 Asian markets are trading generally lower today as another weak starts. Though, weakness in stocks is relatively limited. Expectations on Fed and ECB easing remain generally firm. It looks like a matter of when and how much easing only. In the currency markets, Yen is trading mildly lower, followed by Swiss Franc. New Zealand Dollar is currently the strongest, but Dollar and Sterling are not too far away. The economic calendar is very light today but heavy weight events lie ahead. Technically, Sterling will be a major focus in the early part of the week, leading up to the announcement of the next UK Conservative leader. GBP/USD has been drawing support from 1.2391 and recovered. A break of 1.2579 minor resistance would indicate short term bullish reversal for stronger rebound ahead. EUR/GBP is also pressing 0.8954 minor support. Firm break there would also indicate short term bearish reversal for deeper decline. In Asia, currently, Nikkei is down -0.35%. Hong Kong HSI is down -0.75%. China Shanghai SSE is down -0.75%. Singapore Strait Times is down -0.61%. Japan 10-year JGB yield is up 0.0016 at -0.134. | 
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