 After much volatility this week, Yen and Dollar are staying as the weakest one for the week. Receding concerns over US-China trade war boosted risk appetite in the US and Asia in general. It seems that Trump's administration and Republicans are feeling heavy pressure from business to stop any trade tension escalation, even though Trump may like the opposite way. As long as Trump refrain from starting the new 25% tariff on USD 200B in Chinese goods, Dollar and Yen could stay soft for a while. Focus will turn to US retail sales today first. On the other hand, Sterling is so far the strongest for the week. Looking through all the noises, it's rather clear that both Prime Minister Theresa May's government and the EU want to make a deal. The biggest risks actually come from within the Conservative Party. The Pound will likely be supported even though it will remain headline sensitive. In other markets, DOW closed up 0.57% overnight at 26145.99. S&P 500 gained 0.53% to 2904.18. NASDAQ added 0.75% to 8013.71. S&P 500 has realistic chance of challenging record high at 2016.50 soon. Treasury yields were mixed with 10 year yield closed flat at 2.963. 3.000 level is so close yet so far. Asian markets trade higher today with Nikkei up 0.93% at the time of writing. Hong Hong HSI is up 0.81%. Singapore Strait Times up 0.71%. However, China Shanghai SSE is fluctuating in gain and loss, down -0.13% currently. Gold failed 1214.30 resistance yesterday but may have another take on this level if Dollar suffers another round of selling today. Technically, GBP/USD took the lead in rise resumption earlier this week. But EUR/USD is held below 1.1733. USD/CHF is kept above 0.9640. These two levels will now be in focus today. USD/JPY broke 111.82 resistance yesterday to resume the rebound from 109.76. Further rise is expected for 113.17 resistance. But as both Dollar and Yen are soft, the process could be "gradual". | 
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