Selloff in Canadian Dollar gathers pace today as WTI oil price is quickly heading back towards 80 handle. Other commodity currencies are also weak, with Aussie weighed down by poor job data. On the other hand, Dollar is staying firm without clear sign of loss momentum yet. Yen is also not performing too bad, as it's still trying to eke out more gains in crosses. Euro is mixed for now, even though EU upgrades Eurozone inflation forecasts. Technically, WTI crude oil has started another falling leg inside the consolidation pattern from 85.92. Some downside could be seen but strong support will likely be seen around 78.54 support to bring rebound. However, sustained break of 78.54 will at least bring deeper pull back to correct the rise from 61.90. In that case, we could be selling in Canadian Dollar intensify. In Europe, at the time of writing, FTSE is up 0.33%. DAX is up 0.10%. CAC is up 0.03%. Germany 10-year yield is up 0.0107 at -0.235. Earlier in Asia, Nikkei rose 0.59%. Hong Kong HSI rose 1.01%. China Shanghai SSE rose 1.15%. Singapore Strait Times rose 0.21%. Japan 10-year JGB yield rose 0.0105 to 0.071. | 