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Thread: Markets Staying in Consolidations, Dollar to End the Week as Worst Performer

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    Moderator cool user imbest's Avatar
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    Default Markets Staying in Consolidations, Dollar to End the Week as Worst Performer

    The forex markets are staying in consolidative mode today and could remain so before weekly close. Though, that would depend on whether US stocks would surge again with powerful buying. For the week, Dollar is currently the worst performing, followed by Canadian and Euro. Aussie is the strongest followed by Kiwi.

    Technically, the retreats in Yen pairs are so far very shallow. We’d continue to monitor if 132.13 and 156.58 minor support levels in EUR/JPY and GBP/JPY would be broken. Or, near term up trend in Yen crosses would resume with help from stock and overall risk-on sentiments.

    In Europe, at the time of writing, FTSE is up 0.52%. DAX s up 0.80%. CAC is up 0.93%. Germany 10-year yield is up 0.0144 at -0.085. Earlier in Asia, Nikkei rose 0.34%. Hong Kong HSI rose 0.42%. China Shanghai SSE dropped -0.34%. Singapore Strait Times rose 0.52%. Japan 10-year JGB yield rose 0.0081 to 0.098.

    Source: www.actionforex.com
    Last edited by imbest; 10-26-2021 at 02:32 PM.

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