Commodity currencies are under broad-based pressure today, as markets are trading in risk-off mode on the spread of Omicron. Canadian Dollar is leading the way lower as WTI oil tumbles below 70. But Euro and Swiss Franc are currently the main beneficiaries, followed by Yen. Dollar and Sterling are mixed. Technically, EUR/CAD's break of 1.4580 support turned resistance now suggests short term bottoming after 1.4162. Stronger rise would now be seen back towards 1.5096 resistance. At the same time, CAD/JPY is pressing 9768 support and break will resume whole decline from 93.00. USD/CAD's rise from 1.2286 is also resuming by breaking 1.2935 resistance. We'll see if Canadian Dollar's selloff would pick up momentum again. In Europe, at the time of writing, FTSE is down -1.04%. DAX is down -1.93%. CAC is down -1.11%. Germany 10-year yield is up 0.0222 at -0.356. Earlier in Asia, Nikkei dropped -2.13%. Hong Kong HSI dropped -1.93%. China Shanghai SSE dropped -1.07%. Singapore Strait Times dropped -1.24%. Japan 10-year JGB yield dropped -0.0114 to 0.039. | 