Investor sentiment was basically destroyed by more hawkish than expected Fed Chair Jerome Powell. US stocks reversed earlier gains and closed mixed. But futures are already pointing to a gap down open today. Major Asia indexes are trading in deep red. Markets are now expecting as many as five rate hikes this year starting March. In the currency markets, Dollar is currently the strongest one for the week, followed by Yen. New Zealand Dollar is the worst, followed by Aussie. Canadian Dollar is just mixed as partly support by BoC hike expectations and rally in oil prices. European majors are mixed for now. Technically, focus is quickly back on 1.1185 low in EUR/USD. Firm break there will confirm resumption of larger down trend from 1.2348. At the same time, we'll monitor the momentum of some Dollar pairs towards corresponding level. They 1.3158 low in GBP/USD, 0.6992 low in AUD/USD, and 1.2963 high in USD/CAD. By the way, NZD/USD has broken equivalent level of 0.6700 earlier this week already. In Asia, at the time of writing, Nikkei is down -3.02%. Hong Kong HSI is down -2.54%. China Shanghai SSE is down -1.20%. Singapore Strait Times is down -0.36%. Japan 10-year JGB yield is up 0.0162 at 0.156. Overnight, DOW dropped -0.38%. S&P 500 dropped -0.15%. NASDAQ rose 0.02%. 10-year yield rose 0.065 to 1.848. | 