US futures turn south after much weaker than expected ADP job data. Yen regains much growth as risk sentiment turn cautious again. Though, as for today, Kiwi and Aussie are still the strongest. Canadian Dollar is currently the worst performing as dragged down by weakness in oil price. Dollar is following as the next weakest and looks vulnerable, in particular against European majors and Yen. Technically, Gold jumps sharply in early US session. Solid support is seen in 4 hour 55 EMA, which affirms near term bullishness. Focus is now on 1833.91 resistance. Break will resume the rebound from 1750.49 to 61.8% retracement of 1916.30 to 1750.39 at 1852.96. If happens, that should be accompanied by break of 1.1907 resistance in EUR/USD, to resume the rebound from 1.1751. In Europe, at the time of writing, FTSE is up 0.23%. DAX is up 0.53%. CAC is up 0.31%. Germany 10-year yield is down -0.024 at -0.503. Earlier in Asia, Nikkei dropped -0.21%. Hong Kong HSI rose 0.88%. China Shanghai SSE rose 0.85%. Singapore Strait Times rose 1.07%. 10-year JGB yield dropped -0.0048 to 0.005. |