Euro's broad based selloff continues today, even though it's still holding in range against Dollar and Sterling. But overall, European majors are weak. The greenback is somewhat capped by falling benchmark treasury yield. Yen is firm on risk-off sentiment but it's slightly out-performed by Aussie. In other markets, stocks are generally pressured in Europe while US futures are down. Gold is back above 1900 handle but lacks follow through buy yet. WTI crude oil resumes recent rally with new wave of buying. Technically, Euro's weakness will remain a focus. EUR/CHF's decline extends below 1.0277 temporary low. EUR/AUD's break of 1.5354 support suggests that larger down trend is ready to resume through 1.5250 low. A question is when EUR/USD will join the party and break through 1.1105 temporary low. In Europe, at the time of writing, FTSE is down -0.78%. DAX is down -2.26%. CAC is down -2.32%. Germany 10-year yield is down -0.095 at 0.038. Earlier in Asia, Nikkei rose 1.20%. Hong Kong HSI rose 0.77%. China Shanghai SSE rose 0.77%. Singapore Strait Times rose 1.12%. Japan 10-year JGB yield dropped -0.0040 to 0.181. |