Risk sentiment stabilizes today with rebound in major European stocks while US futures also point to higher open. Selloff in commodity currencies slow a bit but they remain the worst performers, led by Aussie. Yen, Euro and Dollar are the stronger ones, and they're mixed against each other. Sterling and Swiss Franc are also consolidating against Euro for now. Overall, trader might hold their bets first before tomorrow's US CPI release. Technically, Bitcoin is stabilizing after breaching 30k handle earlier today. But further decline is still expected with 35224 resistance intact. Current down trend from 68986 is expected to continue to 61.8% projection of 68986 to 33000 from 48226 at 25986. The next fall would likely come with another round of selloff in stocks, which would also be reflected in the FX markets too. In Europe, at the time of writing, FTSE is up 0.66%. DAX is up 1.49%. CAC is up 0.95%. Germany 10-year yield is down -0.0564 at 1.035. Earlier in Asia, Nikkei dropped -0.58%. Hong Kong HSI dropped -1.84%. China Shanghai SSE rose 1.06%. Singapore Strait Times dropped -1.25%. Japan 10-year JGB yield dropped -0.0032 to 0.251. | 