 Markets turned steady in Asian session as risk-on moves take a breather for now. Dollar remains the worst performer but there is no committed follow through selling so far, after breaking near term support against Euro and Swiss Franc. Commodity currencies also lose some momentum and are overtaken by European majors in terms of strength. Euro is having mild upper hand against other European peers. Technically, EUR/AUD is losing some downside momentum as seen in 4 hour MACD. The corrective fall from 1.5976 might complete ahead of 38.2% retracement of 1.4281 to 1.5976 at 1.5329. Break of 1.5614 resistance will bring stronger rally back to retest 1.5976 high. If happens, given AUD/USD's firmness, that might be accompanied some upside acceleration in EUR/USD finally. Let's see. In Asia, at the time of writing, Nikkei is up 0.72%. Hong Kong HSI is down -0.33%. China Shanghai SSE is up 0.38%. Singapore Strait Times is down -1.00%. Japan 10-year JGB yield is down -0.0024 at 0.503. Overnight, DOW dropped -0.34%. S&P 500 dropped -0.08%. NASDAQ rose 0.63%. 10-year yield dropped -0.052 to 3.517. | 
