Markets are generally in cautious mode today. While Asian markets tumbled, major European indexes are just in slight red. Dollar rebounds notably after US House Speaker Nancy Pelosi finally took the flight from Malaysia to Taiwan. Investors are still awaiting whether China would take any "retaliation". Meanwhile, Yen remains the strongest one, followed by Dollar and then Canadian. Aussie is the runaway looser, followed by Kiwi and Sterling. Euro is mixed for now, underwhelming Swiss Franc slightly. Technically, just as EUR/USD is attempting an upside breakout, it's quickly knocked down. For now, further rise will remain in favor as long as 1.0095 support holds. There is still a second chance for EUR/USD. Nevertheless, USD/CHF is recovering after touching 0.9471 key support holds. Further rise and break of 0.9598 resistance will confirm short term bottoming. If that happens, EUR/USD could be dragged down together. In Europe, at the time of writing, FTSE is up 004%. DAX is down -0.59%. CAC is down -0.46%. Germany 10-year yield is down -0.065 at 0.712. Earlier in Asia, Nikkei dropped -1.42%. Hong Kong HSI dropped -2.36%. China Shanghai SSE dropped -2.26%. Singapore Strait Times rose 0.01%. Japan 10-year JGB yield dropped -0.0092 to 0.177. |
