 Global markets are in mild risk averse mode on concerns over US-China trade talk. That came after Trump said he will not meet Chinese President Xi this month to complete the trade agreement. Yen and Swiss Franc are trading as the stronger ones, as lifted by falling treasury yields too. But upside momentum of both is a bit weak. On the other hand, dovish RBA sent Australian Dollar lower again. Canadian Dollar follows as the second weakest as oil price weakens. But the fate of the Loonie hinges on job data to be released later today. Sterling turned mixed as yesterday's post BoE rebound fades. Dollar is also mixed for now but it's the strongest one for the week. Technically, AUD/USD's break of 0.7076 support further affirms the case of bearish reversal and opens up decline back to 0.6722 low. Dollar is losing some momentum. But more upside remains in favor against Euro and Swiss Franc. USD/CAD is also on track for 1.3375 resistance to confirm near term bullish reversal. Euro is a currency to watch this week as EUR/JPY is pressing 124.35 support while EUR/GBP is pressing 0.8726 support. Break of both these levels could prompt more broad based decline in the common currency. In other markets, Nikkei closed down -2.01%. Hong Kong HSI is back from holiday and is down -0.08%. China is still on holiday. Singapore Strait Times is down -0.10%. Japan 10-year JGB yield is down -0.029 at -0.0204. Overnight, DOW dropped -0.87%. S&P 500 dropped -0.94%. NASDAQ dropped -1.18%. 10-year yield dropped -0.050 to 2.652, back below 2.7% handle. 30-year yield dropped -0.045 to 2.993, lost 3.0% handle. | 
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