Trading in the currency market is rather subdued today and markets will stay quiet with US and Canada on holiday. Dollar is paring some of last week's large losses but upside momentum is weak. On the other hand, Australia Dollar is turning slightly weaker as tomorrow's RBA policy decision is awaited. The reaction in Aussie could be wild as it's unknown whether RBA would maintain the tapering plan, or delay it, or reverse and increase in. Technically, we'd pay attention to AUD/USD in the upcoming Asian session. As long as 0.7394 minor support holds, we'd expect rise form 0.7105 to extend to 0.7530 support turned resistance. Sustained break there would open the bullish case for retesting 0.8006 high. However, break of 0.7394 minor support will mix up the near term outlook and bring pull back first. In Europe, at the time of writing, FTSE is up 0.66%. DAX is up 0.75%. CAC is up 0.82%. Germany 10-year yield is up 0.0027 at -0.354. Earlier in Asia, Nikkei rose 1.83%. Hong Kong HSI rose 1.01%. China Shanghai SSE rose 1.12%. Singapore Strait Times rose 0.56%. | 