 Much volatility is seen in the markets today, in particular in Sterling. The Pound tumbled sharply on news that the UK Government to going to activate a plan B and impose some restrictions as soon as on Wednesday, due to spread of Omicron. Yet, sentiments recovered After Pfizer said results from an initial laboratory showed their vaccine could neutralize Omicron after three doses. For now, Sterling is still the weakest one for today, while Euro and Aussie are the strongest. Technically, GBP/CAD dived through 1.6716 support today and hit as low as 1.6636 so far. Medium term down trend has resumed and next target would be 61.8% projection of 1.7623 to 1.6716 from 1.7111 at 1.6555. Firm break there will target 100% projection at 1.6204 next. We'll see if BoC meeting today could trigger downside acceleration in the cross. In Europe, at the time of writing, FTSE is up 0.14%. DAX is down -0.49%. CAC is down -0.16%. Germany 10-year yield is up 0.092 at -0.365. Earlier in Asia, Nikkei rose 1.42%. Hong Kong HSI rose 0.06%. China Shanghai SSE rose 1.18%. Singapore Strait Times dropped -0.16%. Japan 10-year JGB yield dropped -0.0055 to 0.049. | 
