 Sterling continues to trade as the weakest one for today as negative Brexit news fly around. It's reported that European Council President Donald Tusk has given UK Prime Minister Theresa May a deadline for an extra November summit. And enough progress has to be made by this Wednesday night. So far, there is little hope to achieve anything significant within that short time frame. In particular, May is losing more support from her own party on the Irish backstop exit. That is, it's clear that May wouldn't have enough for for the plan if UK cannot quit the backstop unilaterally. Euro is following as the second weakest on Italy-EU budget showdown. Italy will resubmit a new or revised plan tomorrow. There could be disciplinary actions by the European Commission if they're not satisfied with the plan. The development also drags down Swiss Franc. On the other hand, Canadian Dollar is the strongest one for today, partly because it's digesting last week's loss. And, it's partly because Saudi Arabia announced to cut oil exports by 500k bpd starting December. Dollar and Yen follow as the next strongest. Technically, EUR/USD finally broke 1.1300 key support to resume medium term down trend from 1.2555. USD/CHF also broke 1.0094 resistance to resume recent rebound. GBP/USD's break of 1.2951 earlier today is a sign of weakness too. Condition is now set for more rally in Dollar. And 0.7182 minor support in AUD/USD starts to look vulnerable. In other markets, FTSE is trading down -0.18% at the time of writing. DAX is down -0.86% and CAC is down -0.25%. German 10 year yield is down -0.023 at 0.386, back below 0.4 handle. Italian 10 year yield is up 0.051 at 3.449. German-Italian spread is back above 300. Earlier today, Nikkei closed up 0.09%, Hong Kong HSI up 0.12%, China Shanghai SSE up 1.22%, Singapore Strait Times down -0.32%. 10 year JGB yield closed down -0.0071 at 0.118, which is a sign of market cautiousness. | 
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