 Euro and Sterling recover mildly in Asian session but they remain the weakest two for the week. Brexit impasse and Italian budget continued to weigh down both currencies, which also drags down Swiss Franc. Dollar's rally extended lower night as helped by hawkish comments from a top Fed official. There are tentative signs of more Dollar strength but it's yet to be confirmed. Meanwhile, Australian and New Zealand Dollar are the strongest ones despite weakness in global equities, in particular China. And weaker than expected Chinese GDP was shrugged off by both Aussie and Kiwi. Technically, EUR/USD is on track to 1.1431 support and break will confirm resumption of fall from 1.1814. USD/CHF stays firm as recent rally has resumed, even though there is no acceleration yet. GBP/USD's break of 1.3081 overnight should now send the pair back to 1.2921 support. USD/CAD's break of 1.3081 resistance also argue that rebound fro 1.2781 is resuming and carries near term bullish implications. It should also be noted that EUR/JPY resumed recent fall from 129.11 and should target 127.85 support next. GBP/JPY will likely test 145.67 resistance turned support. Break there will turn outlook bearish and re-align the outlook with EUR/JPY. In other markets, DOW closed own 1.27% overnight, S&P 500 down -1.44% and NASDAQ dropped -2.06%. But all three indices are kept well above last week's lows. US 30-year yield closed up 0.013 at 3.359, 10 year yield down -0.004 at 3.175, five-year yield down -0.017 at 3.024. Strength continues to be seen at the long end. In Asia, Nikkei is down -1.06% at the time of writing, Singapore Strait Times down -0.24%, Hong Kong HSI down -0.34%. China Shanghai SSE hit as low as 2449.20 earlier today as down trend extended. Subsequent recovery is capped by 2500 handle as well as weaker than expected China GDP. Another round of selloff could be seen before weekly close. | 
