Fresh selloff in seen in Dollar as we enter into US session. Euro was lifted earlier today by strong PMIs. But it could be taken over by Yen before weekly close. Mild risk aversion in Europe is keeping Yen afloat. US futures are mixed at the time of writing, but looks vulnerable. As for the week, Dollar is set to end as the worst performing, followed by Aussie and Loonie. Yen will likely end up as the strongest, followed by Euro. Technically, USD/JPY's break of 107.75 is another sign of Dollar weakness, and it could be heading to next fibonacci level at 105.77. Now, our attention will be on when EUR/USD would break through 1.2079 temporary top to resume the rebound form 1.1703. Besides, USD/CHF may follow and break through 0.9127 temporary low too. In Europe, currently, FTSE is down -0.58%. DAX is down -0.93%. CAC is down -0.57%. Germany 10-year yield is down -0.0227 at -0.274. Earlier in Asia, Nikkei closed down -0.57%. Hong Kong HSI rose 1.12%. China Shanghai SSE rose 0.26%. Singapore Strait Times rose 0.20%. Japan 10-year JGB yield rose 0.0006 to 0.069. |
