Dollar's correction continues today and falls broadly. US stocks point to stronger extended rebound. Yen is also weak. Kiwi is currently the strongest, followed by Australian. Euro and Swiss Franc are next. In particular, Euro is lifted by reports that ECB would consider both a 25bps and 50bps hike this Thursday. Sterling also follows Euro higher. Technically, AUD/USD's break of 0.6873 minor resistance confirms short term bottoming at 0.6680 and further rise would be seen to 55 day EMA (now at 0.6973). Now, it's GBP/USD's turn and break of 1.2055 will also confirm short term bottoming at 1.1759. However, if EUR/GBP could break through 0.8552 minor resistance, such development could cap Sterling's rally. In Europe, at the time of writing, FTSE is up 0.47%. DAX is up 0.44%. CAC is up 0.40%. Germany 10-year yield is up 0.048 at 1.263. Earlier in Asia, Nikkei rose 0.65%. Hong Kong HSI dropped -0.89%. China Shanghai SSE rose 0.04%. Singapore Strait Times dropped -0.13%. Japan 10-year JGB yield rose 0.0077 to 0.242. | 