 There were big roller coaster rides in the financial markets last week. Apple's sales outlook downgrade heightened the concerns over serious slowdown in the Chinese economy. There was the "Currency Flash Crash" which sent through all key technical resistance levels while Australian Dollar tumbled to multi-year low. The partial US government shut down is entering its third week, without any breakthrough. But looking through all the volatility and one-off events, there are a few developments to note. Firstly, China stepped up the pledge to support the economy with easing measures immediately announced. More are expected to come this year which might cushion any deterioration in sentiments. Secondly, Fed chair Jerome Powell turned rather cautious in his comments which prompted some re-think of the rate path ahead. Thirdly, stakes are getting high on US-China trade talks, which are to resume at vice ministerial level this week. In the currency markets, after all the volatile moves, Yen was only the second strongest one for the week. Canadian Dollar occupied the top spot, thanks to rebound in oil prices and as markets prepare for BoC rate decision. Australian Dollar was the third strongest after recovery from the torture of the flash crash. Euro was the worst performing one, followed by Swiss Franc and then Dollar. | 
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