Yen, Swiss Franc, and Dollar are trading higher today on overall risk off sentiment. Selloff was particularly steep in Chinese stock markets on risks of more lockdowns in major cities, in particular Beijing. While European markets and US futures are in red, downside is relatively limited for now. Australian Dollar is still the worst performing one. But it's hard to pick whether Euro, Sterling or Kiwi is the second weakest. Technically, Gold also falls sharply today on Dollar strength and it's now eyeing 1889.79 support. Firm break there will resume whole decline form 2070.06 and target 100% projection of 2070.06 to 1889.79 from 1998.23 at 1817.96. In any case, risk will stay on the downside as long as 1936.63 minor resistance holds. Overall development is favoring more upside in the greenback in general. In Europe, at the time of writing, FTSE is down -1.47%. DAX is down -0.91%. CAC is down -1.35%. Germany 10-year yield is down -0.099 at 0.873. Earlier in Asia, Nikkei dropped -1.90%. Hong Kong HSI dropped -3.73%. China Shanghai SSE dropped 5.13%. Singapore Strait Times dropped -0.64%. Japan 10-year JGB yield rose 0.0008 to 0.251. | 