Risk appetite appears to be rather strong today. It’s reported that Trump is undecided on the congressional deal to avert another shutdown. But investors couldn’t care less and they seem optimistic that Trump will eventually find an excuse to bow down, like claiming that the 90km border fence is a first step. But anyway, S&P 500 has already broken recent high to extend rally. DOW and NASDAQ might follow soon.

In the currency markets, Swiss Franc is the worst performing one, followed by Yen and then Dollar. Australian Dollar is the strongest one, followed by Canadian and then Euro. Sterling is mixed after little reactions to UK Prime Minister Theresa May’s Brexit statement in Commons. Kiwi is also mixed ahead of tomorrow’s RBNZ rate decision.

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AUD/CHF is currently the top mover today, up 0.69%. The recovery ahead of 0.7046 support argues that rebound from 0.6646 low might not be completed yet. Intraday bias stays neutral first. Break of 0.7262 will target 0.7376 resistance next. Though, firm break of 0.7046 should confirm near term reversal and target a retest on 0.6646 low.

In other markets:

  • DOW is up 1.39%.
  • S&P 500 is up 1.14%.
  • NASDAQ is up 1.27%.
  • 10-year yield is up 0.025 at 2.686.
  • 30-year yield is up 0.028 at 3.027, back above 3% handle.

In Europe:

  • FTSE rose 0.06%.
  • DAX rose 1.01%.
  • CAC rose 0.84%.
  • German 10-year yield rose 0.0102 to 0.132.


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