 Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU's decision to ban two-thirds of Russian oil imports immediately. Dollar is rebounding following some risk aversion, together with Swiss Franc. But Canadian Dollar remains firm as supported by surging oil prices. Australian Dollar is also firm, but Yen and Sterling are weak. Technically, a focus is now on whether EUR/CHF would finally resume the fall from 1.0513. Break of 1.0228 temporary low would also affirm the case that corrective rebound from 0.9970 has completed with three waves up to 1.0513. If that happens, Euro could be dragged further lower elsewhere, in particular against Canadian and Australian Dollars. In Europe, at the time of writing, FTSE is up 0.24%. DAX is down -1.20%. CAC is down -1.38%. Germany 10-year yield is up 0.066 at 1.122. Earlier in Asia, Nikkei dropped -0.33%. Hong Kong HSI rose 1.38%. China Shanghai SSE rose 1.19%. Singapore Strait Times dropped -0.20%. Japan 10-year JGB yield rose 0.0063 to 0.240. | 
