Euro's rebound made some progress overnight even though momentum was still weak. The common is nevertheless firm in Asian session. Dollar is also strengthening up slightly, together with Sterling and Swiss Franc. Yen is consolidating in tight range as earlier recovery is losing some momentum. Commodity currencies are mixed for now. Technically, EUR/USD's break of 1.1120 support turned resistance and EUR/GBP's break of 0.8476 structural resistance are both bullish signal for the Euro. Attention is now on EUR/CHF. Firm break of 1.0400 resistance will resume the rebound from 0.9970. That, if happens, should solidify Euro's broad based come back. In Asia, at the time of writing, Nikkei is down -0.24%. Hong Kong HSI is down -0.81%. China Shanghai SSE is down -0.10%. Singapore Strait Times is down -0.23%. Japan 10-year JGB yield is up 0.0032 at 0.223. Overnight, DOW dropped -0.19%. S&P 500 dropped -0.63%. NASDAQ dropped -1.21%. 10-year yield dropped -0.042 to 2.358. |