Entering into US session, Sterling is undoubtedly the weakest one as Brexit chaos continue. UK PM May confirmed that she is seeking Article 50 extension till June 30. And she intends to have the third meaningful vote on her Brexit deal. At the same times, it’s reported that EU would only approve extensions till May 23. And most importantly, we’d repeat our doubt that even with an extension, and another MV, would the deal get through the Commons? If not, then what’s next? There is no answer.
Staying in the currency markets, Kiwiis second strongest weakest. Canadian Dollar is the third weakest as WTI is back below 59 after failing to take out 60 key resistance zone. Swiss Franc, Euro and Aussie are the strongest ones.
Looking ahead, FOMC rate decision, economic projections and press conference are the main focus of the day. Here are some previews.
In Europe:
- FTSE is up 0.20%.
- DAX is down -1.43%.
- CAC is down -0.19%.
- German 10-year yield is down -0.008 at 0.091.
Earlier in Asia:
- Nikkei rose 0.20%.
- Hong Kong HSI dropped -0.49%.
- China Shanghai SSE dropped -0.01%.
- Singapore Strait Times dropped -0.41%.
- Japan 10-year JGB yield rose 0.0092 to -0.036.
