 The forex markets has been rather quiet for most of the day. But activity seems to pick up in early US session. Yen remains generally firm despite strong global risk appetite. But it's losing ground to Sterling as the the latter attempts for a rally. Euro is currently trading as the third strongest. Meanwhile, commodity currencies are generally lower with New Zealand Dollar leading, Canadian and Australian Dollar lower. But after all, major pairs and crosses are bounded in very tight range and the picture of who's stronger, who's weaker can easily change. Turkish Lira suffers some selling as the local markets are back from a week-long holiday. USD/TRY hits as high as 6.2975 but there was no follow through rally to 6.346 near term resistance. The pair is actually back below 6.18 at the time of writing. As long as 6.3460 minor resistance holds, there's nothing to worry about yet. The pair is merely staying in a sideway pattern. And the selloff in Lira isn't reflected in corresponding moment in the forex markets so far. In other markets, DAX is trading up 0.74% as some attribute to the rally to NAFTA optimism. CAC is also up 0.62% while UK is on holiday. Asian stocks flexed muscles with Hong Kong HSI gained 2.17%, China Shanghai SSE added 1.89%, Singapore Strait Times rose 0.39%. Nikkei also closed up 0.88%. WTI crude oil is nearly flat at 68.74, still some distance from 70 handle. Gold is fluctuating between gains and losses but recent rebound from 1160 is still expected to extend higher after consolidation finishes. | 
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