 Overall, the forex markets are bounded in tight range as consolidative trading continues. There is no clear sign of a sustainable rebound in Dollar, and thus, the most is more likely down than up. Yen is clearly soft but selling hasn't really take off yet. Commodity currencies are currently having a slight upper hand against Europeans, but nobody is overwhelming nobody yet. Technically, Gold's rally continues today but upside momentum is diminishing as seen in 4 hour MACD. While further rise is likely, upside could be limited by 38.2% retracement of 2070.06 to 1614.60 at 1788.58, at least on first attempt. Break of 1747.09 minor support turn this bias to the downside for 4 hours 55 EMA (now at 1716.38). If happens, that might be accompanied by corresponding recovery in Dollar. In Asia, Nikkei rose 0.10%. Hong Kong HSI is up 3.36%. China Shanghai SSE is up 1.49%. Singapore Strait Times is up 0.63%. Japan 10-year JGB yield is up 0.0029 at 0.245. Overnight, DOW dropped -0.63%. S&P 500 dropped -0.89%. NASDAQ dropped -1.12%. 10-year yield rose 0.052 to 3.865. | 
