 Asian markets are relatively quiet as another week starts. There is no follow through from Friday's strong rally in the US. Trade data from China released over the weekend also provide little inspirations. There is also practically no reaction to the massive global "Black Lives Matter" protests, nor intensifying US-China spats. NASDAQ hit new intraday record high last week and a focus will be whether it could power through to extend the record run, or have a set back this week. Technically, in the currency markets, commodity currencies appear to be losing momentum since late last week. In particular, a focus will be on whether AUD/USD would surge through 0.7031 key resistance level (which is close to 0.7 psychological level). Or it would have a set back by breaking 0.6856 minor support. Another focus in on 0.8866 minor support in EUR/GBP, and break will confirm completion of rebound from 0.8670, signalling reverse in Euro and Sterling's fortune. One more thing to watch is 0.9647 minor resistance in USD/CHF. Firm break there could indicate completion of consolidation pattern from 0.9901 and raise the chance of retesting this high ahead. It's pretty much every pairs for itself. In Asia, currently, Nikkei is up 1.08%. Hong Kong HSI is down -0.14%. China Shanghai SSE is up 0.32%. Singapore Strait Times is up 1.10%. Japan 10-year JGB yield is up 0.0054 at 0.046. | 
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