 Coronavirus vaccine optimism sent US stocks to record high overnight but the positive sentiments are not carried forward to Asia. The forex markets are also treading water, with major pairs and crosses stuck inside last week's range. US and Canadian Dollars are the relatively weaker ones while European majors are firm. But there is not clear sign of breakout yet. While Fed Chair Jerome Powell's Jackson Hole speech is the main events for the week, markets would hope to get some inspirations today from Germany Ifo and US consumer confidence first. Technically, USD/CAD recovered ahead of 1.3133 temporary low after brief dip yesterday. Focus is back on 1.3271 resistance. Break there should confirm short term bottoming on bullish convergence condition in 4 hour MACD. CAD/JPY is also eyeing 79.86 resistance turned support again and break will firstly resume the fall from 80.98. Secondly, that would suggest completion of the rebound form 77.61. What's next for these two pairs could depend on whether WTI could take out 43.38 resistance firmly, or finally be rejected there. In Asia, currently, Nikkei is up 1.84%. Hong Kong HSI is down -0.69%. China Shanghai SSE is down -0.19%. Singapore Strait Times is up 1.24%. Japan 10-year JGB yield is up 0.0048 at 0.030. Overnight, DOW rose 1.35%. S&P 500 rose 1.00% to 3431.28, new record. NASDAQ rose 0.60% to 11379.72, new record. 10-year yield rose 0.0006 to 0.646. | 
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