 Global stock markets are lifted by the agreement on the EUR 750B Next Generation EU recovery package. Commodity currencies surge broadly with Australian Dollar leading the way. RBA Governor indicated that the current exchange rate is inline with Australia's fundamentals. On the other hand, Dollar, Yen and Swiss Franc are under broad based pressure due to strong risk-on markets. Euro is also weak after traders take profits after the news of the stimulus deal. Technically, AUD/USD's break of 0.7064 suggests resumption of whole rebound from 0.5506. Next major target will be 55 month EMA at 0.7316. EUR/AUD is also heading back to 1.6033 support with today's steep decline. Firm break there will resume whole fall from 1.9799. AUD/JPY is also accelerating sharply higher today and is set to take on 76.78 high very soon. In Europe, currently, FTSE is up 0.42%. DAX is up 1.59%. CAC is up 1.02%. Germany 10-year yield is up 0.0016 at -0.459. Earlier in Asia, Nikkei rose 0.73%. Hong Kong HSI rose 2.31%. China Shanghai SSE rose 0.20%. Singapore Strait Times rose 0.50%. Japan 10-year JGB yield dropped -0.0102 to 0.016. | 
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