Swiss Franc and Euro jump in overall mixed markets. There were little reaction to better than expected job data from the US. BoE's slowing of asset purchases, and surprising voting prompted brief rally in the Pound, but there is no follow through momentum. Australian Dollar quickly pared back the losses on increasing tension with China. European indices are hovering between gains an losses while US futures are mixed too. Traders might need to wait for tomorrow's non-farm payroll data before taking a firmer stance. Technically, though, Dollar is looking vulnerable against Euro and Swiss Franc. With today's recovery, focus will firstly be on 1.2075 minor resistance in EUR/USD. Break will suggest that correction from 1.2149 has completed, and larger up trend is ready to resume. USD/CHF is also pressing 0.9079 temporary low too. Break will resume larger down trend. We'd also watch is gold could finally break through 1800 handle to resume the rise from 1677.69. In Europe, at the time of writing, FTSE is up 0.16%. DAX is down -0.07%. CAC is up 0.06%. Germany 10-year yield is up 0.008 to -0.217. Earlier in Asia, Nikkei rose 1.80%. Hong Kong HSI rose 0.77%. China Shanghai SSE dropped -0.16%. Singapore Strait Times rose 0.62%. Japan 10-year JGB yield dropped -0.0054 to 0.090. |