 Dollar's selloff resumed overnight after FOMC risk was cleared. Basically, Fed just reaffirmed it's stance that it's far from considering stimulus exits. Though, for the week so far, Yen is even weaker with strong rebound in global treasury yields. Euro is no far, follow Dollar as third weakest so far. On the other hand, Canadian Dollar is the top performing, leading other commodity currencies higher. Technically, for Dollar, USD/CHF's break of 0.9121 temporary suggests resumption of fall from 0.9471. USD/CAD also broke 1.2363 support to resume larger down trend from 1.4667. Focus is back on 108.19 minor support in USD/JPY. Additionally, Gold rebounded comfortably after drawing support from 1763.36. Break of 1797.71 will resume the rise from 1677.69, as another sign of Dollar weakness. In Asia, at the time of writing, Nikkei is up 0.21%. Hong Kong HSI is up 0.37%. China Shanghai SSE is up 0.20%. Singapore Strait Times is up 0.10%. Japan 10-year JGB yield is up 0.0098 at 0.095. Overnight, DOW dropped -0.48%. S&P 500 dropped -0.08%. NASDAQ dropped -0.28%. 10-year yield dropped -0.002 to 1.620. |
What drives the global financial markets to shift gears? Is it geopolitical uncertainty , central bank decisions , or the relentless march o...
