Swiss Franc remains the strongest one for the week and stays firm into US session. Dollar is also regaining some ground, as the second best. On the other than, commodity currencies are the worst performing one, as led by Canadian. In other markets, European indexes are mildly in black while US futures are nearly flat. Trading might turn quiet ahead of a long weekend in the US. Technically, EUR/CHF is getting close to 1.0086 support. Firm break there will raise the chance of larger down trend resumption through parity and 0.9970 low. The question is, if that happens, whether it would be accompanied by more broad based decline is Euro. In particular, EUR/USD is still in favor to break through 1.0339 low at a later stage. In Europe, at the time of writing, FTSE is up 0.51%. DAX is up 0.49%. CAC is up 0.45%. Germany 10-year yield is down -0.027 at 1.689. Earlier in Asia, Nikkei dropped -1.77%. Hong Kong HSI rose 1.10%. China Shanghai SSE rose 0.96%. Singapore Strait Times rose 0.02%. Japan 10-year JGB yield dropped -0.0377 to 0.233. |
