 Stock markets stage a strong rebound today after China appears to be backing down from its hard line stance in trade war with US. Yen and Swiss Franc turn soft while commodity currency regain reverse earlier losses. Euro is also weak despite improvement in confidence indicators. Sterling remains mixed as markets await political development in UK. Dollar is also mixed, shrugging of weak recovery in US treasury yields. Technically, major crosses and pairs are staying in range trading in general. Even the relatively weaker EUR/USD is holding above 1.1051 temporary low. Though, break of this support will be an early indication of Dollar strength and a test on 1.1206 low would be seen. Also, USD/JPY recovers today but stays below 106.73 minor resistance. But break of 106.73 will be an indication of short term bottoming and bring stronger rebound. In Europe, FTSE is up 0.98%. DAX is up 1.12%. CAC is up 1.35%. German 10-year yield is up 0.003 at -0.709. Earlier in Asia, Nikkei dropped -0.09%. Hong Kong HSI rose 0.34%. China Shanghai SSE dropped -0.10%. Singapore Strait Times rose 0.83%. Japan 10-year JGB yield dropped -0.0127 to -0.284. | 
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