By Andrew M Spencer — Nov 07 - 08:00 PM
Off 0.2% - a modest correction so far of Thursday's 1.7% jump
Asia takes the positive lead from Wall Street, Nikkei +0.8%, AsiaxJP +0.4%
Treasury yields and e-minis are little changed, commodities quiet so far
After a volatile week full of event risk, Asia may cruise into the weekend
Charts; 5, 10 & 21-day moving averages conflict, 21-day Bolli bands slip
Daily momentum studies edge higher - signals show a modest topside bias
Close above 0.6640 21 DMA targets a test of the 0.6725 0.5% Sep/Nov fall
Thursday's 0.6565 base and this week's 0.6513 low are initial supports
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Source:
Refinitiv IFR Research/Market Commentary