Asian markets are staging a strong rebound today, despite poor economic data out of Japan and Australia. Investors are probably reassessing the timing of Fed's tapering, which would be delayed by the current surge in Delta variant. Meanwhile, China reported zero case of local transmission of COVID-19 for the first time since July. Dollar, Yen and Swiss Franc are paring some of last week's gains. Canadian Dollar leads commodity currencies higher. Technically, we'll pay some attention to the development in Gold today. It has been rather resilient last week despite the strong rise in Dollar. A break of 1795.42 will resume the rebound from 1682.60 and put 1800 handle to immediate focus. Sustained trading above 1800 would raise the change of bullish reversal. Further break of 1832.47 resistance could extend the rally to 1916.30 resistance. That, if happens, might signal a return to weakness in the greenback. In Asia, at the time of writing, Nikkei is up 1.73%. Hong Kong HSI is up 2.09%. China Shanghai SSE is up 1.13%. Singapore Strait Times is up 0.09%. Japan 10-year JGB yield is up 0.010 at 0.022. | 