 Risk sentiment turns sour again as the arrangement for a Biden-Putin summit looks far from being promising. As the same time, there seems to be some scattered escalations in Russia-Ukraine situations. Major European indexes are trading mildly lower, together with US futures. Gold is holding in tight range slightly below 1900 handle. But in the currency markets, Swiss Franc surges sharply today on safe-haven flow. Meanwhile, Dollar and Euro are under some selling pressure. Economic data are largely ignored. Technically, we'd continue to focus on developments in Swiss Franc crosses. USD/CHF's break of 0.9176 minor support suggests that deeper fall is now in progress. But sustained break of 0.9090 support is still needed to turn near term outlook full bearish. EUR/CHF is heading towards 1.0298 low and firm break there will confirm medium term down trend resumption. Meanwhile, as noted earlier today, break of 1.2465 support in GBP/CHF will suggest that rise from 1.2276 has completed and bring deeper fall back to this level. In Europe, at the time of writing, FTSE is down -0.56%. DAX is down -1.93%. CAC is down -2.08%. Germany 10-year yield is up 0.006 at 0.198. Earlier in Asia, Nikkei dropped -0.78%. Hong Kong HSI dropped -0.65% China Shanghai SSE dropped -0.00%. Singapore Strait Times rose 0.22%. Japan 10-year JGB yield dropped -0.0115 to 0.209. | 
