 Risk aversion is the main theme in the markets today, as selloff in stocks started in Asia following poor data from China, and continued through European session. Dollar and Yen are holding firm as the strongest ones for now. Euro traded a touch lower after lower than expected inflation readings in France and Germany, but downside is so far limited. European majors are still relatively supported by buying against commodity currencies. New Zealand and Australian Dollar are staying as the worst performers. Technically, development in EUR/AUD is worth a watch on whether selloff in Aussie would intensify. Break of 1.6514 temporary top will confirm resumption of whole rebound from 1.6134. This rally is either the second leg of the pattern from 1.6785, or resuming the larger up trend. But in either case, next target will be a test on 1.6785 high. In Europe, at the time of writing, FTSE is down -0.19%. DAX is down -0.48%. CAC is down -0.81%. Germany 10-year yield is down -0.042 at 2.293. Earlier in Asia, Nikkei dropped -1.41%. Hong Kong HSI dropped -1.94%. China Shanghai SSE dropped -0.61%. Singapore Strait Times dropped -0.90%. Japan 10-year JGB yield dropped -0.0037 to 0.433. | 
