 Consolidative trading continues in the forex markets as major pairs are crosses are stuck in tight range. Yen weakened mildly overnight but there was no follow through selling through recent highs. European majors are also mildly softer, without sustainable decline. ECB meeting is a focus today but it will very likely be a non-event. Instead, the economic data would be the drivers, including Eurozone PMIs and US durable goods orders. Technically, EUR/GBP would be one today watch today as consolidation from 0.8575 temporary low is about to complete. Break of this support will resume larger fall from 0.9324 to 0.8472 support next. On the other hand, EUR/AUD seems to have draw solid support from 1.6203 support. Further recovery would retain near term bullishness through 1.6432 resistance. But firm break of 1.6203 a sign of near term bearish reversal, for 1.5905 support. Price actions in these two crosses could be quick tricky. In Asia, currently, Nikkei is up 0.59%. Hong Kong HSI is up 0.47%. China Shanghai SSE is down -0.22%. Singapore Strait Times is up 0.82%. Japan 10-year JGB yield is up 0.005 at -0.133. Overnight, DOW rose 0.17%. S&P 500 rose 0.28%. NASDAQ rose 0.19%. 10-year yield dropped -0.09 to 1.759. | 
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