 Asian stocks open the week lower, following Friday's selloff in the US. But the forex markets are pretty steady. Dollar is the weakest one for now, followed by Sterling and then Canadian. On the other hand, New Zealand Dollar leads the way higher, followed by Euro and then Japanese Yen. As usual on a Monday, the picture could drastically change throughout the day. In particular, Sterling is still hibernating in tight range except versus Euro. It might finally wake up as Tuesday's Brexit deal vote approaches. Technically, while EUR/USD strengthens today, it's capped below 1.1472 resistance and thus, there is not indication of bullish reversal yet. This is a key level to watch should Dollar's weakness extends. On the other hand, 1.2661 is key support in GBP/USD is another level to pay attention to. Break of which will be a sign that Sterling bears are finally coming out. In other markets, at the time of writing. Nikkei is down -2.19%. Hong Kong HSI is down -1.41%. China Shanghai SSE is down -0.84% and Singapore Strait Times is down -1.36%. Japan 10 year JGB yield is down -0.0166 at 0.046. |
