 Consolidation trading continues with US stocks closing mildly higher overnight while Asian markets are mixed. Gold also lost some downside momentum just ahead of 1850 key support level. In the forex markets, range trading continues in general with Aussie and Sterling gaining some grounds today. Yen and Canadian are the softer ones. Markets are still awaiting breakout. Technically, the moves following consolidations are, by definition, resuming prior trend. That is Dollar could be under selling pressure sooner or later, as stock rally resumes. This case is supported by the fact that EUR/USD, GBP/USD and AUD/USD are all supported by 4 hour 55 day well for now. Focuses will be on 1.1920 in EUR/USD, 1.3313 in GBP/USD and 0.7339 in AUD/USD. Let's see if a breakout would happen soon. In Asia, Nikkei closed down -0.42%. Hong Kong HSI is up 0.29%. China Shanghai SSE is up 0.37%. Singapore Strait Times is up 0.85%. Japan 10-year JGB yield is down -0.0005 at 0.013. Overnight, DOW rose 0.15%. S&P 500 rose 0.39%. NASDAQ rose 0.87%. 10-year yield dropped -0.028 to 0.854. | 
