 The forex markets continue to stay in consolidative mode in Asian session. Dollar's recovery attempt overnight was rather short-lived. Sterling also regains some ground after initial reaction to the UK government's new budget. Yen is also soft despite strong CPI data from Japan. Overall, New Zealand Dollar is the strongest for the week so far, followed by Sterling and then Euro. Swiss Franc is the worst followed by Yen, and then Canadian. Technically, WTI oil's breach of 82.38 support raises the chance that corrective recovery from 76.61 has completed with three waves up to 94.25. That came after rejection by 38.2% retracement of 124.12 to 76.61. Sustained trading below 82.38 will affirm the case of down trend resumption through 76.61 low. If happens, that could put extra pressure on Canadian Dollar, in particular against other commodity currencies. In Asia, at the time of writing, Nikkei is down -0.13%. Hong Kong HSI is up 0.31%. China Shanghai SSE is down -0.05%. Singapore Strait Times is down -0.48%. Japan 10-year JGB yield is down -0.0029 at 0.246. Overnight, DOW dropped -0.02%. S&P 500 dropped -0.31%. NASDAQ dropped -0.35%. 10-year yield rose 0.083 to 3.775. | 
