 New Zealand Dollar rises sharply and broadly today as boosted by consumer inflation data. Other than that the forex markets are pretty directionless. Despite being sold off yesterday after retail sales, Dollar recovers broadly today as corrective trading continues. The greenback is in tie with Canadian Dollar as the strongest ones. Yen and Swiss Franc are trading lower as Asian markets turned mixed despite another day of decline in the US. After all the Brexit headlines, Sterling is trading mixed together with Euro and Australian Dollar. In other markets, US equities closed slightly lower as recovery attempt lost momentum. DOW lost -0.35%, S&P 500 dropped -0.59% and NASDAQ dropped -0.88%. Treasury yields recovered with 10 year yield rose 0.022 to 3.163 but stayed well off recent high at 3.248. At the time of writing, Nikkei is trading up 0.27%, Singapore Strait Times down -0.41%, Hong Kong HSI down -0.19% and China Shanghai SSE down -0.15%. Technically, while EUR/USD rebounded from 1.1534 minor support, it's upside was limited below 1.1610 temporary top. Range breakout is still awaited. Despite yesterday's recovery, More downside is still mildly in favor in GBP/USD. USD/JPY is starting to lose some downside momentum as seen in 4 hour MACD. And focus could turn back to 112.52 minor resistance should today's recovery extends. | 
