 Commodity currencies are turning weaker again in otherwise range trading markets. As for today, European majors are the stronger ones, as lead by Sterling. But there is no clear sign of follow through movements. Omicron seems to have slipped to the backstage. Traders are probably looking through to tomorrow's non-farm payroll report to gauge how Fed would quicken its tapering. Technically, Euro appears to be making some progress against Aussie and Canadian. Despite some unconvincing momentum, EUR/AUD is still on track to 1.6075 near term projection level. EUR/CAD's rebound from 1.4162 short term bottom is also extending. Immediate focus will be on 1.4580 support turned resistance. Firm break there would bring stronger rise back to medium term falling trend line resistance at 1.4898. In Europe, at the time of writing, FTSE is down -0.95%. DAX is down -1.76%. CAC is down -1.55%. Germany 10-year yield is down -0.0408 at -0.381. Earlier in Asia, Nikkei dropped -0.65%. Hong Kong HSI rose 0.55%. China Shanghai SSE dropped -0.09%. Singapore Strait Times dropped -0.20%. Japan 10-year JGB yield dropped -0.075 to 0.059. | 
