Risk sentiment turns a bit weaker today in the stock markets. But benchmark European and US yields are staging a strong rally. In the currency markets, Aussie is sold off is in delayed reaction to RBA's dovish tapering, but Canadian is follow closely with selloff in oil price. Sterling is also falling in European crosses, probably in reaction to the government's plan to raise taxes. On the other hand, Dollar is trying to rebound, other with Euro and Swiss Franc. Technically, EUR/GBP's break of 0.8601 resistance suggest resumption of rise from 0.8448 for 0.8668 resistance. We'll keep an eye on 1.3730 support in GBP/USD and 151.32 support in GBP/JPY. Break of these levels would indicate more Sterling weakness to come. Meanwhile, we'd continue to pay attention 1804.70 support in Gold. Break there could sign a more sustainable rebound in the greenback. In Europe, at the time of writing, FTSE is down -0.20%. DAX is down -0.11%. CAC is up 0.01%. Germany 10-yaer yield is up 0.0425 at -0.322. Earlier in Asia, Nikkei rose 0.86%. Hong Kong HSI rose 0.73%. China Shanghai SSE rose 1.51%. Singapore Strait Times rose 0.24%. Japan 10-year JGB yield dropped -0.0041 to 0.041. |