Swiss Franc surges sharply higher today after surprised rate hike by SNB. Sterling also rises on BoE rate hike with hawkish voting. Yen is following closely on risk aversion but Dollar is lagging slightly behind. The greenback is still digesting post FOMC position adjustments. Risk-off sentiment sends commodity currencies lower, as led by Aussie. But Euro is also weak as pressured by selling against Pound and Franc. Technically, Euro is one again displaying some notable weakness. The break of 1.0216 support in EUR/CHF raises the chance of revisiting 0.9970 low. Focus will now be on 0.8484 support in EUR/GBP. Firm break there will suggest near term bearish reversal, after rejection by 0.8697 medium term fibonacci level. Meanwhile, decisive break of 1.0339 key support in EUR/USD will confirm down trend resumption. In Europe, at the time of writing, FTSE is down -2.57%. DAX is down -2.49%. CAC is down -1.81%. Germany 10-year yield is up 0.162 at 1.805. Earlier in Asia, Nikkei rose 0.40%. Hong Kong HSI dropped -2.17%. China Shanghai SSE dropped -0.61%. Singapore Strait Times dropped -0.27%. Japan 10-year JGB yield rose 0.0148 to 0.270. | 