Diverging Price rhythms in Asian equities

FXstreet.com (Chicago) – Asian equities print mixed results as strong swings affect major indexes in the region.

Down 0.27%, the Nikkei 225 is dragged by foodmakers and developers. The Australian S&P/ASX 200 is also down to accumulate 0.31% losses. Trade balance shrank as indicated by earlier published results. In China, the Shanghai Composite advances 0.35% while the Hang Seng losses 0.34% so far. The Korean Kospi wins 0.14% contrary to the Indonesian IDX down 0.21% and the Indian S&P CNX Nifty down 1.02% along the Sensex down 1.25%.

Oversold EUR/USD may be due for a bounce, but lower prices almost likely loom in near future

Weak data out of Europe and good ISM data out of the US Tuesday further tanked the EUR/USD to the point that key horizontal line support at 1.3472 was violated on a closing basis.
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USD/SGD meets 1.2455 session highs

USD/SGD continues edging higher consolidating above the 1.2450 zone after reaching 1.2455, almost three-week highs, leaving a strong resistance behind and not targeting higher zones.
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