Dollar rebound strongly in early US session after much stronger than expected consumer inflation data. But Canadian Dollar is even stronger with help from extended rebound in oil price. Sterling is the third strongest, as supported by stronger than expected GDP. On the other hand, New Zealand and Australian Dollar are under most selling pressure as stock selloff is back. Euro and Yen are also weak. Technically, there is not follow through buying in Dollar after initial spike. We'd still prefer to see 4 hour 55 EMA in EUR/USD at 1.2094, and 4 hour 55 EMA in USD/CHF at 0.9073, taken out firmly before considering the sustainability of Dollar's rebound. Meanwhile, Canadian Dollar's strengthen continues to be impressive. EUR/CAD's decline resumes today and should be targeting 61.8% projection of 1.5783 to 1.4723 from 1.5191 at 1.4536. In Europe, at the time of writing, FTSE is up 0.32%. DAX is down -0.21%. CAC is down -0.40%. Germany 10-year yield is up 0.014 at -0.144. Earlier in Asia, Nikkei dropped -1.61%. Hong Kong HSI rose 0.78%. China Shanghai SSE rose 0.61%. Singapore Strait Times dropped -0.67%. 10-year JGB yield rose 0.036 to 0.080. | 