Entering into US session, Euro is so far the strongest one for today, followed by Yen and the Sterling. On the other hand, Dollar, Australian and New Zealand are the weakest. But overall, the forex markets are generally in consolidative mode, without a committed direction. Stock markets in Asia and Europe are also mixed.
Improvements in Eurozone Sentix Investor Confidence seems to be taken well by traders. But the dark spot is that growth engine Germany lags far behind. There is no news on any kind of breakthrough regarding Brexit. It’s generally expected that EU won’t reject another extension, but would likely grant a long one. Economic calendar is relatively light today and tomorrow. Wednesday will be the key with ECB and FOMC minutes featured.
In Europe, currently:
- FTSE is up 0.11%.
- DAX is down -0.26%.
- CAC is up 0.12%.
- German 10-year yield is down -0.0073 at 0.003, still positive.
Earlier in Asia:
- Nikkei dropped -0.21%.
- Hong Kong HSI rose 0.47%.
- China Shanghai SSE dropped -0.05%.
- Singapore Strait Times dropped -0.22%.
- Japan 10-year JGB yield dropped -0.017 to -0.046.
