Global stock markets are recovering slightly today, continuing to stabilize from Omicron worries for now. Major currency pairs are also bounded in consolidative trading in tight range. While Aussie is trying to lead commodity currencies higher, it's lacking clear upside momentum. Swiss Franc and Yen are the softer ones followed by Euro and Dollar. Technically, trading in Gold is also sluggish. Near term channel support appears to be providing a floor for now. Yet, there is no strength for a rebound. Gold's decline from 1877.05 could re-accelerate if the support zone between 1757.84 and the channel support is taken out decisively. In the case, we might see a test on 1700 handle quickly. But a break of 1815 resistance will bring stronger rebound back towards 1877.05 resistance instead. The next move might be accompanied by a move in Dollar in the opposite direction. In Europe, at the time of writing, FTSE is up 1.33%. DAX is up 1.87%. CAC is up 1.76%. Germany 10-year yield is up 0.025 at -0.324. Earlier in Asia, Nikkei rose 0.41%. Hong Kong HSI rose 0.78%. China Shanghai SSE rose 0.36%. Singapore Strait Times rose 1.87%. Japan 10-year JGB yield rose 0.0081 to 0.067. | 