 Sentiments in the markets were lifted by news that China is going to step up credit support to the economy. Commodity currencies strike a strong come back, as led by New Zealand and Australian Dollar. On the other hand, Swiss Franc and Yen are back under pressure. Sterling also continues to pare back some gains as traders hesitate to push it through near term resistance level against Dollar and Yen. The greenback is mixed for the moment, as housing data provide little inspiration. Technically, bias is GBP/USD and GBP/JPY is turned neutral after they fail to take out 1.3012 and 141.50 resistance levels decisively. Though, further rise remains in favor and these two level will stay in focus. AUD/USD's recovery from 0.6769 extends higher today but it's limited below 0.6841 minor resistance so far. Thus, further decline remain in favor to 0.6670 low. Though, break of 0.6841 will turn focus back to 0.6929 resistance instead. In Europe, currently, FTSE is up 1.08%. DAX is up 0.84%. CAC is up 0.09%. German 10-year yield is up 0.002 at -0.331. Earlier in Asia, Nikkei dropped -0.53%. Hong Kong HSI rose 1.55%. China Shanghai SSE rose 0.85%. Singapore Strait Times dropped -0.61%. Japan 10-year JGB yield dropped -0.0046 to -0.091. Released in US session, US building permits rose 5% mom to 1.46m annualized rate in October, above expectation of 1.39m. Housing starts rose 3.8% mom to 1.31m, below expectation of 1.32m. Canada manufacturing shipments dropped -0.2% mom in September, above expectation of -0.5% mom. | 
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