Euro tumbles notably against European majors and Yen today, and ECB's re-calibration of PEPP purchases provide no support. But Dollar is seen as equally weak. Sterling is currently the star performer for today, followed by Swiss Franc and Yen. Commodity currencies are mixed. Focuses will now turn back to development in stocks and bonds markets, as both look relatively soft. Technically, EUR/GBP's sharp fall and strong break of 0.8561 support argues that rebound from 0.8448 might have completed at 0.8612 already. Well ahead of 0.8668 resistance. Deeper fall would now be seen back to retest 0.8448 low. Eyes will be on 1.0843 support in EUR/CHF. Break there will also suggest completion of rebound from 1.0694. Also, firm break of 1.1792 support in EUR/USD would bring retest of 1.1663 low. In Europe, at the time of writing, FTSE is down -1.06%. DAX is up 0.11%. CAC is up 0.12%. Germany 10-year yield is down -0.0129 at -0.336. Earlier in Asia, Nikkei dropped -0.57%. Hong Kong HSI dropped -2.30%. China Shanghai SSE rose 0.49%. Singapore Strait Times rose 0.09%. Japan 10-year JGB yield dropped -0.0058 to 0.040. |