 The financial markets are slightly firmer today but lacks conviction. All eyes are on the results of US-China negotiations in Washington. There were rumors that the teams are drafting MOUs, and China pledged to increase agricultural purchases. But no details were leaked regarding the real core issues, in particular on enforcement of the agreement. Trump is set to meet Chinese Vice Premier Liu He again today. And we'll see if they'll release something of substance. Meanwhile, for today, New Zealand Dollar is the weakest one so far. RBNZ is proposing to raise capital requirements for top banks. But markets are concerned that eventually, tighter financial conditions will force the central bank to cut interest rates. Yen is the second weakest on mild risk appetites. Canadian Dollar is the third weakest as rally in oil prices lost momentum. Canadian retail sales will be a test for Loonie's resilience. On the other hand, Australian Dollar is the strongest one for today. But it's just paring some of this week's steep losses. Officials are trying to talk down the significance of China Dalian port's ban of Australian coal imports. Euro is the second strongest. German Q4 GDP confirmed to have grown 0% qoq, narrowly avoiding a technical recession in H2 of last year. Swiss Franc is so far the third strongest. Technically, USD/CAD's recovery and break of 1.3225 minor resistance now turns focus back to 1.3340 resistance. AUD/USD will be looking at 0.7054 key support in next fall. Against Europeans, Dollar is mildly tin favor to extend this week's pull back. But EUR/USD and GBP/USD have to break 1.1371 and 1.3109 temporary tops first. In Asia, Nikkei closed down -0.18%. Hong Kong HSI is up 0.17%. China Shanghai SSE is up 1.62%. Singapore Strait Times is down -0.26%. Japan 10-year JGB yield is up 0.0018 at -0.038. Overnight, DOW dropped -0.40%. S&P 500 dropped -0.35%. NASDAQ dropped -0.39%. 10-year yield rose 0.034 to 2.688. | 
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