 Euro tumbles broadly after ECB delivered and all-the-way dovish meeting. There will be no rate hike until at least 2020. New TLTRO-III is announced. ECB expects sizeable moderation in growth. GDP growth forecast was revised down substantially. Yet, risks surrounding outlook are still tilted to the downside. Selloff in Euro is dragging down other European majors, as well as German 10-year yield, which is back below 0.1 handle. Staying in the currency markets, commodity currencies are surprisingly the strongest ones today, despite dovish outlook on RBA, RBNZ and even BoC. Pull back in global treasury yield could be a factor helping them. Even US 10-year yield is now back below 2.7 handle and is moving downward. Overall, Yen and Dollar are mixed. Technically, EUR/USD is heading back to 1.1215 low and break will confirm resumption of larger down trend from 1.2555. USD/CHF will likely test 1.0098/0128 resistance zone too. GBP/USD is back pressing 1.3109 but it's stubbornly holding on to this support so far. In Europe, FTSE is down -0.28%. DAX is down -0.16%. CAC is down -0.10%. German 10-year yield is down -0.033 at 0.095, back below even 0.1 handle. Earlier in Asia, Nikkei dropped -0.65%. Hong Kong HSI dropped -0.89%. China Shanghai SSE rose 0.14%. Singapore Strait Times rose 0.21%. Japan 10-year JGB yield dropped -0.0062 to -0.001. | 
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