 While the US markets staged an historic comeback yesterday, sentiments didn't stay long. After Asian markets turned mixed, European markets are now trading broadly lower. DOW's over 1000pts rebound yesterday was impressive. But futures suggest that it's going to give back 300pts or more at open. Swiss Franc and Japanese Yen are currently taking turns to be the strongest ones as markets are back in risk averse mode. Australian, New Zealand and Canadian Dollar are the weakest ones. Dollar and Euro are mixed. At the time of writing, FTSE is down -1.23%, DAX is down -2.01%, CAC is down -0.36%. German 10 year yield is down -0.011 at 0.238. Italian 10 year yield is down -0.039 at 2.783. Earlier today, Nikkei closed up 3.88% at 200776.62 and reclaimed 20000 handle. Singapore Strait Times rose 1.12%. However, Hong Kong HSI dropped -0.67%. China Shanghai SSE dropped -0.61% to 2483.09, very close to 2449.19 low made back in October. Japan 10 year JGB yield also dropped -0.0039 to 0.023. Technically, USD/CAD's rally extends today and seems to be picking up upside momentum again. It's on track to 1.3685 fibonacci level next. AUD/USD is staying in tight range but could resume recent decline soon. EUR/JPY and GBP/JPY are staying in consolidation but that should be relatively brief before decline resumption. The bigger question is the time for EUR/USD, GBP/USD and USD/CHF to finally have a breakout from range. Released from the US, initial jobless claims dropped -1k to 216k in the week ending December 22, slightly below expectation of 220k. Four-week moving average on initial claims dropped -4.75k to 218k. Continuing claims dropped -4k to 1.701M in the week ending December 15. Four-week moving average dropped -1k to 1.676M. House price index rose 0.3% mom in October. | 
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