The financial markets are generally steady today, as European indices are mixed in tight range. US futures point to slightly higher open, as S&P 500 could extend record run. Gold and oil are both still range bound. In the currency markets, Aussie and Kiwi continue to trade as the strongest ones for today, followed by Euro. Canadian Dollar, Dollar, and Swiss Franc are the weakest ones.

Technically, AUD/USD’s break of 0.7676 minor resistance suggests resumption of rebound from 0.7530. That affirms Dollar’s general weakness. Though, we’d like to se USD/CAD breaking through 1.2501 minor support, as well as GBP/USD breaking 1.3917 resistance to give us more confidence. On the other hand, Swiss Franc could be starting to reverse, in particular against Euro. We’ll see if a strong rebound in EUR/CHF would result in EUR/USD breaking through 1.1988 resistance, or USD/CHF breaking through 0.9258 minor resistance.
In Europe, currently, FTSE is up 0.30%. DAX is down -0.15%. CAC is up 0.40%. Germany 10-year yield is down -0.001 at -0.289. Earlier in Asia, Nikkei dropped -0.44%. Hong Kong HSI rose 1.42%. China Shanghai SSE rose 0.60%. Singapore Strait Times dropped -0.27%. Japan 10-year JGB yield dropped -0.0134 to 0.090.


Source: www.actionforex.com