 The markets are set to end the week with a pessimistic tone. Major European index are trading in deep red while US futures point to a weak open. In the currency markets, Swiss Franc is the strongest one for today, followed by Euro and then Yen. Aussie and Kiwi are the worst ones, but Sterling is not too far away after poor retail sales. Loonie is mixed after retail sales missed, still supported by resilient oil prices. Technically, Euro appears to be recovering except versus Swiss Franc. A focus will be on 0.8377 resistance in EUR/GBP. Break there will indicate short term bottoming ahead of 0.8276 long term support. If that happens, the subsequent rebound could be strong and quick. That might help EUR/USD defend 1.1284 near term support too. In Europe, at the time of writing, FTSE is down -1.29%. DAX is down -2.19%. CAC is down -1.93%. Germany 10-year yield is down -0.045 at -0.069. Earlier in Asia, Nikkei dropped -0.90%. Hong Kong HSI rose 0.05%. China Shanghai SSE dropped -0.91%. Singapore Strait Times closed flat. Japan 10-year JGB yield dropped -0.008 to 0.137. | 
