 Risk sentiments stabilized somewhat in Asian session today. While major Asian indices are down, losses are so far limited. Late buying in the US overnight argues that the markets are not in a crash yet despite all the talks on trade war escalation. DOW has indeed reached as low as 24938.24 but recovered to close at 25126.41, defended 25000 handle and down only -0.87%. Nevertheless, it's now a given that US-China trade war to staying for now. And, it should be just a matter of time when data finally show the deterioration in global economic outlook. In the currency markets, Australian Dollar leads commodity currencies higher today. Yen and Dollar are so far the weakest ones. For the week, Australian Dollar is also the strongest, followed by Dollar and then Yen. Sterling is the weakest one for the week so far, followed by Euro and then Swiss Franc. Technically, USD/CAD's breach of 1.3521 suggests that recent rise from 1.3068 is resuming, even though upside momentum is weak. USD/JPY recovered ahead of 109.02 support. Thus, recent fall from 112.40 is not ready to resume yet. More upside on USD/JPY could help lift EUR/JPY and GBP/JPY for mild recoveries. EUR/GBP is struggling in tight range below 0.8840 resistance. GBP/USD is also holding above 1.2605 temporary low. It looks like both EUR/GBP and GBP/USD will continue consolidative trading for a while. But a downside breakout in the Pound in either one might trigger breakout in the other too. In Asia, Nikkei is currently down -0.46%. Hong Kong HSI is down -0.51%. China Shanghai SSE Is down -0.68%. Singapore Strait Times is down -0.80%. Japan 10-year JGB yield is up 0.015 at -0.078. Overnight, DOW dropped -0.87%. S&P 500 dropped -0.69%. NASDAQ dropped -0.79%. 10-year yield dropped -0.032 to 2.236. | 
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