Markets remain cautious overall. While DOW and S&P 500 hit new record highs overnight, the gains were just modest. Gold and WTI oil are also both stuck in tight range, awaiting breakout. In the currency markets, Sterling is apparently under some pressure from cross selling against other European majors. Euro and Swiss are currently the slightly strong ones among the major currencies. Technically, the weakness in the Pound against Euro and Swiss Franc is worth a watch in the next few days. GBP/CHF is apparently losing some upside momentum as seen in daily MACD. Break of 1.2794 minor support should indicate short term topping. Deeper pull back could then be seen to 55 day EMA, which is now close to 38.2% retracement of 1.1683 to 1.2985. In this case, we might also see EUR/GBP rises through 0.8729 resistance. In Asia, currently, Nikkei is up 0.69%. Hong Kong HSI is up 0.64%. China Shanghai SSE is up 0.24%. Singapore Strait Times is up 0.06%. Japan 10-year JGB yield is down -0.0096 at 0.1000. Overnight, DOW rose 0.53%. S&P 500 rose 0.65%. NASDAQ rose 1.05%. 10-year yield dropped -0.028 to 1.607. | 