 The selloff in cryptocurrencies spread to global stocks. Commodity currencies tumbled broadly following risk-off sentiment. Swiss Franc and Euro are currently the biggest winner from market sentiment, while Sterling softened notably against European peers. Dollar and Yen are mixed for now. Focuses will turn to US inflation today, which has the potential to trigger further selloff in risk markets, and help the greenback. Technically, the decline in USD/CAD didn't really take off and it recovered after dipping to 1.3386. Sustained break of 4 hour 55 EMA (now at 1.3559) will argue that it's a failed head and shoulder top pattern. More importantly, that would suggest that correction from 1.3976 has completed, and stronger rally would be seen back to 1.3807 and above. We'll know how it goes very soon. In Asia, Nikkei dropped -0.98%. Hong Kong HSI is down -2.17%. China Shanghai SSE is down -0.54%. Singapore Strait Times is up 0.35%. Japan 10-year JGB yield is down -0.0037 at 0.255. Overnight, DOW dropped -1.95%. S&P 500 dropped -2.08%. NASDAQ dropped -2.48%. 10-year yield rose 0.025 to 4.151. | 
