Risk aversion seems to back in indecisive markets today, with major European indexes and US futures trading down. Yen and Swiss Franc are trading mildly higher, followed by Dollar. Sterling and Canadian receive little support from strong consumer inflation reading. But Aussie and Kiwi are the worse performers while Euro is mixed. Focus will turn to Fed Chair Jerome Powell's testimony. Technically, Aussie bear seem to be making some progresses. EUR/AUD is now pressing 1.5277 resistance and break will put 1.5354 support turned resistance in focus. Sustained break there will be a sign of larger bullish reversal and could prompt further buying. At the same time, AUD/USD might extend lower to take on 0.6828 low. Firm break there will also resume larger down trend to 0.6756/60 cluster support. In Europe, at the time of writing, FTSE is down -1.31%. DAX is down -2.02%. CAC is down -1.84%. Germany 10-year yield is down -0.167 at 1.609. Earlier in Asia, Nikkei dropped -0.37%. Hong Kong HSI dropped -2.56%. China Shanghai SSE dropped -1.20%. Singapore Strait Times dropped -0.78%. Japan 10-year JGB yield rose 0.0049 to 0.241. | 