 Powerful rally in Chinese stock markets push global equities sharply higher today. Europeans indices are all in black, DOW future is up nearly 400 pts while NASDAQ is set to extend record run. Yen and Dollar are both the worst performing ones in risk-on markets. Euro is the strongest this time, and takes Swiss Franc higher as the second strongest. Commodity currencies are strong too but lag below Euro. Technically, Gold also rises on Dollar weakness today. Focus is back on 1789.02 temporary top. Break will extend recent up trend to 1800 handle first. EUR/USD could test 1.1348 resistance while EUR/JPY could test 122.11 resistance very soon. Break of these levels will indicate completion of recent correction and bring retest of 1.1422 and 124.43 highs. In Europe, currently, FTSE is up 1.86%. DAX is up 1.96%. CAC is up 1.81%. German 10-year yield is down -0.0018 at -0.432. Earlier in Asia, Nikkei rose 1.83%. Hong Kong HSI rose 3.81%. China Shanghai SSE rose 5.71%. Singapore Strait Times rose 1.38%. Japan 10-year JGB yield rose 0.0224 to 0.046. | 
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