 Sterling is trading lower in Asian session today as UK Prime Minister Theresa May's uninspiring statement did nothing to break the stalemate. But, commodity currencies are equally weak, if not weaker, following decline in the stock markets. There is no clear theme but investors appear to be turning cautious after yesterday's set of Chinese data. Slowdown is inevitably lying ahead but the depth would very much depends on the trade negotiation with the US. For now, Yen and Dollar are the strongest ones so far. Technically, 1.3323 minor resistance in USD/CAD is a level to watch today. Break will add to the case of near term bottoming at 1.3180. And stronger rebound would be seen back towards 1.3664 high. 0.7116 in AUD/USD is another level to watch too. Break will suggest completion of rebound from 0.6722 and deeper fall would be seen back to this level. In other markets, Nikkei is currently down -0.69% and is set to close with a loss. Hong Kong HSI is down -1.23%. China Shanghai SSE is down -1.17%. Singapore Strait Times is down -0.41%. Japan 10-year JGB yield is down -0.0037 at 0.001. WTI crude oil is currently at 53.5. It's apparently losing momentum after hitting 54.44 yesterday, ahead of 54.61 resistance. | 
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