European stocks are trading generally higher today but no equivalent strength is see in the US pre-markets. Investors seemed to be lifted by news that EU, with backing from Germany, is going to introduce restrictions on COVID-19 vaccines over sudden supply cuts by AstraZeneca and Pfizer. There is little reaction to resignation of Italian Prime Minister Giuseppe Conte. Commodity currencies are back as the strongest ones while Dollar, Yen and Swiss Franc are pressured. But overall, most major pairs and crosses are staying in range. More decisive moves are needed to confirm breakouts. Technically, GBP/USD and AUD/USD are still far from 1.3745 and 0.7819 resistance levels for now. But persistent selloff in Dollar would push these two pairs through the resistance to bring up trend resumption. Meanwhile, Sterling is also riding on a wave of buying. Decisive of 142.30/71 resistance will also be a strong bullish signal for GBP/JPY. In Europe, currently, FTSE is up 0.87%. DAX is up 2.03%. CAC is up 1.40%. German 10-year yield is up 0.0145 at -0.534. Earlier in Asia, Nikkei dropped -0.96%. Hong Kong HSI dropped -2.55%. China Shanghai SSE dropped -1.51%. Singapore Strait Times dropped -0.95%. Japan 10-year JGB yield dropped -0.0048 to 0.034. | 