Euro is knocked down in early US session after ECB left interest rates unchanged. The central bank leaves the option to continue the asset purchases program after June, even though it will be concluded in Q3. The announcement disappoints some Euro traders who are eager for more hawkish tone. At the time of writing, Aussie is still the worst performing one for the day, followed by Swiss Franc and Euro. Kiwi is the strongest one but Yen and Dollar are also striking back. Technically, EUR/GBP's break of 0.8294 support suggests that whole rebound from 0.8201 has completed as a three-wave correction at 0.8511. The development revives medium term bearishness and deeper decline could be seen through 0.8201 low for down trend resumption. Immediate focus will now be on whether EUR/USD would drop through 1.0808 temporary low too. In Europe, at the time of writing, FTSE is up 0.21%. DAX is up 0.62%. CAC is up 0.61%. Germany 10-year yield is up 0.027 at 0.793. Earlier in Asia, Nikkei rose 1.22%. Hong Kong HSI rose 0.67%. China Shanghai SSE rose 1.22%. Singapore Strait Times dropped -0.19%. Japan 10-year JGB yield rose 0.0028 to 0.243. |