Commodity currencies came back to live entering into US session, with help from broad based rally in European indexes and US futures. Canadian Dollar is also lifted as WTI oil price recaptures 70 handle. Dollar turned mixed for now as selling turns to Swiss Franc, Euro and Yen. With an empty economic calendar for the rest of the day, the currency markets would likely follow risk markets closely. Technically, USD/CHF breaches 0.9241 and focus could be on 0.9273 resistance. Break there will resume rise from 0.8925. EUR/CHF also drew support from 4 hour 55 EMA and rebounds. Break of 1.0899 will resume whole rise from 1.0694 to 1.0985 resistance. Such development, if happens, could either fuel upside acceleration in USD/CHF, or help cushion EUR/USD's decline somewhat. In Europe, at the time of writing, FTSE is up 0.68%. DAX is up 0.96%. CAC is up 0.75%. Germany 10-year yield is down -0.0044 at -0.332. Earlier in Asia, Nikkei rose 0.22%. Hong Kong HSI dropped -1.50%. China Shanghai SSE rose 0.33%. Singapore Strait Times dropped -0.79%. Japan 10-year JGB yield rose 0.0008 to 0.046. |