 Risk aversion in the main theme in the financial markets today and all major global stock indices are in deep red. DOW futures are also down more than -400 pts at the time of writing. However, Sterling defies gravity and is trading as the strongest together with Japanese Yen today. The Pound is lifted by news that EU may offer UK a lifeline in the Brexit negotiations. Australian and Canadian Dollar are trading as the weakest ones. Euro is mixed as markets are awaiting European Commission's verdicts on Italy's reply regarding its budget. Technically, it's looking more likely that USD/JPY's recovery from 111.62 has completed at 112.88 already. And a focus will be on 111.94 minor support today. Break will likely resume the fall from 114.54 through 111.62 low. Meanwhile, Sterling is a bit mixed as while it rebounds, there is no confirmation of near term reversal against Dollar, Euro and Yen yet. Gold breached key resistance zone between 126.99/1238.62 and sustained break will pave the way to 1286.97 fibonacci level. On other markets, at the time of writing, FTSE is down -1.00%, DAX down -1.85% CAC down -1.15%. Italian 10 year yield is down -0.006 at 3.473, German 10 year yield is down -0.023 at 0.428. Earlier today, Nikkei closed down -2.67% to 22010.78. Hong Kong HSI dropped -3.08% to 25346.55. Singapore Strait Times dropped -1.52% to 3031.39. China Shanghai SSE dropped -2.26% to 2594.83. | 
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