Risk aversion builds up momentum in European session and carries forward to the US, with DOW opening down more than -400 pts. New Zealand and Australian Dollars are trading broadly lower, while Sterling is also among the weakest on fear of return to coronavirus lockdown. On the other hand, the safe-have triple of Dollar, Yen and Swiss Franc are currently the strongest, with Yen having an upper hand. Gold and oil prices are also notably lower. Technically, considering the downside momentum of today's decline, Gold might finally be ready to break out of triangle consolidation pattern. Firm break of 1906.33 will extend the corrective pattern from 2075.18 with another leg to 1862.55 support and possibly below. USD/CAD's break of 1.3259 resistance suggests resumption of rebound from 1.2994. Dollar traders should particularly watch for a break of 1.1737 support in EUR/USD and 1.2762 support GBP/USD to confirm the underlying strength of Dollar. Yen crosses are also showing downside acceleration for the moment. EUR/JPY is eyeing 122.23 fibonacci support and firm break there will raise the chance of reversing the whole rise form 114.42 to 127.07. AUD/JPY is now pressing 75.55 key near term support. Sustained break would open up deeper correction to 38.2% retracement of 59.89 to 78.46 at 71.36. In Europe, currently, FTSE is down -2.99%. DAX is down -3.23%. CAC is down -2.97%. German 10-year yield is down -0.0386 at -0.520. Earlier in Asia, Hong Kong HSI dropped -2.06%. China Shanghai SSE dropped -0.63%. Singapore Strait Times dropped -0.48%. Japan was on holiday. | 