Swiss Franc jumps broadly in otherwise quiet markets today. Canadian Dollar is second strongest, then Dollar, but both are staying inside yesterday's ranges. Sterling is currently the worst performing one, followed by New Zealand Dollar and then Yen. But the selling in the two are far from being clear. In other markets, Gold has a second attempt on 1900 handle but fails to sustain above there again. WTI crude oil is trading lower, eyeing 68 handle. Bitcoin is back below 33k handle, heading towards 30k. Technically, EUR/CHF's breach of 1.0915 key medium term resistance turned support suggests that downside momentum might be accelerating. Sustained break there will also carry larger bearish implication, for 1.0737 support. One focus now is 0.8929 support in USD/CHF and break will resume larger fall from 0.9471 to retest 0.8756 low. GBP/CHF's break of 1.2674 puts focus on 1.2645 support now. Firm break there will argue that larger decline from 1.3070 is resuming through 1.2579 low. We'll see if these three Franc pairs move lower in tandem. In Europe, at the time of writing, FTSE is up 0.47%. DAX is up 0.11%. CAC is up 0.29%. Germany 10-year yield is down -0.0313 at 0.226. Earlier in Asia, Nikkei dropped -0.19%. Hong Kong HSI dropped -0.02%. China Shanghai SSE dropped -0.54%. Singapore Strait Times dropped -0.27%. Japan 10-year JGB yield dropped -0.0060 to 0.075. |
