Dollar rebounds broadly again today as markets are unsettled by renewed strength in treasury yield. At the time of writing, US 10-year yield is back pressing 1.6 handle. DOW future is trading mildly higher, but NASDAQ futures is down -1.3%. Though, Canadian Dollar is even stronger as lifted by much stronger than expected employment data. Sterling, Kiwi and Swiss Franc are the weaker ones today. Technically, one focus is on 109.22 temporary top in USD/JPY. Break there will confirm resumption of recent up trend for trend line resistance at around 110.00 handle. Gold's focus is back to 1676.65 support after rejection by 1740.32 resistance. Break there will affirm underlying strength in Dollar and resume larger correction from 2075.18. In Europe, currently, FTSE is up 0.02%. DAX is down -0.64%. CAC is down -0.08%. Germany 10-year yield is up 0.035 at -0.298. Earlier in Asia, Nikkei rose 1.73%. Hong Kong HSI dropped -2.20%. China Shanghai SSE rose 0.47%. Singapore Strait Times dropped -0.35%. Japan 10-year JGB yield rose 0.0084 to 0.114. |