 Markets sentiments generally stabilized today as it seems that US and China are still will to continue trade negotiations. Nevertheless, otherwise some pleasing words, there is nothing concrete, not even a scheduled meeting. Further decline in German 10-year yield, deeper into negative territory, is a sign of nervousness among investors. Gold is also holding firm around 1300 handle, as another sign of underlying risk aversion. Some important economic data are released today but they're largely ignored. UK unemployment dropped to fresh 44-year low of 3.8% in March. Eurozone industrial production contracted -0.3% in March. German ZEW economic sentiment deteriorated to -2.1 in May. But these data triggered little movements in the markets. As for today, Sterling is so far the weakest one, followed by Yen and then Swiss Franc. New Zealand Dollar is the strongest, followed by Canadian and than Dollar. For the week, Swiss Franc and Yen remain overwhelmingly the strongest one. Dollar is catching up as third strongest for the moment. Aussie, Sterling and Canadian are the weakest. Technically, recovery in Yen crosses are rather weak. Focus will be on temporary lows of 109.02, and 122.48 in USD/JPY and EUR/JPY respectively. We'd expect Yen crosses to resume decline, probably rather soon. AUD/USD continues to gyrate lower to 0.6913 fibonacci projection level. Firm break there could trigger downside acceleration. With today's weakness, GBP/USD might be heading to 1.2865 key support. Firm break will confirm near term bearish reversal. In Europe, currently, FTSE is up 0.87%. DAX is up 0.36%. CAC is up 1.00%. German 10-year yield is down -0.0079 at -0.075. Earlier in Asia,Nikkei dropped -0.59%. Hong Kong HSI dropped -1.50%. China Shanghai SSE dropped -0.69%. Singapore Strait Times dropped -0.33%. Japan 10-year JGB yield dropped -0.0061 to -0.052. | 
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