 Australian Dollar tumbles broadly today as traders add to bet of RBA rate cuts after poor Q4 GDP. RBA Governor Philip Lowe basically maintained upbeat view on the outlook in a speech, but that was largely ignored. Sterling is also among the weakest as UK Attorney General Geoffrey Cox's trip to Brussels produced no breakthrough on Irish backstop. But it should be noted that the lack of result isn't really much of a bad news because expectation on a Brexit deal is still rather low. So far, the Pound is supported just by expectation that there will be no no-deal Brexit. Staying in the currency markets, Dollar and Yen are the stronger ones for today so far. Both are mainly supported by weakness of others only. There is no clear sign of risk aversion. Japan 10-year JGB yield turns negative again today and could drag down Yen again if Germany and US yield resume recent rise. Canadian Dollar is mixed ahead of BoC rate decision. Technically, Dollar is solidifying momentum for near term rally. EUR/USD broke 1.1316 support and should target 1.1215 low. USD/CHF broke 1.0024 and should target 1.0098 resistance. USD/CAD is staying firm above 1.3340 resistance, which indicates bullish near term reversal. AUD/USD also broke 0.7054 support which indicate bearish near term reversal. More upside remains in favor in Dollar. In Asia, Nikkei closed down -0.60%. Hong Kong HSI is up 0.15%. China Shanghai SSE is up 0.53%. Singapore Strait Times is up 0.01%. Japan 10-year JGB yield is down -0.0134 at -0.005, turned negative again. Overnight, DOW dropped -0.05%. S&P 500 dropped -0.11%. NASDAQ dropped -0.02%. 10-year yield closed flat at 2.722. | 
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