 Dollar is under much selling pressure after another data miss in ADP employment. Markets are starting to worry that slowdown in the USA economy is not over. Road ahead could be even more bumpy with persistent trade risks. Bloomberg reported that US and China are still close to the phase one trade deal despite recent exchanges of harsh words. But nothing is done until all is done. The recovery in risk sentiment might be temporary. For the greenback focus will turn to ISM services and then non-farm payrolls. Canadian Dollar is looking into BoC rate decision. In the currency markets, for now, Aussie is still the worst performing one followed by Swiss and Dollar. Sterling is the strongest one on hope of a Conservative majority after December 12 elections. Technically, GBP/USD and GBP/JPY finally have decisive break of recent resistance. In particular, clear upside acceleration is seen in GBP/USD. EUR/USD also made up its mind and break 1.1097 resistance. Further rise should be seen towards 1.1179 resistance next. In Europe, currently, FTSE is down -0.01%. DAX is up 0.92%. CAC is up 1.05%. German 10-year yield is up 0.014 at -0.333. Earlier in Asia, Nikkei dropped -1.05%. Hong Kong HSI dropped -1.25%. China Shanghai SSE dropped -0.23%. Singapore Strait Times dropped -0.42%. Japan 10-year JGB yield dropped -0.0155 to -0.034. | 
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