 Sterling weakness remains the unified theme in the markets this week. The Pound remain under pressure in Asian session today while recovery attempt was brief and weak. As for the week, Canadian Dollar is currently the second weakest, in tandem with the sharp decline in oil price. Swiss Franc and Yen are the strongest so far, with help from risk aversion. Dollar and Euro are markets. There is no follow through buying in Euro after that post ECB bounce. Dollar is also hesitating to take a clear direction. Technically, US stocks could be the main focus before weekly close. NASDAQ's 01.99% decline overnight dragging it back to key support zone between 55 day EMA and 23.6% retracement of 6631 to 120734. A firm break there would confirm that fall from 12074 is actually corrective the whole rise from 6631. Deeper fall could then be seen to 38.2% retracement at 9994.97 at least. In that case, risk aversion should stay for a longer while, providing some extra lift to Yen and Dollar. In Asia, Nikkei closed up 0.74%. Hong Kong HSI is up 0.70%. China Shanghai SSE is up 0.79%. Singapore Strait Time is down -0.39%. Japan 10-year JGB yield is down -0.0025 at 0.027. Overnight, DOW dropped -1.45%. S&P 500 dropped -1.76%. NASDAQ dropped -1.99%. 10-year yield dropped -0.018 to 0.685. | 
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