 Sterling rebounds strongly after German Chancellor Angela Merkel expressed her optimism that Irish border backstop solution could be achieved before Brexit date. The Pound is currently the strongest one, followed by Canadian Dollar. On the other hand, cautious risk sentiments keep Australian and New Zealand Dollar as the weakest. Euro is mixed as better than expected PMIs didn't offer optimism on economic outlook. Technically, GBP/USD's break of 1.2209 and GBP/JPY's break of 130.06 suggests short term bottoming in both pairs. Stronger rebound should be seen in near term. But these rebounds are viewed as extended corrective move. We'll assess the structure to confirm this view later. Similarly, EUR/GBP is set to enter key near term support zone of 0.8891/9051. We'd look for bottoming there. In US, DOW opened higher and is currently up more than 100 pts. In Europe, FTSE is down -0.83%. DAX is up 0.18%. CAC is down -0.19%. German 10-year yield is up 0.036 at -0.634. Earlier in Asia, Nikkei rose 0.05%. Hong Kong HSI dropped -0.84%. China Shanghai SSE rose 0.11%. Singapore Strait Times rose 0.17%. Japan 10-year JGB yield is down -0.0002 at -0.24. | 
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