Dollar is trading generally higher together with Japanese Yen in Asian markets today. Sterling is also firm after UK Prime Minister Theresa May narrowly won the confidence vote in Commons. Commodity currencies are the weaker ones. But fresh selling is seen in Euro and Swiss Franc entering into European session. We won’t be surprised to see Euro and Swissy overtake Aussie and Kiwi as weakest later in the day. Over the week, Sterling remains the strongest one. It’s followed by Dollar and then Canadian. New Zealand and Australian Dollars are the weakest.

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Stocks markets in Asia are rather quiet.

  • Nikkei is down -0.26%.
  • Hong Kong HSI is up 0.07%.
  • China Shanghai SSE is up 0.30%.
  • Singapore Strait Times is down -0.21%.
  • Japan 10-year JGB yield is down -0.0025 at 0.005, still positive.

Overnight:

  • DOW rose 0.59%.
  • S&P 500 rose 0.22%.
  • NASDAQ rose 0.15%.
  • All three indices are now facing 55 day EMA resistance.
  • 10-year yield rose 0.20 to 2.731 but 30-year yield rose just 0.006 to 3.077.
  • Yield curve remain inverted from 1-year (2.579) to 2-year (2.545) to 3-year (2.525) and 5-year (2.542). But it’s looking was better than just a few weeks ago.

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