Yen down further on risk Appetite, Sterling also weak

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Avatar for Kezzykazzy
4 years ago

Risk appetite is generally firm today with European indices trading in black while US stocks also open higher. Rebound in oil prices help push Canadian Dollar to be the strongest one today, followed by Australian. On the other hand, Yen and Swiss Franc are generally weakest. Though, it's a surprise that Sterling is among the worst performing, partly due to the steep pull back against Euro. Economic calendar is very light and traders will look forward to the three central bank meeting this week, BoJ, BoC and then ECB.

Technically, 1.1370 temporary top in EUR/USD is the immediate focus for US session. Break will extend the rebound from 1.1168 to 1.1422 short term top, and possibly to 1.1496 key resistance. EUR/JPY is also heading back to 121.96/122.11 resistance zone with today's strong rebound. Break till indicate completion of recent pull back and target 124.43 high.

In Europe currently, FTSE is up 1.16%. DAX is up 1.02%. CAC is up 1.45%. German 10-year yield is up 0.0530 at -0.411. Earlier in Asia, Nikkei rose 2.22%. Hong Kong HSI rose 0.17%. China Shanghai SSE rose 1.77%. Singapore Strait Times dropped -0.81%. Japan 10-year JGB yield rose 0.0116 to 0.031.

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Comments

Nice 1

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4 years ago

Nice

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4 years ago

Thanks for the information

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4 years ago

Nice

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4 years ago

Gud

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4 years ago

Nice article

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4 years ago

Thanks for the update

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4 years ago

Economy is now getting bad

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago

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4 years ago