 New Zealand Dollar is clearly the worst performing one today as selloff intensifies after RBNZ's surprised -50bps rate cut. Australian Dollar is also dragged down deeply while Canadian Dollar follows as third weakest so far. Asian markets ignore rebound in US stocks overnight and weaken generally. Yen and Swiss franc strengthen on risk aversion, with Euro being lifted too. Dollar is mixed for now as markets continue to digest escalation in US-China trade and currency war. But it's supported as even a Fed dove prefers to wait and see before another rate cut. Technically, NZD/USD's break of 0.6422 support indicates resumption of down trend from 0.7558 (2017 high) to 0.6102 (2015 low). NZD/JPY is also extending the down trend from 94.01 (2014 high). AUD/USD resumes long term down trend from 1.1079 (2011 high) to 0.6008 (2008 low). EUR/AUD is pressing 1.6765 resistance and break will resume up trend from 1.3624 and that from 1.1602 (2012 low). USD/CAD is resuming near term rebound from 1.3016 short term bottom, towards 1.3432/3564 resistance zone. In Asia, currently, Nikkei is down -0.47%. Hong Kong HSI is down -0.37%. China Shanghai SSE is down -0.01%. Singapore Strait Times is up 0.14%. Japan 10-year JGB yield is down -0.014 at -0.195. Overnight, DOW rose 1.21%. S&P 500 rose 1.30%. NASDAQ rose 1.39%. 10-year yield rose 0.004 to 1.739. | 
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