The forex markets are staying in mixed consolidative mode in Asian session. Australian Dollar trades mildly higher following strong, record making, export data. But that's offset by Melbourne's return to pandemic restriction, on masks and gatherings. Dollar turns weaker as Asian stocks rebound, together with Yen and Canadian. European majors are generally firm. Technically, focus is back on whether Dollar is resuming recent fall, in particular against Euro. EUR/USD would have another taken on 1.2244 temporary top again today, and break will resume recent rise from 1.1703 towards 1.2348 high. Similarly, eyes will also be on whether GBP/USD would follow and have a take on 1.4240 key near term resistance. In Asia, at the time of writing, Nikkei is up 0.63%. Hong Kong HSI is up 1.26%. China Shanghai SSE is up 1.60%. Singapore Strait Times is up 0.50%. 10-year JGB yield is down -0.0066 at 0.075. Overnight, DOW rose 0.54%. S&P 500 rose 0.99%. NASDAQ rose 1.41%. 10-year yield dropped -0.024 to 1.608. |
