 Risk appetite was given a strong boost overnight on news that US and China were going to re-start trade talks before now round of tariffs take effect. The news was further confirmed by White House economic advisor Larry Kudlow after the bell. Australian Dollar surged sharply on the news and was given another lift by solid job data today. Dollar, on the other hand, weakened together with Yen on easing trade threats. For now, Canadian Dollar is the strongest for the week, followed by Australian Dollar and then Sterling. Yen is the weakest one, followed by Swiss Franc and then Dollar. Focus will turn to ECB and BoE meeting today. While stocks were shot up by US-China trade news, it should be noted that the momentum didn't last. DOW hit as high as 26145.72 but closed up just 0.11% at 25998.92. That's just slightly above open at 25989.07.S&P 500 actually showed little reaction, and hit 2894.65 day high before closing at 2888.92, up only 0.04%. NASDAQ dropped -0.23% to 7954.23. In Asian markets, China Shanghai SSE opened higher and hit 2689.06. But there was no follow through buying to help it reclaim 2700 handle. SSE then subsequently gyrated down and is up only 0.14% at 2659 at the time of writing. Nikkei is up 0.99%, Hong Kong HSI is up 1.46% while Singapore Strait Times is up 0.15%. All in all, investors haven't showed much commitment to the easing trade tension yet. Technically, the forex markets are indeed staying in family range, with the exception of Aussie pairs. Further rise is in favor in EUR/USD and GBP/USD with 1.1525 and 1.2896 minor supports intact. USD/CHF and USD/JPY are range bound. Australia Dollar could have bottomed against both Dollar and Euro in near term, and more upside is in favor as corrective recovery. | 
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