Sterling dips notably after the dovish rate hike by BoE. Yen is following as second worst for the day, then Dollar. On the other hand, Aussie is leading other commodity currencies higher, support by strong job data. Euro is mixed with Swiss Franc, closely watching developments in Ukraine. In other markets, Gold is attempting a recovery but still kept well below 2000 handle. WTI crude oil is also recovering and it's back above 100 handle. Technically, with the weakness in Euro, focus will be on EUR/GBP. Above 0.8454 temporary top will resume the rebound from 0.8201. Further break of 0.8476 resistance will be the first sign of bullish trend reversal and bring even stronger rise to 0.8598. In Europe, at the time of writing, FTSE is up 0.44%. DAX is down -1.04%. CAC is down -0.32%. Germany 10-year yield is up 0.009 at 0.401. Earlier in Asia, Nikkei rose 3.46%. Hong Kong HSI rose 7.04%. China Shanghai SSE rose 1.40%. Singapore Strait Times rose 0.97%. Japan 10-year JGB yield dropped -0.0002 to 0.204. |