Euro surges broadly today, while German DAX and Stoxx 600 hit new record highs. Strong German business climate reading gave sentiments a strong lift. For now the common currency is only out-performed by New Zealand Dollar, and followed by Swiss Franc. On the other hand, positive market sentiment makes Yen the weakest one, followed by Dollar and then Sterling. Technically, EUR/USD's break of 1.2244 confirms resumption of rise from 1.1703 for 1.2348 high. EUR/JPY also breaks 133.42 resistance to resume medium term up trend. Now, one focus will be on EUR/CHF. Euro's underlying strength would really be confirmed if 1.1026 resistance is taken out firmly to indicate completion of consolidation pattern from 1.1149. In Europe, at the time of writing, FTSE is down -0.09%. DAX is up 0.69%. CAC is up 0.10%. Germany 10-year yield is down -0.0142 at -0.151. Earlier in Asia, Nikkei rose 0.67%. Hong Kong HSI rose 1.75%. China Shanghai SSE rose 2.40%. Singapore Strait Times rose 0.72%. Japan 10-year JGB yield dropped -0.0070 to 0.075. | 