 Euro has been under broad based pressure today after PMIs suggest more weakness in the economy ahead. The common currency then spikes further lower ECB President Mario Draghi sounds rather cautious and downbeat in the post meeting press conference. However, Euro quickly recovers as Draghi actually didn't bring out any "new" dovishness. The March meeting with new economic projection is the more crucial one, not today's. Dollar, on the other hand, is firm as boosted by strong job data. But that is offset my US Commerce Secretary Wilbur Ross's comments that US and China are "miles and miles" from a trade deal. For now, Australian Dollar is the weakest one for the day, followed by Sterling, and then Euro. Swiss Franc is the strongest one, followed by Yen and then Dollar. Technically, despite dipping to 1.1306, EUR/USD's quick recovery suggests that fall from 1.1569 is not ready to resume yet. More consolidations would be seen with risk of further recovery. USD/CHF is also in consolidation and might have slightly deeper pull back. Even though Yen is trading up against most, it's clearly held above below intraday resistance against others. Thus, today's strength in Yen is more of recovery rather than reversal. In other markets, FTSE is currently down -0.37%. DAX is up 0.15%. CAC is up 0.39%. German 10-year yield is down -0.0336 at 0.194, back below 0.2 handle. Earlier in Asia, Nikkei dropped -0.09%. Hong Kong HSI rose 0.42%. China Shanghai SSE rose 0.41%. Singapore Strait Times rose 0.62%. Japan 10-year JGB yield rose 0.0058 to 0.011. | 
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