Sterling was lifted very briefly after BoE policy decision, but there was again no follow through buying. Dollar also pays little attention to jobless claims. Overall, the markets are staying in consolidative mode, and would probably stay so before tomorrow's non-farm payrolls report. As of now, Kiwi is the strongest one for the week followed by Aussie. Canadian is the weakest, followed by Euro. Technically, we'd continue to pay attention to Dollar pairs. In particular, breaks of 110.58 resistance in USD/JPY and 0.9116 support turned resistance in USD/CHF are needed to confirm a Dollar come back. Otherwise, selling of the greenback could still come back any time. Meanwhile, break of 1.0907 resistance in EUR/USD would suggest that the Dollar selloff is taking off. In Europe, at the time of writing, FTSE is down -0.10%. DAX is up 0.14%. CAC is up 0.39%. Germany 10-year yield is down -0.0133 at -0.508, staying below -0.5 handle. Earlier in Asia, Nikkei rose 0.52%. Hong Kong HSI dropped -0.84%. China Shanghai SSE dropped -0.31%. Singapore Strait Times dropped -0.25%. Japan 10-year JGB yield rose 0.0078 to 0.013. |
