Economic data released today are largely ignored so far. Euro's weakness continues despite stronger than expected inflation reading. Swiss Franc and Sterling are also softening slightly. Dollar, on the other hand, struggles to extend gain after much stronger than expected ADP employment. New Zealand Dollar continues to trade as the strongest one, taking the Aussie slightly higher. Yen is mixed while stock markets lack a clear direction for the day. Technically, EUR/JPY's break of 126.26 minor support is another sign of near term Euro weakness. A focus will be on 1.0788 minor support in EUR/CHF, to see if the selloff would spread. 1.5760 minor support in EUR/AUD is another level to note. GBP/USD is another one to watch as it's resiliently holding on to 1.3608 minor support, keeping another rally in favor. In Europe, FTSE is currently down -0.02%. DAX is up 0.47%. CAC is up 0.23%. Germany 10-year yield is up 0.0161 at -0.471. Earlier in Asia, Nikkei rose 1.00%. Hong Kong HSI rose 0.20%. China Shanghai SSE dropped -0.46%. Singapore Strait Times rose 0.35%. Japan 10-year JGB yield rose 0.0026 to 0.059. |