in EUR/GBP, on whether is would rebound from the current level through 0.8917 resistance to mark short term bottoming. BoE announcement tomorrow could be the trigger for the moves. In Asia, currently, Nikkei is up 0.64%. Hong Kong HSI is down -0.55%. China Shanghai SSE is up 0.20%. Singapore Strait Times is up 0.61%. Japan 10-year JGB yield is up 0.0026 at 0.059. Overnight, DOW rose 1.57%. S&P 500 rose 1.39%. NASDAQ rose 1.56%. 10-year yield rose 0.028 to 1.105. |