 Dollar strengthens mildly in Asia today but overall markets have been quiet this week so far. Euro continues to consolidate last week's sharp gain, ahead of a key near term resistance against the greenback. Commodity currencies are the slightly stronger ones. Major benchmark global treasury yields continue to rally while stocks tread water. There might not be clear directions in the markets until US consumer inflation data later in the week. Technically, Gold's recovery from 1780.10 was admittedly stronger than expected, even though upside momentum is unconvincing. Despite the steepness of the fall from 1853.70 to 1780.10, Gold is not ready to breakout to the downside. Instead, current development suggest that it's recent price actions were just forming a symmetric triangle pattern. Some more time is needed to break out from range of 1780.10/1853.70. But such breakout could reveal which direction the greenback is taking too. In Asia, at the time of writing, Nikkei is up 0.24%. Hong Kong HSI is down -1.56%. China Shanghai SSE is down -0.39%. Singapore Strait Times is up 0.61%. Japan 10-year JGB yield is up 0.012 at 0.212. Overnight, DOW rose 0.00%. S&P 500 dropped -0.37%. NASDAQ dropped -0.58%. 10-year yield dropped -0.014 to 1.916. | 
