Sentiments appear to be weighed down by the upstoppable rally in treasury yields again today. At the time of writing, US 10-year yield is trading above 1.75 handle while Germany 10-year bund yield is at -0.25. US futures point to lower open, with weakness seen particular in NASDAQ again. Dollar stabilized from yesterday's post FOMC selloff and recovers broadly. Sterling is so far resilient after BoE revealed nothing special. Swiss Franc and Euro are currently the weakest for today, followed by commodity currencies. Technically, one thing to is that Dollar is holding on near term support level against both Euro and Sterling despite yesterday's sell-off. That is, EUR/USD and GBP/USD are kept below near term minor resistance at 1.1989 and 1.4016 respectively. Focus could now be back to 1.1834 temporary low and 1.3777. Break of these levels will bring stronger rebound in the greenback. In Europe, currently, FTSE is down -0.19%. DAX is up 0.95%. CAC is up 0.01%. Germany 10-year yield is up 0.035 at -0.253. Earlier in Asia, Nikkei rose 1.01%. Hong Kong HSI rose 1.28%. China Shanghai SSE rose 0.51%. Singapore Strait Times rose 0.90%. Japan 10-year JGB yield rose 0.0133 to 0.107. |