Overall, the markets are rather steady so far in the last trading day of the week. Major Asian indexes are treading water. That followed a late rebound in US markets overnight. Euro weakens mildly and remains the worst performer for the week, followed by Yen and Swiss Franc. Dollar is still the strongest one, support by extended rally in US yields. Aussie and Sterling are the next strongest. Technically, Canadian Dollar would be a focus today with job data featured too. EUR/CAD recovered mildly after dipping to 1.3586. But outlook stays bearish with 1.3977 resistance intact. Break of 1.3586 will resume the larger down trend. When that happens, the question is whether EUR/USD would also break through 1.0805 low, or USD/CAD would be finally rejected by 1.2591 resistance. In Asia, at the time of writing, Nikkei is up 0.09%. Hong Kong HSI is down -0.47%. China Shanghai SSE is up 0.31%. Singapore Strait Times is down -0.72%. Overnight, DOW rose 0.25%. S&P 500 rose 0.43%. NASDAQ rose 0.06%. 10-year yield rose 0.043 to 2.652. |