Sterling pares back some of its losses as traders refused to add to bet on no-deal Brexit for now. Though, the Pound remains generally weak in Asian session today. Markets are relatively quiet elsewhere with stocks trading in mixed mode. Treasury yields also gave back some of last week's gains. Improvement in Australia business confidence and Japan's fresh fiscal stimulus are unable to ignite any moves. Focus will turn to German ZEW economic sentiment first, with eyes on Brexit development and ECB later in the week. Technically, Gold took out 1850 resistance overnight and further affirms the case of near term bullish reversal. But corresponding selloff was not seen in the greenback. EUR/USD is holding in consolidation below 1.2177 temporary top. AUD/USD and USD/CAD are both continuing to lose momentum. Focuses would be on 0.7351 minor support in AUD/USD and 1.2868 minor resistance in USD/CAD to gauge the chance of a near term recovery in Dollar. In Asia, currently, Nikkei is down -0.34%. Hong Kong HSI is down -0.55%. China Shanghai SSE is down -0.13%. Singapore Strait Times is down -0.06%. Japan 10-year JGB yield is down -0.0020 at 0.024. Overnight, DOW dropped -0.49%. S&P 500 dropped -0.19%. NASDAQ rose 0.45%. 10-year yield dropped -0.041 to 0.928. |