 Surprisingly dovish comments from ECB President Mario Draghi sent Euro sharply lower, and German 10-year yield to new record low today. There are some speculations that ECB could eventually cut interest rates, with a tiered system", alongside released of new economic projections in July. The comments also send German and French stocks sharply higher. Trump blames in a tweet that Draghi makes it "unfairly easier for them to compete against the USA". But at the same time, Trump doesn't comment on positive lift to US stocks, with DOW futures up 150 pts at the time of writing. Staying in the currency markets, Australian Dollar and Sterling ties for second weakest. Aussie is sold off after RBA minutes confirm that more rate cuts are underway. Sterling is pressured as markets raise their bets on no-deal Brexit on Boris Johnson's lead in Conservative leadership race. On the other hand, Yen is the strongest one following free fall in major treasury yields. Kiwi and Swiss Franc are the next strongest for now. Technically, while EUR/USD extends the fall from 1.1347 today, it's kept well above 1.1107 low. There is no disaster in the pair yet as traders are probably holding their bets before tomorrow's FOMC rate decision. EUR/GBP is holding above 0.8871 minor support while EUR/AUD is kept above 1.6298 minor support. That is, both crosses remain near term bullish. EUR/JPY is more likely the focus for today and it's set to take on 120.78 support and break will confirm resumption of recent fall towards 118.62 low. In Europe, currently, FTSE is up 1.17%. DAX is up 1.48%. CAC is up 1.75%. German 10-year yield is down -0.0796 at -0.322, close to record low at -0.323 (still making new ones). Earlier in Asia, Nikkei dropped -0.72%. Hong Kong HSI rose 1.00%. China Shanghai SSE rose 0.09%. Singapore Strait Times rose 0.96%. Japan 10-year yield dropped -0.0032 to -0.129. | 
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