The financial markets are generally steady today as traders are holding their bet ahead of FOMC announcement. US President Joe Biden is set to unveil a USD 1.8T package for family and education, but that's unlikely to trigger much reaction. New Zealand Dollar and Canadian Dollar are currently the strongest ones for today, followed by Dollar. Australian Dollar remains the worst performing one after post CPI sell-off. Sterling is also weak together with Yen. Technically, we're staying near term bearish on Dollar, except versus Yen. This view will hold as long as 1.1992 minor support in EUR/USD, 0.7676 minor support in EUR/USD, 0.9121 minor resistance in USD/CHF and 1.2470 minor resistance in USD/CAD holds. Also, there is also prospect for Gold to rebound from current level to resume the rise from 1676.65 through 1797.71. However, Firm break of 1763.36 will be taken as an early indication of a stronger Dollar rebound. In Europe, at the time of writing, FTSE is up 0.38%. DAX is up 0.42%. CAC is up 0.63%. Germany 10-year yield is up 0.018 at -0.227. Earlier in Asia, Nikkei rose 0.21%. Hong Kong HSI rose 0.45%. China Shanghai SSE rose 0.42%. Singapore Strait Times rose 0.16%. Japan 10-year JGB yield rose 0.0098 to 0.095. |
