 The global financial markets turned a bit mixed today even though risk aversion remains the underlying theme. European stocks are generally lower while US stocks recovers, turning into consolidations. Comments from China suggests that retaliation is still underway despite delay of part of the new US tariffs. Germany 10-year yield hits another record low of -0.681. In the currency markets, however, Yen and Swiss Franc are the weakest ones as consolidation extend. Euro is the third weakest as dragged down by treasury yields. Sterling is the strongest one for today, helped by retail sales. Dollar is mixed as it's partly helped by generally positive economic data. Technically, EUR/USD's break of 1.1133 support suggests that rebound from 1.1026 has completed. Deeper fall would be seen back to retest this low. Break will resume larger down trend from 1.2555. EUR/GBP's break of 0.9198 also indicates short term topping at 0.9324 and deeper pull back would be seen back to 0.8891/9051 support zone. USD/CHF and USD/JPY could be two focuses for the rest of the session. Break of 0.9797 and 107.09 resistance levels in both pair would in indicate short term bottoming in the pairs and bring stronger rebound. In US, currently, DOW is up 0.29%. 10-year yield is down -0.0025 at 1.578. In Europe, FTSE is down -1.10%. DAX is down -0.53%. CAC is down -0.18%. German 10-year yield is down -0.253 at -0.674. Earlier in Asia, Nikkei dropped -1.21%. Hong Kong HSI rose 0.76%. China Shanghai SSE rose 0.25%. Singapore Strait Times dropped -0.68%. Japan 10-year JGB yield dropped -0.0178 to -0.237. | 
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