International Forex Inforamtion

Dollar recovers strongly on supportive comments from China again but after all, financial markets are generally indecisively mixed ahead of key events of ECB rate decision and US Non-Farm Payroll report today. In the currency markets, note that EUR/USD's rebound from 1.3747 is still looking corrective in nature. Meanwhile, yesterday's rebound in GBP/USD and AUD/USD was rather unconvincing and both pairs were held below this week's low. There isn't any follow through selling to send the greenback out of recent range yet but on the other hand, dollar is not decisive enough to have a reversal from recent decline. In other markets, Asian stocks are generally mixed even though DOW did have some nice recovery yesterday. Crude oil continue to hover around 70 level while Gold is also gyrating in range of 920 and 950. All eyes will be on today's key events for inspiration for some sustainable move.