Entering into US session, Sterling is trading as the weakest one today, followed by Japan Japanese Yen. On other hand, New Zealand Dollar and Canadian Dollar are generally higher. The forex markets seem to have decoupled from risk sentiments today. But we’d reckon recoupling soon. BoC rate decision will be a focus in US session and it’s widely expected to save bullet for October. US-Canada trade negotiation will resume in Washington today and that will also catch some attention.
In other markets, major European indices are in red today, with FTSE down -0.33%, DAX down -0.58%, CAC down -0.85%. Earlier today, Hong Kong HSI closed down -2.61%, China Shanghai SSE down -1.68%, Nikkei down -0.51% while Singapore Strait Times fell -1.69%. WTI crude oil once again failed to stay above 70 handle and is now back below 69. Gold is now defending 1190 as near term consolidation extends.
