Euro remains in the spotlight in Asian session, as post-ECB rally is extending. Dollar is particularly in pressure as markets are awaiting disappointment from non-farm payroll job data. Yen is currently the second weakest for the week, following the greenback. Aussie is the second strongest, next to Euro, followed by Kiwi. Focuses will turn to non-farm payroll report from the US today, and the reactions from stocks, yields and currencies. Technically, EUR/GBP's break of 0.8421 resistance, as well as 55 day EMA, now raises the chance of major bottoming at 0.8282, just ahead of 0.8276 key long term support. Further rally should at least be seen towards 0.8598 resistance to have a test on it. EUR/CHF's break of 1.0510 resistance also indicates medium term bottoming at 1.0298. Now, focus will be on 1.1482 resistance in EUR/USD. Firm break there will align with the bullish outlook in Euro. In Asia, at the time of writing, Nikkei is up 0.76%. Hong Kong HSI is up 3.18%. China is still on holiday. Singapore Strait Times is up 0.20%. Japan 10-year yield is up 0.0259 at 0.206, back above 0.2 handle! Overnight, DOW dropped -1.45%. S&P 500 dropped -2.44%. NASDAQ dropped -3.74%. 10-year yield rose 0.061 to 1.827. |
